First Merchants Corporation Company Profile (NASDAQ:FRME)

About First Merchants Corporation (NASDAQ:FRME)

First Merchants Corporation logoFirst Merchants Corporation is a financial holding company. The Company has a bank charter, First Merchants Bank (the Bank), which is opened for business in Muncie, Indiana. It operates through community banking business segment. The Bank also operates Lafayette Bank and Trust, and First Merchants Private Wealth Advisors (each as a division of First Merchants Bank). As of December 31, 2016, the Bank included 106 banking locations in 27 Indiana, two Illinois and two Ohio counties. In addition to its branch network, the Company's delivery channels include automated teller machines, check cards and Internet technology. Through the Bank, it offers a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services, and providing other corporate services, letters of credit and repurchase agreements.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks - NEC
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:FRME
  • CUSIP: 32081710
  • Web:
  • Market Cap: $1.62452 billion
  • Outstanding Shares: 41,054,000
Average Prices:
  • 50 Day Moving Avg: $40.50
  • 200 Day Moving Avg: $39.73
  • 52 Week Range: $25.34 - $43.48
  • Trailing P/E Ratio: 18.75
  • Foreward P/E Ratio: 15.52
  • P/E Growth: 2.51
Sales & Book Value:
  • Annual Revenue: $289.57 million
  • Price / Sales: 5.61
  • Book Value: $22.64 per share
  • Price / Book: 1.75
  • Annual Dividend: $0.72
  • Dividend Yield: 1.8%
  • Net Margins: 26.67%
  • Return on Equity: 9.57%
  • Return on Assets: 1.22%
  • Debt-to-Equity Ratio: 0.50%
  • Current Ratio: 0.91%
  • Quick Ratio: 0.91%
  • Average Volume: 175,267 shs.
  • Beta: 0.93
  • Short Ratio: 6.94
Frequently Asked Questions for First Merchants Corporation (NASDAQ:FRME)

What is First Merchants Corporation's stock symbol?

First Merchants Corporation trades on the NASDAQ under the ticker symbol "FRME."

How often does First Merchants Corporation pay dividends? What is the dividend yield for First Merchants Corporation?

First Merchants Corporation announced a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.18 per share on Friday, June 16th. This represents a $0.72 annualized dividend and a yield of 1.82%. The ex-dividend date is Wednesday, May 31st. This is a boost from First Merchants Corporation's previous quarterly dividend of $0.15. View First Merchants Corporation's Dividend History.

How were First Merchants Corporation's earnings last quarter?

First Merchants Corporation (NASDAQ:FRME) issued its quarterly earnings data on Thursday, April, 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.04. The firm had revenue of $75.85 million for the quarter, compared to analyst estimates of $76.65 million. First Merchants Corporation had a return on equity of 9.57% and a net margin of 26.67%. View First Merchants Corporation's Earnings History.

Where is First Merchants Corporation's stock going? Where will First Merchants Corporation's stock price be in 2017?

2 brokerages have issued 12 month price objectives for First Merchants Corporation's stock. Their forecasts range from $30.00 to $44.00. On average, they expect First Merchants Corporation's stock price to reach $37.00 in the next year. View Analyst Ratings for First Merchants Corporation.

Who are some of First Merchants Corporation's key competitors?

Who are First Merchants Corporation's key executives?

First Merchants Corporation's management team includes the folowing people:

  • Charles E. Schalliol, Independent Chairman of the Board
  • Michael C. Rechin, President, Chief Executive Officer, Director
  • Mark K. Hardwick, Chief Financial Officer, Chief Operating Officer, Executive Vice President
  • Michele Kawiecki, Finance Director, Senior Vice President
  • John J. Martin, Executive Vice President, Chief Credit Officer
  • Michael J. Stewart, Executive Vice President, Chief Banking Officer
  • Stephan H. Fluhler, Senior Vice President, Chief Information Officer
  • Jeffrey B. Lorentson, Chief Risk Officer, Senior Vice President
  • Michael J. Fisher, Director
  • Michael R. Becher, Independent Director

Who owns First Merchants Corporation stock?

First Merchants Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (5.61%), First Financial Bank Trust Division (0.18%), Fisher Asset Management LLC (0.17%), Park National Corp OH (0.02%), First Quadrant L P CA (0.02%) and Meeder Asset Management Inc. (0.01%). Company insiders that own First Merchants Corporation stock include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, John Martin, Mark K Hardwick, Michael C Rechin, Michael J Stewart, Michael R Becher, Patrick A Sherman, Roderick English, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants Corporation.

Who bought First Merchants Corporation stock? Who is buying First Merchants Corporation stock?

First Merchants Corporation's stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Park National Corp OH, Fisher Asset Management LLC and Meeder Asset Management Inc.. Company insiders that have bought First Merchants Corporation stock in the last two years include Charles E Schalliol, Gary Lehman, Jeffrey B Lorentson, Michael J Stewart, Michael R Becher and Patrick A Sherman. View Insider Buying and Selling for First Merchants Corporation.

How do I buy First Merchants Corporation stock?

Shares of First Merchants Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Merchants Corporation's stock price today?

One share of First Merchants Corporation stock can currently be purchased for approximately $39.57.

MarketBeat Community Rating for First Merchants Corporation (NASDAQ FRME)
Community Ranking:  2.4 out of 5 ( )
Outperform Votes:  78 (Vote Outperform)
Underperform Votes:  87 (Vote Underperform)
Total Votes:  165
MarketBeat's community ratings are surveys of what our community members think about First Merchants Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for First Merchants Corporation (NASDAQ:FRME) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $37.00 (6.49% downside)

Analysts' Ratings History for First Merchants Corporation (NASDAQ:FRME)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/5/2017Keefe, Bruyette & WoodsReiterated RatingBuy$44.00MediumView Rating Details
9/28/2016DA DavidsonBoost Price TargetBuy$29.00 -> $30.00N/AView Rating Details
7/11/2016Piper Jaffray CompaniesInitiated CoverageNeutral$27.00N/AView Rating Details
1/29/2016StephensUpgradeEqual Weight -> OverweightN/AView Rating Details
12/16/2015SunTrust Banks, Inc.Initiated CoverageNeutral$27.00N/AView Rating Details
(Data available from 7/24/2015 forward)


Earnings History for First Merchants Corporation (NASDAQ:FRME)
Earnings by Quarter for First Merchants Corporation (NASDAQ:FRME)
Earnings History by Quarter for First Merchants Corporation (NASDAQ FRME)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.52$0.56$76.65 million$75.85 millionViewN/AView Earnings Details
1/26/2017Q416$0.50$0.55$75.35 million$74.49 millionViewN/AView Earnings Details
10/25/2016Q316$0.49$0.51$74.50 million$74.54 millionViewListenView Earnings Details
7/26/2016Q216$0.46$0.49$73.90 million$72.35 millionViewListenView Earnings Details
4/26/2016Q116$0.41$0.43$71.15 million$70.78 millionViewListenView Earnings Details
1/28/2016Q415$0.44$0.37$67.40 million$64.84 millionViewListenView Earnings Details
10/22/2015Q315$0.44$0.45$66.80 million$67.22 millionViewListenView Earnings Details
7/23/2015Q215$0.45$0.47$64.31 million$73.66 millionViewListenView Earnings Details
4/23/2015Q115$0.42$0.43$64.14 million$63.20 millionViewN/AView Earnings Details
1/27/2015Q414$0.41$0.41$65.00 million$65.70 millionViewN/AView Earnings Details
10/23/2014Q3$0.43$0.45$62.23 million$66.16 millionViewListenView Earnings Details
7/24/2014Q214$0.41$0.41$62.20 million$62.05 millionViewN/AView Earnings Details
4/24/2014Q114$0.39$0.38$61.09 million$61.08 millionViewN/AView Earnings Details
1/28/2014Q413$0.33$0.34ViewN/AView Earnings Details
10/24/2013Q313$0.35$0.35$50.76 millionViewN/AView Earnings Details
7/25/2013Q2 2013$0.32$0.34ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for First Merchants Corporation (NASDAQ:FRME)
2017 EPS Consensus Estimate: $2.14
2018 EPS Consensus Estimate: $2.46
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.48$0.52$0.50
Q2 20173$0.50$0.55$0.53
Q3 20174$0.52$0.56$0.54
Q4 20173$0.55$0.59$0.57
Q1 20182$0.55$0.59$0.57
Q2 20182$0.56$0.62$0.59
Q3 20182$0.58$0.66$0.62
Q4 20181$0.68$0.68$0.68
(Data provided by Zacks Investment Research)


Current Dividend Information for First Merchants Corporation (NASDAQ:FRME)
Most Recent Dividend:6/16/2017
Annual Dividend:$0.72
Dividend Yield:1.82%
Payout Ratio:34.12% (Trailing 12 Months of Earnings)
32.00% (Based on This Year's Estimates)
28.24% (Based on Next Year's Estimates)
Dividend Payments by Quarter for First Merchants Corporation (NASDAQ:FRME)

Dividend History by Quarter for First Merchants Corporation (NASDAQ FRME)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for First Merchants Corporation (NASDAQ:FRME)
Insider Ownership Percentage: 1.41%
Institutional Ownership Percentage: 79.06%
Insider Trades by Quarter for First Merchants Corporation (NASDAQ:FRME)
Institutional Ownership by Quarter for First Merchants Corporation (NASDAQ:FRME)
Insider Trades by Quarter for First Merchants Corporation (NASDAQ:FRME)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/3/2017Patrick A ShermanDirectorBuy12$40.44$485.28View SEC Filing  
6/14/2017Terry L. WalkerDirectorSell1,221$42.30$51,648.30View SEC Filing  
6/1/2017Gary LehmanDirectorBuy41$40.23$1,649.43View SEC Filing  
5/1/2017Gary LehmanDirectorBuy40$41.89$1,675.60View SEC Filing  
4/3/2017Patrick A ShermanDirectorBuy13$38.96$506.48View SEC Filing  
3/21/2017Stephan FluhlerInsiderSell1,800$38.60$69,480.00View SEC Filing  
3/13/2017William L HoyDirectorSell5,657$39.92$225,827.44View SEC Filing  
3/1/2017Patrick A. ShermanDirectorBuy12$41.08$492.96View SEC Filing  
2/1/2017Gary LehmanDirectorBuy6,880$16.23$111,662.40View SEC Filing  
1/3/2017Gary LehmanDirectorBuy44$37.72$1,659.68View SEC Filing  
12/30/2016Patrick A ShermanDirectorBuy13$37.72$490.36View SEC Filing  
12/16/2016Michael J. StewartInsiderSell5,000$36.59$182,950.00View SEC Filing  
12/5/2016John MartinInsiderSell2,565$35.37$90,724.05View SEC Filing  
12/1/2016Gary LehmanDirectorBuy49$34.33$1,682.17View SEC Filing  
11/29/2016Michael C RechinPresidentSell12,713$34.14$434,021.82View SEC Filing  
11/18/2016Mark K. HardwickInsiderSell7,700$33.14$255,178.00View SEC Filing  
11/1/2016Gary LehmanDirectorBuy59$28.25$1,666.75View SEC Filing  
10/3/2016Gary LehmanDirectorBuy63$26.62$1,677.06View SEC Filing  
9/1/2016Gary LehmanDirectorBuy61$27.15$1,656.15View SEC Filing  
8/25/2016Michael J. StewartInsiderSell3,500$27.24$95,340.00View SEC Filing  
8/18/2016John MartinInsiderSell5,000$26.92$134,600.00View SEC Filing  
8/1/2016Gary LehmanDirectorBuy64$26.17$1,674.88View SEC Filing  
6/1/2016Patrick A ShermanDirectorBuy19$25.95$493.05View SEC Filing  
5/13/2016Roderick EnglishDirectorSell2,500$24.90$62,250.00View SEC Filing  
5/2/2016Gary LehmanDirectorBuy65$25.64$1,666.60View SEC Filing  
4/1/2016Gary LehmanDirectorBuy71$23.38$1,659.98View SEC Filing  
4/1/2016Jeffrey B LorentsonSVPBuy15$20.04$300.60View SEC Filing  
4/1/2016Michael J StewartEVPBuy45$20.04$901.80View SEC Filing  
3/23/2016Roderick EnglishDirectorSell1,500$23.29$34,935.00View SEC Filing  
3/1/2016Patrick A. ShermanDirectorBuy22$22.34$491.48View SEC Filing  
2/5/2016Charles E. SchalliolDirectorBuy1,000$22.52$22,520.00View SEC Filing  
2/1/2016Gary LehmanDirectorBuy75$22.26$1,669.50View SEC Filing  
12/31/2015Michael J StewartEVPBuy47$22.38$1,051.86View SEC Filing  
12/14/2015Michael R BecherDirectorBuy150$25.36$3,804.00View SEC Filing  
3/23/2015Kimberly J EllingtonSVPSell1,600$23.62$37,792.00View SEC Filing  
2/27/2015Roderick EnglishDirectorSell3,000$22.73$68,190.00View SEC Filing  
11/13/2014Terry L WalkerDirectorBuy1,000$22.23$22,230.00View SEC Filing  
9/18/2014Charles E SchalliolDirectorBuy1,000$20.22$20,220.00View SEC Filing  
4/29/2014Roderick EnglishDirectorSell4,500$21.31$95,895.00View SEC Filing  
3/13/2014William HoyDirectorSell2,473$21.94$54,257.62View SEC Filing  
12/9/2013Terry WalkerDirectorSell6,125$21.38$130,952.50View SEC Filing  
12/3/2013John MartinSVPSell5,981$20.55$122,909.55View SEC Filing  
9/20/2013Mark HardwickEVPSell2,332$17.24$40,203.68View SEC Filing  
6/21/2013Roderick EnglishDirectorSell2,000$16.79$33,580.00View SEC Filing  
6/20/2013Michael J StewartEVPSell12,300$17.00$209,100.00View SEC Filing  
2/25/2013John MartinSVPSell1,099$14.81$16,276.19View SEC Filing  
2/25/2013Mark K HardwickEVPSell3,280$14.81$48,576.80View SEC Filing  
2/25/2013Michael C RechinPresidentSell4,725$14.81$69,977.25View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for First Merchants Corporation (NASDAQ:FRME)
Latest Headlines for First Merchants Corporation (NASDAQ:FRME)
DateHeadline logoFirst Merchants Corporation Completes its Merger with Independent Alliance Banks, Inc. - July 17 at 10:36 AM logo$78.75 Million in Sales Expected for First Merchants Corporation (NASDAQ:FRME) This Quarter - July 16 at 8:44 AM logo Analysts Expect First Merchants Corporation (FRME) Will Post Earnings of $0.55 Per Share - July 14 at 12:26 PM logoFirst Merchants Corporation to Report Second Quarter 2017 Financial Results, Host Conference Call and Web Cast - July 6 at 8:06 PM logoBidaskClub Upgrades First Merchants Corporation (NASDAQ:FRME) to "Hold" - July 5 at 10:28 PM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bullish Manner : FRME-US : July 4, 2017 - July 5 at 7:22 AM logoFirst Merchants Corporation (NASDAQ:FRME) Rating Increased to Hold at Zacks Investment Research - July 4 at 11:34 PM logoFirst Merchants Corporation (FRME) Lowered to "Hold" at Zacks Investment Research - June 27 at 10:20 PM logoFirst Merchants Corporation (FRME) Receives Consensus Recommendation of "Buy" from Analysts - June 26 at 10:53 AM logoBidaskClub Lowers First Merchants Corporation (FRME) to Sell - June 24 at 7:20 PM logo Brokerages Anticipate First Merchants Corporation (FRME) Will Announce Quarterly Sales of $78.75 Million - June 22 at 11:32 AM logo$0.55 EPS Expected for First Merchants Corporation (FRME) This Quarter - June 20 at 12:30 PM logoETFs with exposure to First Merchants Corp. (Indiana) : June 19, 2017 - June 19 at 6:07 PM logoFirst Merchants Corporation (FRME) Director Sells $51,648.30 in Stock - June 15 at 1:21 PM logoETFs with exposure to First Merchants Corp. (Indiana) : June 9, 2017 - June 9 at 5:44 PM logoFirst Merchants Corp. (Indiana) :FRME-US: Earnings Analysis: Q1, 2017 By the Numbers : June 8, 2017 - June 8 at 6:17 PM logoHead to Head Survey: First Merchants (FRME) & TFS Financial (TFSL) - June 5 at 12:12 AM logoFirst Merchants Co. (FRME) Upgraded at ValuEngine - June 4 at 4:20 PM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bearish Manner : FRME-US : June 1, 2017 - June 1 at 6:02 PM logoFirst Merchants Corp. (Indiana) : FRME-US: Dividend Analysis : June 02nd, 2017 (record date) : By the numbers : June 1, 2017 - June 1 at 6:02 PM logoFirst Merchants Corporation Completes its Merger with The Arlington Bank - May 22 at 11:25 AM logoFirst Merchants Corp. (Indiana) – Value Analysis (NASDAQ:FRME) : May 19, 2017 - May 19 at 5:02 PM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bearish Manner : FRME-US : May 18, 2017 - May 18 at 10:05 AM logoFirst Merchants Co. (FRME) Raised to "Buy" at Zacks Investment Research - May 15 at 11:30 PM logoFirst Merchants Co. (FRME) Downgraded by Zacks Investment Research to Hold - May 12 at 10:06 PM logoZacks: Analysts Anticipate First Merchants Co. (FRME) Will Post Quarterly Sales of $78.75 Million - May 4 at 3:04 PM logoFirst Merchants Co. to Post Q2 2017 Earnings of $0.53 Per Share, FIG Partners Forecasts (FRME) - May 4 at 8:06 AM logoFirst Merchants Co. (FRME) to Post Q1 2018 Earnings of $0.59 Per Share, FIG Partners Forecasts - May 3 at 4:42 PM logoFirst Merchants Co. (FRME) Increases Dividend to $0.18 Per Share - May 2 at 7:36 PM logoZacks: Brokerages Anticipate First Merchants Co. (FRME) to Post $0.56 Earnings Per Share - May 2 at 10:02 AM logoFirst Merchants Co. (FRME) Stock Rating Upgraded by Zacks Investment Research - May 1 at 10:12 PM logoFirst Merchants Co. (FRME) Releases Earnings Results, Beats Expectations By $0.04 EPS - May 1 at 6:48 PM logoFirst Merchants Corporation Raises Its Quarter Cash Dividend 20% to $0.18 Per Share - May 1 at 5:04 PM logoFirst Merchants Co. (FRME) Expected to Post Q2 2017 Earnings of $0.55 Per Share - May 1 at 8:10 AM logoEdited Transcript of FRME earnings conference call or presentation 27-Apr-17 6:30pm GMT - April 29 at 9:43 AM logoSomewhat Favorable Press Coverage Very Unlikely to Impact First Merchants (FRME) Share Price - April 29 at 1:09 AM logoFirst Merchants Corporation Announces 30 Percent Increase in First Quarter 2017 Earnings Per Share - April 27 at 5:51 PM logoFirst Merchants posts 1Q profit - April 27 at 5:51 PM logoInvestor Network: First Merchants Corporation to Host Earnings Call - April 27 at 5:51 PM logoFirst Merchants Co. (FRME) Downgraded by Zacks Investment Research to "Hold" - April 25 at 11:00 PM logoFirst Merchants (FRME) Earning Somewhat Favorable Press Coverage, Study Finds - April 25 at 5:28 PM logoFirst Merchants (FRME) Getting Favorable News Coverage, Analysis Shows - April 21 at 4:10 PM logoFirst Merchants Corp. (Indiana) breached its 50 day moving average in a Bullish Manner : FRME-US : April 21, 2017 - April 21 at 11:40 AM logoFavorable Media Coverage Very Likely to Affect First Merchants (FRME) Share Price - April 17 at 8:45 PM logoFirst Merchants Co. (FRME) Expected to Announce Earnings of $0.52 Per Share - April 11 at 12:20 AM logoFirst Merchants Insiders Trim Holdings in March - April 7 at 9:52 AM logoFirst Merchants Corporation to Report First Quarter 2017 Financial Results, Host Conference Call and Web Cast - April 7 at 9:52 AM logoKeefe, Bruyette & Woods Reiterates "Buy" Rating for First Merchants Co. (FRME) - April 5 at 11:07 PM logoFirst Merchants Co. (FRME) Short Interest Update - March 28 at 8:23 AM logoStephan Fluhler Sells 1,800 Shares of First Merchants Co. (FRME) Stock - March 23 at 4:29 PM



First Merchants Corporation (FRME) Chart for Monday, July, 24, 2017

This page was last updated on 7/24/2017 by Staff