First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services. It operates 119 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company's delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:FRME
CUSIP32081710
Phone765-747-1500
Debt
Debt-to-Equity Ratio0.45
Current Ratio0.93
Quick Ratio0.93
Price-To-Earnings
Trailing P/E Ratio17.90
Forward P/E Ratio13.77
P/E Growth2.03
Sales & Book Value
Annual Sales$385.90 million
Price / Sales5.59
Cash Flow$2.3028 per share
Price / Cash18.89
Book Value$26.51 per share
Price / Book1.64
Profitability
EPS (Most Recent Fiscal Year)$2.41
Net Income$96.07 million
Net Margins28.09%
Return on Equity10.44%
Return on Assets1.45%
Miscellaneous
Employees1,684
Outstanding Shares49,560,000
Market Cap$2.23 billion
First Merchants (NASDAQ:FRME) Frequently Asked Questions
What is First Merchants' stock symbol?
First Merchants trades on the NASDAQ under the ticker symbol "FRME."
How often does First Merchants pay dividends? What is the dividend yield for First Merchants?
First Merchants announced a quarterly dividend on Tuesday, August 14th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.22 per share on Friday, September 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, September 6th. View First Merchants' Dividend History.
How were First Merchants' earnings last quarter?
First Merchants Co. (NASDAQ:FRME) released its earnings results on Wednesday, July, 25th. The bank reported $0.80 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.05. The bank had revenue of $102.76 million for the quarter, compared to analyst estimates of $101.57 million. First Merchants had a net margin of 28.09% and a return on equity of 10.44%. View First Merchants' Earnings History.
When is First Merchants' next earnings date?
What price target have analysts set for FRME?
3 brokerages have issued 12 month price targets for First Merchants' stock. Their forecasts range from $48.00 to $52.00. On average, they expect First Merchants' share price to reach $50.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for First Merchants.
What is the consensus analysts' recommendation for First Merchants?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Merchants in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Merchants.
Who are some of First Merchants' key competitors?
Some companies that are related to First Merchants include Cullen/Frost Bankers (CFR), BOK Financial (BOKF), CIT Group (CIT), PacWest Bancorp (PACW), First Horizon National (FHN), Webster Financial (WBS), Synovus Financial (SNV), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), Akbank T.A.S. (AKBTY), F.N.B. (FNB), TCF Financial (TCF), MB Financial (MBFI), Valley National Bancorp (VLY) and UMB Financial (UMBF).
Who are First Merchants' key executives?
First Merchants' management team includes the folowing people:
- Mr. Michael C. Rechin, Pres, CEO & Director (Age 59)
- Mr. Mark K. Hardwick, Exec. VP, CFO & COO (Age 47)
- Mr. Stephan H. Fluhler, Sr. VP & Chief Information Officer (Age 49)
- Mr. Michael J. Stewart, Exec. VP & Chief Banking Officer (Age 52)
- Ms. Nicole Weaver, Investor Relations
Who are First Merchants' major shareholders?
First Merchants' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Indiana Trust & Investment Management CO (0.01%). Company insiders that own First Merchants stock include Gary Lehman, John Martin, Mark K Hardwick, Michael C Marhenke, Michael C Rechin, Michael J Stewart, Michele Kawiecki, Patrick A Sherman, Stephan Fluhler, Terry L Walker and William L Hoy. View Institutional Ownership Trends for First Merchants.
Which major investors are buying First Merchants stock?
FRME stock was acquired by a variety of institutional investors in the last quarter, including Indiana Trust & Investment Management CO. Company insiders that have bought First Merchants stock in the last two years include Gary Lehman, Michael C Marhenke, Patrick A Sherman and Terry L Walker. View Insider Buying and Selling for First Merchants.
How do I buy shares of First Merchants?
Shares of FRME can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Merchants' stock price today?
One share of FRME stock can currently be purchased for approximately $43.50.
How big of a company is First Merchants?
First Merchants has a market capitalization of $2.23 billion and generates $385.90 million in revenue each year. The bank earns $96.07 million in net income (profit) each year or $2.41 on an earnings per share basis. First Merchants employs 1,684 workers across the globe.
What is First Merchants' official website?
How can I contact First Merchants?
First Merchants' mailing address is 200 EAST JACKSON STREET, MUNCIE IN, 47305. The bank can be reached via phone at 765-747-1500 or via email at [email protected]
MarketBeat Community Rating for First Merchants (NASDAQ FRME)
MarketBeat's community ratings are surveys of what our community members think about First Merchants and other stocks. Vote "Outperform" if you believe FRME will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRME will underperform the S&P 500 over the long term. You may vote once every thirty days.
