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First Merchants Corp - FRME STOCK NEWS

Welcome to our dedicated page for First Merchants news (Ticker: FRME), a resource for investors and traders seeking the latest updates and insights on First Merchants stock.

First Merchants Corp (NASDAQ: FRME) is a leading financial services holding company headquartered in central Indiana. With over 100 banking locations spread across 27 counties in Indiana and additional branches in Illinois and Ohio, the company delivers comprehensive financial services to its customers. These services include personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance.

First Merchants Corp operates through its various subsidiaries including First Merchants Bank, Lafayette Bank & Trust, and First Merchants Private Wealth Advisors, one of Indiana's largest wealth management companies. The company's mission centers on building deep, lifelong client relationships and providing maximum shareholder value.

As of the latest financial reports, First Merchants Corp reported strong performance metrics. For the fourth quarter of 2023, the corporation's net income available to common stockholders was $42.0 million, with total assets amounting to $18.3 billion. The company demonstrated robust loan and deposit growth, with total loans and deposits reaching $12.5 billion and $14.8 billion, respectively.

Recent achievements include significant improvements in the bank's liquidity position and a substantial increase in tangible common equity. The corporation has also launched major technology initiatives, enhancing its online and mobile banking platforms and deploying an advanced Private Wealth platform.

First Merchants Corp maintains a strong capital position with a total risk-based capital ratio of 13.67%, ensuring stability and growth. The company continues to focus on meeting the demands of its customer base, managing the inflationary interest rate environment, and planning for sustained growth in the future.

For more information, visit the official website at First Merchants Corp.

News

First Merchants Corporation Announces Cash Dividend

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First Merchants announced a cash dividend of $0.35 per share payable on June 21, 2024, with an ex-date of June 6, 2024. The company is a financial holding company with one full-service bank charter, First Merchants Bank, traded on NASDAQ under FRME.

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First Merchants Corporation Announces First Quarter 2024 Earnings Per Share

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First Merchants reported a net income of $47.5 million for the first quarter of 2024, with diluted earnings per common share at $0.80. The saw a decline in total loans but an increase in total deposits. Non-core charges impacted earnings, with strong capital and liquidity positions. Despite some challenges, the demonstrated stability and growth in key financial metrics.
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First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

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First Merchants declares a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP). The dividend will be payable on May 15, 2024, to stockholders of record on April 30, 2024.
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First Merchants Corporation to Report First Quarter 2024 Financial Results, Host Conference Call and Webcast

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First Merchants (FRME) will announce its first quarter 2024 financial results on April 25, 2024, followed by an earnings conference call and webcast. Participants can register for the call and access the webcast for detailed insights.
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First Merchants Corporation Announces Cash Dividend

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First Merchants Corporation announced a cash dividend of $0.34 per share, payable on March 15, 2024, to shareholders of record as of March 1, 2024. The ex-date of the cash dividend is February 29, 2024.
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First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share

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First Merchants Corporation (NASDAQ - FRME) reported a net income available to common stockholders of $42.0 million and diluted earnings per common share of $0.71 in the fourth quarter of 2023. The corporation incurred $12.7 million of one-time charges during the quarter. Total loans grew by $202.6 million, or 6.6 percent annualized on a linked quarter basis, and $608.6 million, or 5.1 percent during the last twelve months. Total deposits increased by $174.9 million, or 4.8 percent annualized on a linked quarter basis, and $438.7 million, or 3.1 percent during the last twelve months. The efficiency ratio totaled 63.26 percent for the quarter and 55.56% excluding one-time charges. The corporation's total risk-based capital ratio equaled 13.67 percent, common equity tier 1 capital ratio equaled 11.35 percent, and the tangible common equity ratio totaled 8.44 percent.
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First Merchants Bank Announces Plans to Expand in Detroit, Bringing Financial Services to Fitzgerald

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First Merchants Bank of Muncie announces plans for a new branch in the Fitzgerald neighborhood, offering essential banking products and services to the community. The bank aims to support economic development and expand its reach, ensuring fair banking access. The new branch will provide convenient access to banking products, community lending, and financial wellness workshops, emphasizing the commitment to serving the community.
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First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

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First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on February 15, 2024, to stockholders of record on January 31, 2024.
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First Merchants Corporation to Report Fourth Quarter 2023 Financial Results, Host Conference Call and Webcast

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First Merchants Corporation (FRME) will report fourth quarter 2023 financial results on January 25, 2024. The Corporation will host a fourth quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 25, 2024. Participants can access the call and webcast via the provided links. A replay of the webcast will be available until January 25, 2025.
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First Merchants Corporation Announces Cash Dividend

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First Merchants Corporation (FMC) Declares $0.34 Per Share Cash Dividend
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FAQ

What is the current stock price of First Merchants (FRME)?

The current stock price of First Merchants (FRME) is $40.89 as of December 20, 2024.

What is the market cap of First Merchants (FRME)?

The market cap of First Merchants (FRME) is approximately 2.4B.

What services does First Merchants Corp offer?

First Merchants Corp provides personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance.

Where is First Merchants Corp headquartered?

First Merchants Corp is headquartered in central Indiana.

How many banking locations does First Merchants Corp have?

First Merchants Corp operates over 100 banking locations across 27 counties in Indiana, as well as branches in Illinois and Ohio.

What were the key financial results for First Merchants Corp in the fourth quarter of 2023?

In the fourth quarter of 2023, First Merchants Corp reported a net income of $42.0 million, total assets of $18.3 billion, total loans of $12.5 billion, and total deposits of $14.8 billion.

What are some recent achievements of First Merchants Corp?

Recent achievements include significant improvements in the bank's liquidity, a substantial increase in tangible common equity, and the launch of major technology initiatives.

Who are the subsidiaries of First Merchants Corp?

The subsidiaries include First Merchants Bank, Lafayette Bank & Trust, and First Merchants Private Wealth Advisors.

What is the focus of First Merchants Corp's wealth management division?

First Merchants Private Wealth Advisors focus on providing tailored wealth management services and is one of the largest wealth management companies in Indiana.

What is the total risk-based capital ratio of First Merchants Corp?

As of the latest report, the total risk-based capital ratio is 13.67%.

How can I contact First Merchants Corp for more information?

You can contact Nicole M. Weaver, Vice President and Director of Corporate Administration, at 765-521-7619 or visit the official website at www.firstmerchants.com.

Has First Merchants Corp implemented any technology upgrades?

Yes, the company has deployed major technology initiatives including upgrades to in-branch account opening, consumer online and mobile platforms, and a new Private Wealth platform.

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First Merchants Corp

Nasdaq:FRME

FRME Rankings

#1835 Ranked by Market Cap
#938 Ranked by Dividends

FRME Stock Data

2.40B
57.74M
1.56%
75.17%
0.96%
Banks - Regional
National Commercial Banks
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United States of America
MUNCIE