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.
First Merchants Corporation (NASDAQ: FRME) is set to report its first quarter 2022 financial results on April 26, 2022. A conference call will be held at 2:30 p.m. (ET) on the same day for investors and analysts to discuss the results. Participants can join the call using Toll-Free number 877-806-2932 or +1 478-219-0639 for international callers. The earnings presentation will be accessible via a webcast with slides available for viewing. A replay will be available until April 26, 2023.
First Merchants Corporation (NASDAQ: FRME) has completed its merger with Level One Bancorp, LLC (NASDAQ: LEVL) on April 1, 2022, following regulatory approvals. The deal, involving a cash/stock transaction, expands First Merchants’ footprint in Michigan, with Level One Bank's 17 locations now under First Merchants' management. With combined total assets of approximately $18 billion, First Merchants retains its status as Indiana's second-largest financial holding company. The merger is anticipated to enhance customer service and community engagement.
First Merchants Corporation has declared a cash dividend of $0.29 per share on February 8, 2022. This dividend is set for payment on March 18, 2022, to shareholders recorded as of March 4, 2022. For trading purposes, the ex-date is March 3, 2022. This announcement reinforces the company’s commitment to returning value to its shareholders.
First Merchants Corporation (NASDAQ - FRME) reported a fourth quarter 2021 net income of $47.7 million, up from $45.1 million year-over-year. Full-year net income reached $205.5 million, compared to $148.6 million in 2020. Earnings per share for the fourth quarter was $.89, increasing from $.83 in 2020, with full-year earnings at $3.81 versus $2.74. Total assets were $15.5 billion, with loans at $9.3 billion. The bank's investments increased by 43.8% to $4.5 billion, while total deposits grew 12.1% to $12.7 billion.
First Merchants Corporation (NASDAQ:FRME) will announce its fourth quarter 2021 financial results on January 27, 2022. An earnings conference call is scheduled for the same day at 2:30 p.m. ET, where participants can dial in using specific toll-free numbers. The call will also feature a webcast accessible through the company's website. A replay of the webcast will be available until January 27, 2023. First Merchants Corporation is headquartered in Muncie, Indiana, and operates First Merchants Bank and First Merchants Private Wealth Advisors.
First Merchants Corporation has declared a cash dividend of $0.29 per share on November 9, 2021, with a payment date set for December 17, 2021. Shareholders on record as of December 3, 2021 will be eligible, and the ex-date for the dividend is December 2, 2021. The company operates as a financial holding entity in Muncie, Indiana, primarily through First Merchants Bank and First Merchants Private Wealth Advisors. Its common stock trades on NASDAQ under the symbol FRME.
First Merchants Corporation (Nasdaq: FRME) announced a merger agreement with Level One Bancorp, Inc. (Nasdaq: LEVL) valued at approximately $323.5 million. This stock and cash transaction offers LEVL shareholders 0.7167 shares of First Merchants stock and $10.17 in cash per share, translating to an implied value of $41.35 per LEVL share. The merger is expected to enhance First Merchants' earnings by 10.4% in 2023 and will combine assets to total approximately $17.6 billion, making First Merchants the second largest financial holding company in Indiana.
First Merchants Corporation (NASDAQ: FRME) reported Q3 2021 net income of $52.8 million, a 45.7% increase from $36.2 million in Q3 2020. Earnings per share rose to $0.98, up from $0.67. Year-to-date net income reached $157.8 million, a 52.5% increase, with earnings per share of $2.92 compared to $1.91 last year. Total assets stood at $15.1 billion, and loans totaled $9.0 billion, reflecting organic growth of 6% offset by PPP loan forgiveness. Deposits increased by 13.2% year-on-year to $12.3 billion, with a net interest margin of 3.20%.
First Merchants Corporation (FRME) will announce its third quarter 2021 financial results on October 26, 2021. A conference call is scheduled for 2:30 p.m. ET on the same day, allowing participants to dial (Toll Free) 877-507-0578. The call will also be accessible via a webcast, with replay options available for those unable to join live. The Corporation operates as a financial holding company based in Muncie, Indiana, and its stock is traded on the NASDAQ Global Select Market.
First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.29 per share on August 10, 2021. This dividend is set to be paid on September 17, 2021, to shareholders on record as of September 3, 2021. The ex-dividend date is September 2, 2021, indicating when new shareholders would not be entitled to this payment. First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ Global Select Market.
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