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 Corporation (NASDAQ: FRME), a leading provider of community banking and wealth management services across the Midwest, maintains this dedicated news hub for stakeholders. Access timely updates on financial performance, strategic initiatives, and operational developments from one centralized source.
This resource serves investors and business partners seeking to track FRME's progress in consumer banking, mortgage services, and regional market expansion. Find curated press releases covering earnings announcements, leadership updates, and community-focused initiatives that reflect the company's commitment to local economies.
Regular updates include details on financial product innovations, branch network developments, and wealth management service enhancements. All content undergoes rigorous verification to ensure alignment with regulatory standards and factual accuracy.
Bookmark this page for streamlined access to First Merchants' official communications. Combine these updates with the company filings and market data available through Stock Titan for comprehensive financial analysis.
First Merchants Corporation (NASDAQ - FRME) reported a strong performance for Q1 2021, with net income of $49.5 million, up from $34.3 million the previous year. Earnings per share increased by 47% to $.91. Total assets reached $14.6 billion, with loans at $9.3 billion, boosted by $742 million in Paycheck Protection Program loans. Deposits rose by 21.1% to $12.0 billion. However, non-interest income decreased by $5.7 million. The return on assets was 1.39%, with a net interest margin of 3.23%.
First Merchants Corporation (NASDAQ: FRME) will announce its first quarter 2021 financial results on April 22, 2021. Following this, a conference call will take place at 2:30 p.m. ET to discuss the results. Participants can join by calling 877-507-0578 for US callers or +1 412-317-1073 for international callers. A replay of the call will be available, and the webcast can be accessed through a provided link. The replay will remain available until April 22, 2022.
First Merchants Corporation announces the election of Susan Brooks and Mark Hardwick to its Board of Directors. Brooks, a former U.S. Congress member, and Hardwick, the current CEO, will stand for election at the Annual Shareholder Meeting in May 2021. Hardwick has extensive experience, having joined the company in 1997 and ascended through various leadership roles. Brooks brings congressional experience and a strong background in economic development and legislation. These appointments aim to enhance the company's commitment to community financial wellness and operational excellence.
On February 9, 2021, First Merchants Corporation announced a cash dividend of $0.26 per share, scheduled for payout on March 19, 2021. Shareholders on record as of March 5, 2021 will receive the dividend, with the ex-date set for March 4, 2021. Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ under the symbol FRME.
First Merchants Corporation (NASDAQ - FRME) reported a Q4 2020 net income of $45.1 million, down from $47.8 million year-over-year. Earnings per share declined to $.83 from $.87. For the full year, net income was $148.6 million, down from $164.5 million, with EPS at $2.74 compared to $3.19 in 2019. Total assets reached $14.1 billion, with loans rising by 9.2%, largely fueled by PPP loans. Deposits increased by 15.5% to $11.4 billion. Despite challenges, management anticipates momentum growth in 2021 as operations normalize.
First Merchants Corporation (FRME) will announce its fourth quarter 2020 financial results on January 28, 2021. The earnings conference call will take place at 2:30 p.m. (ET) on the same day. Participants can join the call by dialing the toll-free number 877-507-0578, while international participants can reach +1 412-317-1073. A replay of the call will be accessible to U.S. participants via toll-free 877-344-7529 and international participants at +1 412-317-0088, using the access code 10150572. Webcast details are available on their website.
First Merchants Corporation (NASDAQ - FRME) announced its acquisition of Hoosier Trust Company, a firm managing $300 million in assets, enhancing its private wealth services. The acquisition aims to strengthen First Merchants' service capabilities in Central Indiana, leveraging Hoosier Trust's expertise and established client relationships. With this move, First Merchants, which manages over $4 billion in assets through its Private Wealth Advisors division, seeks to provide comprehensive financial solutions to clients while expanding its market presence in the Midwest.
First Merchants Corporation (NASDAQ: FRME) has declared a cash dividend of $0.26 per share on November 6, 2020. This dividend is scheduled for payment on December 18, 2020, to shareholders on record as of December 4, 2020. The ex-dividend date is set for December 3, 2020. First Merchants Corporation is a financial holding company based in Muncie, Indiana, and operates First Merchants Bank, along with its private wealth advisory division.
First Merchants Corporation (NASDAQ - FRME) reported a third-quarter 2020 net income of $36.2 million, down from $36.8 million year-over-year. Earnings per share were $0.67, compared to $0.71 in Q3 2019. Year-to-date net income totaled $103.5 million, a decline from $116.6 million in the prior year. Total assets reached $13.7 billion, with loans increasing by 11.3% to $9.2 billion, largely due to $901 million in Payroll Protection Program loans. Deposits rose 11.7% to $10.9 billion. The allowance for loan losses increased to $126.7 million, reflecting heightened credit risk from the COVID-19 pandemic.
First Merchants Corporation (NASDAQ:FRME) is scheduled to report its third quarter 2020 financial results on October 28, 2020. Following the announcement, the corporation will host an earnings conference call and webcast at 2:30 p.m. ET. Participants can join by dialing 877-507-0578 (Toll-Free) or +1 412-317-1073 for international calls. A replay will be accessible until October 28, 2021, and details for accessing the webcast are available on their website.
