Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
20 June 1989Website:
http://www.firstmerchants.comNext earnings report:
25 July 2024Last dividends:
07 June 2024Next dividends:
N/APrice
regular market | 13 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
FRME Latest News
MUNCIE, Ind., July 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2024 financial results on July 25, 2024. The Corporation will host a second quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, July 25, 2024.
Although the financial results for First Merchants (FRME) in the quarter ending March 2024 provide an overview of the company's performance, it may be beneficial to analyze how certain important metrics measure up against analyst expectations and previous year's figures.
First Merchants (FRME) reported quarterly earnings of $0.85 per share, surpassing the Zacks Consensus Estimate of $0.82 per share. This is lower than the earnings of $1.07 per share from the same quarter last year.
While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Besides Wall Street's top -and-bottom-line estimates for First Merchants (FRME), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
First Merchants (FRME) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
First Merchants Corporation (NASDAQ:FRME ) Q3 2023 Earnings Conference Call October 26, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stevens Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Operator Thank you for standing by. Welcome to the First Merchants Corporation Third Quarter 2023 Earnings Conference Call.
First Merchants (FRME) came out with quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.12 per share a year ago.
First Merchants' financial performance in the second quarter showed improvement in net interest income and decreased non-interest expenses. The bank's ability to cover preferred dividends is strong, with less than 1% of net profit needed to cover the payments. The preferred shares have a small issue size and low dividend requirements, making a call in 2025 more likely.
First Merchants Corporation (NASDAQ:FRME ) Q2 2023 Earnings Conference Call July 25, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Ben Gerlinger - Hovde Group Nathan Race - Piper Sandler Daniel Tamayo - Raymond James Terry McEvoy - Stephens Inc Brian Martin - Janney Damon DelMonte - KBW Operator Good day, and thank you for standing by. Welcome to the First Merchants Corporation Second Quarter 2023 Earnings.
What type of business is First Merchants?
First Merchants Corporation is a financial holding company. The company includes banking branches in Indiana, Ohio, Michigan, and Illinois, as well as electronic and mobile delivery channels. The bank offers a range of financial services, including accepting deposits and deposits, providing consumer, commercial, agricultural, and mortgage real estate loans, providing personal and corporate trust services, brokerage services and private capital management, providing letters of credit, repurchase agreements, and other corporate services. First Merchants Corporation was founded in 1893, with its headquarters located in Muncie, Indiana.
What sector is First Merchants in?
First Merchants is in the Financial Services sector
What industry is First Merchants in?
First Merchants is in the Banks - Regional industry
What country is First Merchants from?
First Merchants is headquartered in United States
When did First Merchants go public?
First Merchants initial public offering (IPO) was on 20 June 1989
What is First Merchants website?
https://www.firstmerchants.com
Is First Merchants in the S&P 500?
No, First Merchants is not included in the S&P 500 index
Is First Merchants in the NASDAQ 100?
No, First Merchants is not included in the NASDAQ 100 index
Is First Merchants in the Dow Jones?
No, First Merchants is not included in the Dow Jones index
When does First Merchants report earnings?
The next expected earnings date for First Merchants is 25 July 2024