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First Merchants (FRME) Stock

Profile

Country:

United States

IPO:

20 June 1989

Indexes:

Not included

Description:

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.

Key Details

Price

$43.96

TTM Dividend Yield

3.14%(-27.15% YoY)

Annual Revenue

$651.00 M(+3.64% YoY)

Annual EPS

$3.73(-2.10% YoY)

PE Ratio

14.51(+100.14% YoY)

Beta

1.22

Events Calendar

Earnings

Next earnings date:

Jan 24, 2025

Recent quarterly earnings:

Oct 24, 2024

Recent annual earnings:

Jan 25, 2024
Dividend

Next ex-dividend date:

Dec 06, 2024

Recent ex-dividend date:

Sept 06, 2024
Splits

Next split:

N/A

Recent split:

Aug 27, 2003

Analyst ratings

Recent major analysts updates

28 Oct '24 Piper Sandler
Overweight
28 Aug '24 Keefe, Bruyette & Woods
Outperform
29 July '24 Piper Sandler
Overweight
29 July '24 Keefe, Bruyette & Woods
Outperform
26 July '24 Stephens & Co.
Overweight
29 Apr '24 Piper Sandler
Overweight
29 Jan '24 Raymond James
Outperform
30 Oct '23 Raymond James
Outperform
30 Oct '23 Piper Sandler
Overweight
27 July '23 Raymond James
Outperform

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Institutional Ownership

First Merchants Corporation Announces Cash Dividend
First Merchants Corporation Announces Cash Dividend
First Merchants Corporation Announces Cash Dividend
FRME
globenewswire.com13 November 2024

MUNCIE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 12, 2024 of $0.35 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is December 5, 2024.

First Merchants Corporation (FRME) Q3 2024 Earnings Call Transcript
First Merchants Corporation (FRME) Q3 2024 Earnings Call Transcript
First Merchants Corporation (FRME) Q3 2024 Earnings Call Transcript
FRME
seekingalpha.com24 October 2024

First Merchants Corporation (NASDAQ:FRME ) Q3 2024 Earnings Conference Call October 24, 2024 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Daniel Tamayo - Raymond James Brendan Nosal - Hovde Group Brian Martin - Janney Operator Welcome to the First Merchants Corporation Third Quarter 2024 Earnings Conference Call. Before we begin, management would like to remind you that today's call contains forward looking statements with respect to the future performance and financial condition of First Merchants Corporation that involves risks and uncertainties.

First Merchants (FRME) Tops Q3 Earnings Estimates
First Merchants (FRME) Tops Q3 Earnings Estimates
First Merchants (FRME) Tops Q3 Earnings Estimates
FRME
zacks.com24 October 2024

First Merchants (FRME) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.94 per share a year ago.

First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
FRME
zacks.com24 October 2024

The headline numbers for First Merchants (FRME) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast
First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast
First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast
FRME
globenewswire.com03 October 2024

MUNCIE, Ind., Oct. 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2024 financial results on October 24, 2024. The Corporation will host a third quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 24, 2024.

All You Need to Know About First Merchants (FRME) Rating Upgrade to Buy
All You Need to Know About First Merchants (FRME) Rating Upgrade to Buy
All You Need to Know About First Merchants (FRME) Rating Upgrade to Buy
FRME
zacks.com30 September 2024

First Merchants (FRME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year
First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year
First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year
FRME
seekingalpha.com18 September 2024

The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I'm expecting earnings to recover next year after falling in 2024.

First Merchants Corporation Announces Cash Dividend
First Merchants Corporation Announces Cash Dividend
First Merchants Corporation Announces Cash Dividend
FRME
globenewswire.com19 August 2024

MUNCIE, Ind., Aug. 19, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is September 5, 2024.

What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?
What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?
What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?
FRME
zacks.com30 July 2024

Does First Merchants (FRME) have what it takes to be a top stock pick for momentum investors? Let's find out.

First Merchants (FRME) Q2 Earnings Miss Estimates
First Merchants (FRME) Q2 Earnings Miss Estimates
First Merchants (FRME) Q2 Earnings Miss Estimates
FRME
zacks.com25 July 2024

First Merchants (FRME) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago.

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FAQ

  • What is the primary business of First Merchants?
  • What is the ticker symbol for First Merchants?
  • Does First Merchants pay dividends?
  • What sector is First Merchants in?
  • What industry is First Merchants in?
  • What country is First Merchants based in?
  • When did First Merchants go public?
  • Is First Merchants in the S&P 500?
  • Is First Merchants in the NASDAQ 100?
  • Is First Merchants in the Dow Jones?
  • When was First Merchants's last earnings report?
  • When does First Merchants report earnings?
  • Should I buy First Merchants stock now?

What is the primary business of 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 is the ticker symbol for First Merchants?

The ticker symbol for First Merchants is NASDAQ:FRME

Does First Merchants pay dividends?

Yes, First Merchants pays dividends. The last payment was $0.35, with an ex-dividend date on 06 September 2024

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 based in?

First Merchants is headquartered in United States

When did First Merchants go public?

First Merchants's initial public offering (IPO) was on 20 June 1989

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 was First Merchants's last earnings report?

First Merchants's most recent earnings report was on 24 October 2024

When does First Merchants report earnings?

The next expected earnings date for First Merchants is 24 January 2025

Should I buy First Merchants stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions