FRME icon

First Merchants

44.78 USD
-0.47
1.04%
Updated Feb 7, 12:24 PM EST
1 day
-1.04%
5 days
1.34%
1 month
15.71%
3 months
4.87%
6 months
26.39%
Year to date
14.56%
1 year
33.08%
5 years
7.96%
10 years
97.62%
 

About: First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.

Employees: 2,162

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

72% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 18

24% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 70

12% more capital invested

Capital invested by funds: $1.44B [Q2] → $1.61B (+$169M) [Q3]

5% more funds holding

Funds holding: 228 [Q2] → 240 (+12) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

0.14% less ownership

Funds ownership: 74.42% [Q2] → 74.28% (-0.14%) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$50
12%
upside
Avg. target
$52
17%
upside
High target
$55
23%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
Keefe, Bruyette & Woods
Damon Delmonte
70% 1-year accuracy
19 / 27 met price target
16%upside
$52
Outperform
Maintained
31 Jan 2025
Raymond James
Daniel Tamayo
57% 1-year accuracy
8 / 14 met price target
12%upside
$50
Outperform
Reiterated
31 Jan 2025
Piper Sandler
Nathan Race
69% 1-year accuracy
18 / 26 met price target
23%upside
$55
Overweight
Reiterated
31 Jan 2025

Financial journalist opinion

Based on 9 articles about FRME published over the past 30 days

Positive
Zacks Investment Research
6 days ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?
Are You Looking for a High-Growth Dividend Stock?
Neutral
Seeking Alpha
1 week ago
First Merchants Corporation (FRME) Q4 2024 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q4 2024 Earnings Conference Call January 30, 2025 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 Brendan Nosal - Hovde Group Terry McEvoy - Stephens Damon DelMonte - KBW Nathan Race - Piper Sandler Daniel Tamayo - Raymond James Operator Thank you for standing by and welcome to the First Merchants Corporation's Fourth 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 of financial condition of First Merchants Corporation that involve risks and uncertainties.
First Merchants Corporation (FRME) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 week ago
First Merchants (FRME) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for First Merchants (FRME) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
First Merchants (FRME) Reports Q4 Earnings: What Key Metrics Have to Say
Positive
Zacks Investment Research
1 week ago
First Merchants (FRME) Q4 Earnings and Revenues Beat Estimates
First Merchants (FRME) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.87 per share a year ago.
First Merchants (FRME) Q4 Earnings and Revenues Beat Estimates
Neutral
GlobeNewsWire
1 week ago
First Merchants Corporation Announces Fourth Quarter 2024 Earnings Per Share
MUNCIE, Ind., Jan. 30, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Fourth Quarter 2024 Highlights: Net income available to common stockholders was $63.9 million and diluted earnings per common share totaled $1.10, compared to $48.7 million and $0.84 in the third quarter of 2024, and $42.0 million and $0.71 in the fourth quarter of 2023.
First Merchants Corporation Announces Fourth Quarter 2024 Earnings Per Share
Positive
Seeking Alpha
2 weeks ago
First Merchants Corporation: Earnings To Grow Thanks To Deposit Repricing, Strong Pipelines
The margin will continue to expand because (i) deposits will re-price downwards, and (ii) proceeds from maturing securities will get rolled over into higher-yielding securities. Strong pipelines indicate that loan growth can remain healthy in the near term. I'm expecting the EPS to grow to $3.60 in 2025.
First Merchants Corporation: Earnings To Grow Thanks To Deposit Repricing, Strong Pipelines
Positive
Zacks Investment Research
2 weeks ago
First Merchants (FRME) Upgraded to Buy: Here's What You Should Know
First Merchants (FRME) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
First Merchants (FRME) Upgraded to Buy: Here's What You Should Know
Neutral
GlobeNewsWire
3 weeks ago
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., Jan. 15, 2025 (GLOBE NEWSWIRE) -- 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, 2025, to stockholders of record on January 31, 2025.
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
Neutral
GlobeNewsWire
4 weeks ago
First Merchants Corporation to Report Fourth Quarter 2024 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Jan. 09, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2024 financial results on January 30, 2025. The Corporation will host a fourth quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 30, 2025.
First Merchants Corporation to Report Fourth Quarter 2024 Financial Results, Host Conference Call and Webcast
Neutral
GlobeNewsWire
2 months ago
First Merchants Corporation Announces Cash Dividend
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 Announces Cash Dividend
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