First Merchants

FRME

Market cap $2.3B

Overview Fund Activity

39.85 USD

+0.40

1.01%

At close Updated Sep 17, 4:00 PM EDT

Pre-market

After hours

39.85

0.00

0%

1 day

1.01%

5 days

-1.14%

1 month

2.26%

3 months

12.67%

6 months

-2.04%

Year to date

1.94%

1 year

6.84%

5 years

65.56%

10 years

55.36%

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: 2,120

Financials Banks - Regional

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

37% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 27

2% more funds holding

Funds holding: 270 [Q1] → 275 (+5) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 86

0.13% more ownership

Funds ownership: 75.61% [Q1] → 75.74% (+0.13%) [Q2]

5% less capital invested

Capital invested by funds: $1.79B [Q1] → $1.69B (-$98M) [Q2]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

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Research analyst outlook

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

Low target

$48

20% upside

Avg. target

$48

20% upside

High target

$48

20% upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Piper Sandler

Nathan Race

$48

Overweight

Maintained

28 Jul 2025

See Analyst Rankings

Financial journalist opinion

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 15, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 15, 2025 of $0.36 per common share. The dividend is payable on September 19, 2025, to common shareholders of record as of September 5, 2025.

First Merchants Corporation Announces Cash Dividend

First Merchants: Attractively Valued With A Positive Earnings Outlook

Robust loan pipelines and a prospective shift in the asset mix will likely drive earnings. A tariff-driven economic slowdown in FRME's markets will likely drag profits. I've raised my EPS estimate to $3.90 from my previous estimate of $3.60 because the efficiency ratio has been better than expected.

First Merchants: Attractively Valued With A Positive Earnings Outlook

First Merchants Corporation (FRME) Q2 2025 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME ) Q2 2025 Earnings Conference Call July 24, 2025 9:00 AM ET Company Participants Mark Hardwick - CEO & Director Michael Stewart - President Michele Kawiecki - Executive VP, CFO & Principal Accounting Officer John Martin - Executive VP & Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James & Associates, Inc., Research Division Terence McEvoy - Stephens Inc., Research Division Brendan Nosal - Hovde Group, LLC, Research Division Nathan Race - Piper Sandler & Co., Research Division Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Brian Martin - Janney Montgomery Scott LLC, Research Division Operator Thank you for standing by, and welcome to the First Merchants Corporation Second Quarter 2025 Earnings Conference Call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to future performance and financial condition of First Merchants Corporation that involve risks and uncertainties.

First Merchants Corporation (FRME) Q2 2025 Earnings Call Transcript

Zacks Investment Research

First Merchants (FRME) Surpasses Q2 Earnings Estimates

First Merchants (FRME) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.68 per share a year ago.

First Merchants (FRME) Surpasses Q2 Earnings Estimates

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

MUNCIE, Ind., July 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 August 15, 2025, to stockholders of record on July 30, 2025.

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

First Merchants Corporation to Report Second Quarter 2025 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., June 30, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will release second quarter 2025 financial results on July 23, 2025. The Corporation will host a second quarter 2025 earnings conference call and webcast at 9:00 a.m. (ET) on Thursday, July 24, 2025.

First Merchants Corporation to Report Second Quarter 2025 Financial Results, Host Conference Call and Webcast

First Merchants Corporation Announces Changed Ex-Dividend Date for Previously Announced Dividend

MUNCIE, Ind., May 21, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) has amended the ex-dividend date for its recently declared cash dividend of $0.36 from June 5, 2025, to June 6, 2025. The payment date for the quarterly dividend will remain as June 20, 2025, as previously announced on May 16, 2025.

First Merchants Corporation Announces Changed Ex-Dividend Date for Previously Announced Dividend

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., May 16, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 16, 2025 of $0.36 per share. The dividend is payable on June 20, 2025, to common shareholders of record as of June 6, 2025. For purposes of broker trading, the ex-date of the cash dividend is June 5, 2025.

First Merchants Corporation Announces Cash Dividend

First Merchants Corporation: Downgrading After A Good Run

First Merchants Corporation has seen a 27.5% increase in shares since my 'buy' rating in June 2024, outperforming the S&P 500's 7% rise. Despite growth in key balance sheet areas, recent financial performance has been mixed, with revenue and profit volatility prompting a downgrade to 'hold'. The bank's loan portfolio is diversified, but a high proportion of variable-rate loans could impact income negatively if interest rates drop.

First Merchants Corporation: Downgrading After A Good Run

First Merchants Corporation: Why The Market Still Doesn't Trust This Bank

First Merchants' current valuation is fair, with a solid 3.57% dividend yield, but limited capital gain potential and historical dividend growth concerns. FRME's deposits are sound but exhibit slow growth, with 30.40% being uninsured, posing a potential risk during economic downturns or panics. The bank's securities portfolio has significant unrealized losses, amounting to 23% of equity, necessitating a wait for maturity to avoid substantial equity deterioration.

First Merchants Corporation: Why The Market Still Doesn't Trust This Bank

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