Stock FRME FIRST MERCHANTS CORPORATION
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Company First Merchants Corporation

Equities

FRME

US3208171096

Banks

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
34.13 USD -0.96% Intraday chart for First Merchants Corporation +0.18% -7.96%
Apr. 25 Transcript : First Merchants Corporation, Q1 2024 Earnings Call, Apr 25, 2024
Apr. 25 Earnings Flash (FRME) FIRST MERCHANTS CORPORATION Posts Q1 Adjusted EPS $0.85 MT

Business Summary

First Merchants Corporation is a financial holding company. The Company conducts banking activities through its wholly owned subsidiary, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of financial services, including accepting time, savings, and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; offering full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services. The Company operates through a community banking segment. The Bank includes 116 banking locations in Indiana, Ohio, Michigan, and Illinois. In addition to its branch network, the Company offers comprehensive electronic and mobile delivery channels to its customers.

Number of employees: 2,162

Sales per Business

USD in Million2022Weight2023Weight Delta
Community Banking
100.0 %
628 100.0 % 651 100.0 % +3.64%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
628 100.0 % 651 100.0 % +3.64%

Managers

Managers TitleAgeSince
Mark Hardwick CEO
 Chief Executive Officer 53 97-10-31
Michele Kawiecki DFI
 Director of Finance/CFO 51 15-02-28
Michael Stewart PSD
 President 58 08-01-28
Nicole Weaver ADM
 Chief Administrative Officer - -
Marcos Nogués CIO
 Chief Investment Officer - 21-11-03
Michael Rechin BRD
 Director/Board Member 65 04-12-31
Chad Kimball PRN
 Corporate Officer/Principal 48 21-07-31
Steven Harris HRO
 Human Resources Officer 60 16-02-29
Stephan Fluhler PRN
 Corporate Officer/Principal 55 03-11-30
Brian T. Hunt LAW
 General Counsel 64 -

Members of the board

Members of the board TitleAgeSince
Mark Hardwick CEO
 Chief Executive Officer 53 97-10-31
Charles Schalliol CHM
 Chairman 76 03-12-31
Jean Wojtowicz BRD
 Director/Board Member 66 03-12-31
Gary Lehman BRD
 Director/Board Member 71 11-05-02
Michael Rechin BRD
 Director/Board Member 65 04-12-31
Patrick Fehring BRD
 Director/Board Member 66 22-05-09
Michael Becher BRD
 Director/Board Member 70 12-06-05
Fred Halderman BRD
 Director/Board Member 57 13-11-21
Michael Fisher BRD
 Director/Board Member 54 17-02-09
Clark Kellogg BRD
 Director/Board Member 63 19-08-07

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 10,000 0 0 98.52 %
Stock B 1 58,564,819 57,706,377 ( 98.53 %) 0
Stock C 0 125 0 0

Shareholders

NameEquities%Valuation
The Vanguard Group, Inc.
11.08 %
6,571,539 11.08 % 229 M $
Vanguard Fiduciary Trust Co.
11.08 %
6,571,539 11.08 % 229 M $
BlackRock Advisors LLC
8.273 %
4,904,831 8.273 % 171 M $
Dimensional Fund Advisors LP
5.186 %
3,074,411 5.186 % 107 M $
Dimensional Fund Advisors LP
5.186 %
3,074,407 5.186 % 107 M $
EARNEST Partners LLC
4.512 %
2,674,803 4.512 % 93 M $
STATE STREET CORPORATION
2.965 %
1,758,058 2.965 % 61 M $
Cardinal Capital Management LLC
2.638 %
1,564,112 2.638 % 55 M $
Geode Capital Management LLC
2.238 %
1,326,503 2.238 % 46 M $
American Century Cos., Inc.
2.089 %
1,238,555 2.089 % 43 M $
NameEquities%Valuation
Angel Oak Capital Advisors LLC
6.000 %
60,000 6.000 % 2 M $

Company contact information

First Merchants Corp. (Indiana)

200 East Jackson Street

47305-2814, Muncie

+765 747 1500

http://www.firstmerchants.com
address First Merchants Corporation(FRME)

Group companies

NameCategory and Sector
First Merchants Bank (Muncie, Indiana)
Logo First Merchants Bank (Muncie, Indiana)

First Merchants Bank (Muncie, Indiana)

Regional BanksFinance

First Merchants Bank NA provides investment advice and other commercial banking services. The firm’s services include online, mobile and telephone banking, ACH, direct deposit, wires, stop payments, money orders, safe deposit boxes, wealth management, savings and CDs. The company was founded in 1893 and is headquartered in Muncie, IN.

Regional Banks

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Ratings for First Merchants Corporation

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
34.13 USD
Average target price
41.5 USD
Spread / Average Target
+21.59%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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