First Merchants Corporation

FRME

US3208171096

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
35.46 ^USD	+0.08%		+0.14%	-4.37%

May. 08	First Merchants Board Chair Retires, Succeeded by Jean Wojtowicz	MT
May. 08	First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes	CI

First Merchants Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022

January 26, 2023 at 08:00 am EST

First Merchants Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 148.96 million compared to USD 101.27 million a year ago. Net income was USD 70.76 million compared to USD 47.73 million a year ago. Basic earnings per share from continuing operations was USD 1.2 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 0.89 a year ago.
For the full year, net interest income was USD 520.2 million compared to USD 410.68 million a year ago. Net income was USD 222.09 million compared to USD 205.53 million a year ago. Basic earnings per share from continuing operations was USD 3.83 compared to USD 3.82 a year ago. Diluted earnings per share from continuing operations was USD 3.81 compared to USD 3.81 a year ago.

Latest news about First Merchants Corporation

First Merchants Board Chair Retires, Succeeded by Jean Wojtowicz	May. 08	MT
First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes	May. 08	CI
First Merchants Corporation Declares Cash Dividend, Payable on June 21, 2024	May. 08	CI
Piper Sandler Adjusts Price Target on First Merchants to $42.50 From $41, Maintains Overweight Rating	Apr. 29	MT
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	Apr. 25	MT
Tranche Update on First Merchants Corporation's Equity Buyback Plan announced on January 27, 2021.	Apr. 25	CI
First Merchants Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
North American Morning Briefing : More Tech -2-	Apr. 25	DJ
Tranche Update on First Merchants Corporation's Equity Buyback Plan announced on January 27, 2021.	Feb. 29	CI
First Merchants Maintains Cash Dividend at $0.34 per Share; Payable March 15 to Shareholders of Record on March 1	Feb. 07	MT
First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024	Feb. 07	CI
Raymond James Adjusts Price Target on First Merchants to $40 From $33, Maintains Outperform Rating	Jan. 29	MT
Transcript : First Merchants Corporation, Q4 2023 Earnings Call, Jan 25, 2024	Jan. 25
First Merchants Q4 Adjusted Earnings, Revenue Decline	Jan. 25	MT
Earnings Flash (FRME) FIRST MERCHANTS CORPORATION Posts Q4 EPS $0.87, vs. Street Est of $0.87	Jan. 25	MT
First Merchants Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 25	CI
First Merchants Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
First Merchants' Banking Unit to Open New Detroit Branch	Jan. 23	MT
First Merchants Insider Sold Shares Worth $370,500, According to a Recent SEC Filing	Dec. 21	MT
First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023	Nov. 13	CI
Tranche Update on First Merchants Corporation's Equity Buyback Plan announced on January 27, 2021.	Nov. 01	CI
Piper Sandler Cuts First Merchants' Price Target to $36 From $38, Keeps Overweight Rating	23-10-30	MT
Raymond James Adjusts First Merchants' Price Target to $33 From $36, Maintains Outperform Rating	23-10-30	MT

Chart First Merchants Corporation

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Company Profile

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.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Ratings for First Merchants Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

35.46 USD

Average target price

41.5 USD

Spread / Average Target

+17.03%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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