Welcome to our dedicated page for First Merchants news (Ticker: $FRME), a resource for investors and traders seeking the latest updates and insights on First Merchants stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Merchants's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Merchants's position in the market.
Rhea-AI Summary
First Merchants reported a net income of $47.5 million for the first quarter of 2024, with diluted earnings per common share at $0.80. The saw a decline in total loans but an increase in total deposits. Non-core charges impacted earnings, with strong capital and liquidity positions. Despite some challenges, the demonstrated stability and growth in key financial metrics.
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End-of-Day
-1.68%
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Rhea-AI Summary
First Merchants declares 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). The dividend will be payable on May 15, 2024, to stockholders of record on April 30, 2024.
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-0.73%
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Rhea-AI Summary
First Merchants (FRME) will announce its first quarter 2024 financial results on April 25, 2024, followed by an earnings conference call and webcast. Participants can register for the call and access the webcast for detailed insights.
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0.75%
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First Merchants Corporation announced a cash dividend of $0.34 per share, payable on March 15, 2024, to shareholders of record as of March 1, 2024. The ex-date of the cash dividend is February 29, 2024.
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Rhea-AI Summary
First Merchants Corporation (NASDAQ - FRME) reported a net income available to common stockholders of $42.0 million and diluted earnings per common share of $0.71 in the fourth quarter of 2023. The corporation incurred $12.7 million of one-time charges during the quarter. Total loans grew by $202.6 million, or 6.6 percent annualized on a linked quarter basis, and $608.6 million, or 5.1 percent during the last twelve months. Total deposits increased by $174.9 million, or 4.8 percent annualized on a linked quarter basis, and $438.7 million, or 3.1 percent during the last twelve months. The efficiency ratio totaled 63.26 percent for the quarter and 55.56% excluding one-time charges. The corporation's total risk-based capital ratio equaled 13.67 percent, common equity tier 1 capital ratio equaled 11.35 percent, and the tangible common equity ratio totaled 8.44 percent.
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-2.92%
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Rhea-AI Summary
First Merchants Bank of Muncie announces plans for a new branch in the Fitzgerald neighborhood, offering essential banking products and services to the community. The bank aims to support economic development and expand its reach, ensuring fair banking access. The new branch will provide convenient access to banking products, community lending, and financial wellness workshops, emphasizing the commitment to serving the community.
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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, 2024, to stockholders of record on January 31, 2024.
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0.81%
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First Merchants Corporation (FRME) will report fourth quarter 2023 financial results on January 25, 2024. The Corporation will host a fourth quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 25, 2024. Participants can access the call and webcast via the provided links. A replay of the webcast will be available until January 25, 2025.
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0.59%
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Rhea-AI Summary
First Merchants Corporation (FMC) Declares $0.34 Per Share Cash Dividend
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1.36%
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Rhea-AI Summary
First Merchants Corporation reports net income of $55.9 million in Q3 2023, compared to $63.3 million in Q3 2022. Diluted earnings per common share were $0.94. Total loans grew by $743.6 million, or 6.4 percent, in the past twelve months. Total deposits increased by $211.8 million, or 1.5 percent, in the past twelve months. Nonaccrual loans totaled $53.1 million. Efficiency ratio was 53.91 percent. CEO plans for continued growth and performance in 2024.
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End-of-Day
3.22%
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First Merchants Corp
Nasdaq:FRME
FRME Rankings
FRME Stock Data
2.01B
58.48M
1.45%
75.81%
0.85%
Commercial Banking
Finance and Insurance
United States of America
MUNCIE
About FRME
with more than 100 banking locations throughout 27 indiana counties as well as two in both illinois and ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. first merchants corporation is the largest financial services holding company headquartered in central indiana. bank divisions within the corporation include: first merchants bank lafayette bank & trust first merchants private wealth advisors, one of the largest wealth management companies in indiana. together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. we are a team of associates who support and expect superior results from our company and ourselves. accountability and execution is the foundation of our success. we provide an experience where customers can bank with their neigh