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.
First Merchants Corporation reports developments for a financial holding company built around First Merchants Bank, its single full-service bank charter, and First Merchants Private Wealth Advisors. News commonly covers community banking results, deposit and loan activity, investment securities, mortgage lending, cash management, wealth management, and capital actions involving common stock and Series A preferred depositary shares.
Company updates also include board and executive governance matters, cash dividend declarations, earnings-call materials, digital banking partnerships, and completed acquisition activity such as the First Savings Financial Group merger that expanded its southern Indiana presence.
First Merchants Corporation (NASDAQ:FRME) will announce its fourth quarter 2021 financial results on January 27, 2022. An earnings conference call is scheduled for the same day at 2:30 p.m. ET, where participants can dial in using specific toll-free numbers. The call will also feature a webcast accessible through the company's website. A replay of the webcast will be available until January 27, 2023. First Merchants Corporation is headquartered in Muncie, Indiana, and operates First Merchants Bank and First Merchants Private Wealth Advisors.
First Merchants Corporation has declared a cash dividend of $0.29 per share on November 9, 2021, with a payment date set for December 17, 2021. Shareholders on record as of December 3, 2021 will be eligible, and the ex-date for the dividend is December 2, 2021. The company operates as a financial holding entity in Muncie, Indiana, primarily through First Merchants Bank and First Merchants Private Wealth Advisors. Its common stock trades on NASDAQ under the symbol FRME.
First Merchants Corporation (Nasdaq: FRME) announced a merger agreement with Level One Bancorp, Inc. (Nasdaq: LEVL) valued at approximately $323.5 million. This stock and cash transaction offers LEVL shareholders 0.7167 shares of First Merchants stock and $10.17 in cash per share, translating to an implied value of $41.35 per LEVL share. The merger is expected to enhance First Merchants' earnings by 10.4% in 2023 and will combine assets to total approximately $17.6 billion, making First Merchants the second largest financial holding company in Indiana.
First Merchants Corporation (NASDAQ: FRME) reported Q3 2021 net income of $52.8 million, a 45.7% increase from $36.2 million in Q3 2020. Earnings per share rose to $0.98, up from $0.67. Year-to-date net income reached $157.8 million, a 52.5% increase, with earnings per share of $2.92 compared to $1.91 last year. Total assets stood at $15.1 billion, and loans totaled $9.0 billion, reflecting organic growth of 6% offset by PPP loan forgiveness. Deposits increased by 13.2% year-on-year to $12.3 billion, with a net interest margin of 3.20%.
First Merchants Corporation (FRME) will announce its third quarter 2021 financial results on October 26, 2021. A conference call is scheduled for 2:30 p.m. ET on the same day, allowing participants to dial (Toll Free) 877-507-0578. The call will also be accessible via a webcast, with replay options available for those unable to join live. The Corporation operates as a financial holding company based in Muncie, Indiana, and its stock is traded on the NASDAQ Global Select Market.
First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.29 per share on August 10, 2021. This dividend is set to be paid on September 17, 2021, to shareholders on record as of September 3, 2021. The ex-dividend date is September 2, 2021, indicating when new shareholders would not be entitled to this payment. First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ Global Select Market.
First Merchants Corporation (NASDAQ - FRME) announced a robust second quarter of 2021, reporting a net income of $55.6 million, up from $33 million year-over-year. Earnings per share rose to $1.03 from $0.62. Year-to-date net income stands at $105 million, compared to $67.3 million in 2020. Total assets reached $14.9 billion, with loans totaling $9.1 billion. Despite a 1.9% decrease in loans due to PPP loan forgiveness, deposits surged 11.3% year-over-year. The corporation's capital ratios remained strong, with a total risk-based capital ratio of 14.23%.
First Merchants Corporation (Nasdaq:FRME) is set to report its second quarter 2021 financial results on July 26, 2021. An earnings conference call will be held at 2:30 p.m. ET, where participants can join by dialing 877-507-0578 (Toll Free) or +1 412-317-1073 for international calls. A replay of the call will be available using 877-344-7529 (Toll Free) and +1 412-317-0088 internationally. Webcast access it at this link, available until July 26, 2022.
First Merchants Corporation (NASDAQ: FRME) has announced a cash dividend of $0.29 per share on May 11, 2021. This dividend will be distributed on June 18, 2021, to shareholders on record as of June 4, 2021. The ex-dividend date is set for June 3, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders.
First Merchants Corporation (NASDAQ - FRME) reported a strong performance for Q1 2021, with net income of $49.5 million, up from $34.3 million the previous year. Earnings per share increased by 47% to $.91. Total assets reached $14.6 billion, with loans at $9.3 billion, boosted by $742 million in Paycheck Protection Program loans. Deposits rose by 21.1% to $12.0 billion. However, non-interest income decreased by $5.7 million. The return on assets was 1.39%, with a net interest margin of 3.23%.