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 (NASDAQ: FRME) is a financial holding company headquartered in Muncie, Indiana, operating through its full-service bank charter, First Merchants Bank. The company reports that it focuses on community banking and offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance, all delivered locally by bankers.
This news page aggregates company-issued updates and market disclosures related to First Merchants Corporation and its securities, including FRME common stock and FRMEP depositary shares representing interests in its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. Readers can follow announcements of quarterly and annual financial results, where the company discusses net interest income, noninterest income, noninterest expense, loan and deposit trends, asset quality metrics, and capital ratios.
News items also cover Board and governance developments, such as changes in the size or composition of the Board of Directors, as reported in Form 8-K filings. Dividend declarations on both common and preferred stock are a recurring theme, with press releases detailing per-share amounts, record dates, and payment dates for FRME and FRMEP holders.
In addition, this feed includes information about corporate transactions. For example, First Merchants has announced a definitive merger agreement with First Savings Financial Group, Inc., describing the planned all-stock merger, the exchange ratio, and the anticipated integration of First Savings Bank into First Merchants Bank, subject to shareholder and regulatory approvals. Investors and observers can use this page to review the company’s official communications on earnings, dividends, and strategic initiatives over time.
On February 9, 2021, First Merchants Corporation announced a cash dividend of $0.26 per share, scheduled for payout on March 19, 2021. Shareholders on record as of March 5, 2021 will receive the dividend, with the ex-date set for March 4, 2021. Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ under the symbol FRME.
First Merchants Corporation (NASDAQ - FRME) reported a Q4 2020 net income of $45.1 million, down from $47.8 million year-over-year. Earnings per share declined to $.83 from $.87. For the full year, net income was $148.6 million, down from $164.5 million, with EPS at $2.74 compared to $3.19 in 2019. Total assets reached $14.1 billion, with loans rising by 9.2%, largely fueled by PPP loans. Deposits increased by 15.5% to $11.4 billion. Despite challenges, management anticipates momentum growth in 2021 as operations normalize.
First Merchants Corporation (FRME) will announce its fourth quarter 2020 financial results on January 28, 2021. The earnings conference call will take place at 2:30 p.m. (ET) on the same day. Participants can join the call by dialing the toll-free number 877-507-0578, while international participants can reach +1 412-317-1073. A replay of the call will be accessible to U.S. participants via toll-free 877-344-7529 and international participants at +1 412-317-0088, using the access code 10150572. Webcast details are available on their website.
First Merchants Corporation (NASDAQ - FRME) announced its acquisition of Hoosier Trust Company, a firm managing $300 million in assets, enhancing its private wealth services. The acquisition aims to strengthen First Merchants' service capabilities in Central Indiana, leveraging Hoosier Trust's expertise and established client relationships. With this move, First Merchants, which manages over $4 billion in assets through its Private Wealth Advisors division, seeks to provide comprehensive financial solutions to clients while expanding its market presence in the Midwest.
First Merchants Corporation (NASDAQ: FRME) has declared a cash dividend of $0.26 per share on November 6, 2020. This dividend is scheduled for payment on December 18, 2020, to shareholders on record as of December 4, 2020. The ex-dividend date is set for December 3, 2020. First Merchants Corporation is a financial holding company based in Muncie, Indiana, and operates First Merchants Bank, along with its private wealth advisory division.
First Merchants Corporation (NASDAQ - FRME) reported a third-quarter 2020 net income of $36.2 million, down from $36.8 million year-over-year. Earnings per share were $0.67, compared to $0.71 in Q3 2019. Year-to-date net income totaled $103.5 million, a decline from $116.6 million in the prior year. Total assets reached $13.7 billion, with loans increasing by 11.3% to $9.2 billion, largely due to $901 million in Payroll Protection Program loans. Deposits rose 11.7% to $10.9 billion. The allowance for loan losses increased to $126.7 million, reflecting heightened credit risk from the COVID-19 pandemic.
First Merchants Corporation (NASDAQ:FRME) is scheduled to report its third quarter 2020 financial results on October 28, 2020. Following the announcement, the corporation will host an earnings conference call and webcast at 2:30 p.m. ET. Participants can join by dialing 877-507-0578 (Toll-Free) or +1 412-317-1073 for international calls. A replay will be accessible until October 28, 2021, and details for accessing the webcast are available on their website.
First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.26 per share on August 6, 2020. The dividend is set to be paid on September 18, 2020, to shareholders recorded by September 4, 2020. The ex-dividend date is September 3, 2020. First Merchants Corporation, headquartered in Muncie, Indiana, operates First Merchants Bank and its wealth advisory division.
First Merchants Corporation (NASDAQ - FRME) reported Q2 2020 net income of $33 million, down from $41.1 million in Q2 2019. Earnings per share also fell to $0.62 from $0.83 year-over-year. Year-to-date net income decreased to $67.3 million from $79.9 million, with earnings per share at $1.24 compared to $1.61 in the same period last year. Total assets reached $13.8 billion, with loans increasing by 23.7% and deposits up 31.8% year-over-year. A $21.9 million provision expense reflects increasing credit risk amid the COVID-19 pandemic.
First Merchants Corporation (NASDAQ: FRME) is set to announce its second quarter 2020 financial results on July 23, 2020. The corporation will host a conference call at 2:30 p.m. ET on the same day, with participation options for both toll-free and international callers. A webcast of the earnings call will be available, and a replay will be accessible until July 23, 2021. The company operates through First Merchants Bank and is headquartered in Muncie, Indiana.