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.
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.
On May 13, 2020, First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.26 per share, payable on June 19, 2020. Shareholders of record as of June 5, 2020 are eligible for this dividend, which has an ex-date of June 3, 2020. First Merchants Corporation operates as a financial holding company, with its primary banking operation being First Merchants Bank. The company’s stock is actively traded on the NASDAQ Global Select Market.