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) 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.
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.