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) has announced a quarterly cash dividend of $0.36 per share. The dividend will be paid on June 20, 2025, to shareholders of record as of June 6, 2025, with an ex-dividend date of June 5, 2025.
First Merchants Corporation is a financial holding company based in Muncie, Indiana, operating through its full-service bank charter, First Merchants Bank, which includes First Merchants Private Wealth Advisors as a division.
First Merchants (NASDAQ: FRME) reported strong Q1 2025 performance with net income of $54.9 million and diluted EPS of $0.94, up from $50.1 million and $0.85 in Q1 2024. The company demonstrated solid loan growth of $154.9 million (4.8% annualized) quarter-over-quarter and $547.2 million (4.4%) year-over-year.
Key metrics include a robust Common Equity Tier 1 Capital Ratio of 11.50%, total assets of $18.4 billion, and loans totaling $13.0 billion. Total deposits declined by $59.6 million (1.6% annualized) quarter-over-quarter and $422.6 million (2.8%) year-over-year, partly due to the sale of five Illinois branches. The efficiency ratio was 54.54%, while nonperforming assets to total assets increased slightly to 0.47%.
Net interest income was $130.3 million, with fully taxable equivalent net interest margin at 3.22%. The company maintained strong credit quality with an Allowance for Credit Losses ratio of 1.47% of total loans.
First Merchants (NASDAQ: FRME) has announced a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Depositary shareholders (NASDAQ: FRMEP) will receive $0.4688 per depositary share, with each depositary share representing a 1/100th interest in the Series A preferred stock.
The dividend is scheduled for payment on May 15, 2025, to stockholders of record as of April 30, 2025. First Merchants , headquartered in Muncie, Indiana, operates through First Merchants Bank and its division First Merchants Private Wealth Advisors.
First Merchants (Nasdaq: FRME) has announced it will release its first quarter 2025 financial results on April 24, 2025. The company will host an earnings conference call and webcast at 11:30 a.m. (ET) on the same day.
Participants can access the call through a registration link that will provide phone number and access code. The webcast and presentation slides will be available during the call, with a replay accessible until April 24, 2026.
First Merchants , headquartered in Muncie, Indiana, operates through First Merchants Bank and its division First Merchants Private Wealth Advisors. The company's stock trades on the NASDAQ Global Select Market under the symbol FRME.
First Merchants (FRME) has announced a cash dividend of $0.35 per share, as declared on February 7, 2025. The dividend will be payable on March 21, 2025, to shareholders of record as of March 7, 2025, with an ex-dividend date of March 6, 2025.
First Merchants , headquartered in Muncie, Indiana, operates through its full-service bank charter, First Merchants Bank, which includes First Merchants Private Wealth Advisors as a division. The company's stock trades on the NASDAQ Global Select Market under the symbol FRME.
First Merchants (NASDAQ: FRME) reported strong Q4 2024 results with net income of $63.9 million and diluted EPS of $1.10, compared to $48.7 million and $0.84 in Q3 2024, and $42.0 million and $0.71 in Q4 2023. Key highlights include:
- Net interest margin improved to 3.28% from 3.23% in Q3 2024
- Total loans grew $185.6 million (5.9% annualized) quarter-over-quarter
- Total deposits increased $156.5 million (4.4% annualized) from previous quarter
- Strong capital position with Common Equity Tier 1 Ratio of 11.43%
The company completed the sale of five Illinois branches to Old Second National Bank, including $7.4 million in loans and $267.4 million in deposits, generating a $20.0 million gain. Excluding branch sale and securities portfolio repositioning impacts, adjusted net income was $58.1 million or $1.00 per share.
First Merchants has announced a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. The dividend will be distributed through depositary shares (NASDAQ: FRMEP), with holders receiving $0.4688 per depositary share.
The dividend payment is scheduled for February 15, 2025, with a record date of January 31, 2025. Each depositary share represents a 1/100th interest in a share of the Series A preferred stock. First Merchants , headquartered in Muncie, Indiana, operates through First Merchants Bank and its division First Merchants Private Wealth Advisors.
First Merchants (NASDAQ:FRME) has announced it will release its fourth quarter 2024 financial results on January 30, 2025. The company will host an earnings conference call and webcast at 11:30 a.m. (ET) on the same day.
Participants can access the call through a registration link that will provide them with a phone number and access code. A webcast with presentation slides will also be available, with the replay accessible until January 30, 2026.
First Merchants is a financial holding company based in Muncie, Indiana, operating through First Merchants Bank and its division First Merchants Private Wealth Advisors.
First Merchants (FRME) has announced a cash dividend of $0.35 per share, as declared on November 12, 2024. The dividend will be payable on December 20, 2024, to shareholders of record as of December 6, 2024. The ex-dividend date is set for December 5, 2024. First Merchants operates through First Merchants Bank and its division First Merchants Private Wealth Advisors, providing financial services from its headquarters in Muncie, Indiana.
First Merchants (NASDAQ: FRME) reported third quarter 2024 net income of $48.7 million with diluted earnings per share of $0.84, compared to $55.9 million and $0.94 in Q3 2023. Adjusted net income, excluding securities portfolio repositioning loss, was $55.6 million or $0.95 per share. The company announced the sale of five Illinois branches to Old Second National Bank, with $287.7 million in deposits reclassified as held for sale. Total assets reached $18.3 billion with loans at $12.7 billion. Net interest margin improved to 3.23% from 3.16% quarter-over-quarter. The company maintained strong capital position with Common Equity Tier 1 Capital Ratio of 11.25%.