First Merchants Corp Stock Price, News & Analysis

First Merchants Corporation (Nasdaq:FRME) will release its Q1 2023 financial results on April 25, 2023. An earnings conference call is scheduled for 10:30 a.m. (ET) the same day. Interested participants can register to join via phone, receiving a unique access code. The corporation operates as a financial holding company, headquartered in Muncie, Indiana, with its primary banking services provided through First Merchants Bank. The firm also offers wealth management through First Merchants Private Wealth Advisors. The company’s stock is listed on the NASDAQ Global Select Market under the symbol FRME.

First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.32 per share on February 7, 2023. This dividend is available to shareholders on March 17, 2023, with a record date of March 3, 2023. The ex-dividend date for broker trading is March 2, 2023.

Headquartered in Muncie, Indiana, First Merchants operates First Merchants Bank and provides wealth advisory services. The company is dedicated to enhancing shareholder value through consistent dividend payments.

First Merchants Corporation has appointed Dr. Mung Chiang, President of Purdue University, to its Board of Directors. This move aims to enhance the bank's impact on economic growth in Indiana and surrounding states. Board Chairman Charles E. Schalliol expressed optimism about Dr. Chiang's leadership and business skills benefiting shareholders and clients. Dr. Chiang emphasized First Merchants' commitment to facilitating economic growth and client support. After this appointment, the board will consist of 15 members, 13 of whom are independent directors. Dr. Chiang will stand for election at the Annual Shareholder Meeting in May 2023.

First Merchants Corporation (NASDAQ: FRME) reported strong Q4 2022 financial results, with net income available to common stockholders rising to $70.3 million, or $1.19 per diluted share, compared to $47.7 million or $0.89 in Q4 2021. Full-year 2022 net income reached $220.7 million, maintaining $3.81 per share. Total loans grew by $344.1 million (11.8% annualized) in Q4, while total deposits declined $52.1 million (1.4%). Net interest income totaled $149.0 million, a 6.2% increase from Q3 2022. The efficiency ratio stood at 48.60% for the quarter. The company emphasizes its focus on organic growth following the integration of Level One Bancorp.

First Merchants Corporation has announced a quarterly cash dividend of $0.4688 per depositary share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. This amounts to $46.88 per share. The dividend is set to be paid on February 15, 2023, to stockholders on record as of January 31, 2023. The preferred stock is traded on NASDAQ under the symbol FRMEP.

First Merchants Corporation, headquartered in Muncie, Indiana, operates as a financial holding company and includes First Merchants Bank and its private wealth advising division.

First Merchants Corporation (NASDAQ:FRME) is set to announce its fourth quarter 2022 financial results on January 26, 2023. An earnings conference call and webcast will be hosted at 10:30 a.m. ET on the same day, offering insights into the financial performance of the corporation. Participants are required to register to access the call via phone. The webcast will also be available for replay until January 26, 2024.

As a financial holding company based in Muncie, Indiana, First Merchants operates one bank charter and offers private wealth advisory services.

First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.32 per share on November 8, 2022, payable on December 16, 2022. Shareholders of record as of December 2, 2022 will receive this dividend, while the ex-dividend date is set for December 1, 2022. This return of income to shareholders reflects the company's performance and commitment to providing shareholder value. First Merchants Corporation, based in Muncie, Indiana, operates as a financial holding company with its full-service bank chartered as First Merchants Bank.

First Merchants Corporation (NASDAQ - FRME) reported a strong third quarter in 2022 with a net income of $63.3 million and diluted earnings per share of $1.08, up from $52.8 million and $0.98 in Q3 2021. Adjusted net income rose to $65.6 million, marking a significant increase year-over-year. Total loans grew by $290.6 million (10.2% annualized), while deposits decreased by $136 million (3.7%). The net interest income was $140.3 million, reflecting a 9% quarter-over-quarter increase. The company's strong capital ratios were maintained despite challenges from high inflation.

First Merchants Corporation has announced a quarterly cash dividend of $0.4688 per depositary share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. This dividend will be payable on November 15, 2022, to stockholders on record as of October 31, 2022. Each depositary share represents a 1/100th interest in the preferred stock, traded under the symbol FRMEP.