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 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.
First Merchants Corporation (Nasdaq:FRME) will announce its third quarter 2022 financial results on October 25, 2022. The earnings conference call and webcast will take place at 10:30 a.m. (ET) on the same day. Participants can register for the call to access it via phone, with a link provided for registration. Additionally, there will be a webcast available for viewing alongside presentation slides. A replay of the webcast will be accessible until October 25, 2023.
First Merchants Corporation announced a cash dividend of $0.32 per share on August 10, 2022. Shareholders on record as of September 2, 2022 will receive the dividend on September 16, 2022. The ex-dividend date is set for September 1, 2022. This marks a continued commitment to returning value to shareholders. First Merchants Corporation operates as a financial holding company with its primary bank being First Merchants Bank, trading on NASDAQ under the symbol FRME.
First Merchants Corporation (NASDAQ - FRME) reported Q2 2022 net income of $38.5 million, a decrease from $55.6 million in Q2 2021. Diluted earnings per share were $0.63, down from $1.03 YoY. Adjusted net income rose to $60.0 million with adjusted EPS at $1.01. Total loans increased by $2.0 billion, driven largely by the acquisition of Level One Bancorp, while total deposits grew $1.7 billion. Non-interest expenses surged to $97.3 million, largely due to acquisition costs. Net interest income was $128.7 million, marking a 25.8% increase from Q1 2022.