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) declared a cash dividend of $0.32 per share on May 10, 2022. This dividend is set to be paid on June 17, 2022, to shareholders on record as of June 3, 2022. The ex-dividend date for this cash dividend is June 2, 2022, allowing investors to know when they need to own shares to receive the payout. The company operates under one full-service banking charter and is based in Muncie, Indiana.
First Merchants Corporation (NASDAQ: FRME) reported a net income of $48.6 million for Q1 2022, consistent with $49.5 million in Q1 2021, with diluted earnings per share of $0.91. Total loans, excluding PPP loans, grew by $165 million (7.2%) and deposits increased by $173.4 million (5.4%) from the previous quarter. The bank completed its acquisition of Level One Bancorp on April 1, 2022. Non-interest income rose to $25.9 million, while non-interest expense increased 9.4% to $72.3 million. The loan to deposit ratio is 73%, and total assets reached $15.5 billion as of March 31, 2022.
First Merchants Corporation has declared 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 May 15, 2022, to stockholders of record on April 30, 2022. The preferred shares are represented by depositary shares traded on NASDAQ under the symbol FRMEP. First Merchants Corporation, a financial holding company headquartered in Muncie, Indiana, operates under the common stock symbol FRME.
First Merchants Corporation (NASDAQ:FRME) is set to announce its first quarter 2022 financial results on April 26, 2022. The earnings conference call will take place at 10:00 a.m. ET, earlier than previously scheduled. The call can be accessed by dialing (Toll Free) 877-806-2932 and using Conference ID 6838926, with international callers using +1 478-219-0639. A webcast and presentation slides will be available on their website, with a replay accessible until April 26, 2023.
First Merchants Corporation (NASDAQ: FRME) is set to report its first quarter 2022 financial results on April 26, 2022. A conference call will be held at 2:30 p.m. (ET) on the same day for investors and analysts to discuss the results. Participants can join the call using Toll-Free number 877-806-2932 or +1 478-219-0639 for international callers. The earnings presentation will be accessible via a webcast with slides available for viewing. A replay will be available until April 26, 2023.
First Merchants Corporation (NASDAQ: FRME) has completed its merger with Level One Bancorp, LLC (NASDAQ: LEVL) on April 1, 2022, following regulatory approvals. The deal, involving a cash/stock transaction, expands First Merchants’ footprint in Michigan, with Level One Bank's 17 locations now under First Merchants' management. With combined total assets of approximately $18 billion, First Merchants retains its status as Indiana's second-largest financial holding company. The merger is anticipated to enhance customer service and community engagement.
First Merchants Corporation has declared a cash dividend of $0.29 per share on February 8, 2022. This dividend is set for payment on March 18, 2022, to shareholders recorded as of March 4, 2022. For trading purposes, the ex-date is March 3, 2022. This announcement reinforces the company’s commitment to returning value to its shareholders.
First Merchants Corporation (NASDAQ - FRME) reported a fourth quarter 2021 net income of $47.7 million, up from $45.1 million year-over-year. Full-year net income reached $205.5 million, compared to $148.6 million in 2020. Earnings per share for the fourth quarter was $.89, increasing from $.83 in 2020, with full-year earnings at $3.81 versus $2.74. Total assets were $15.5 billion, with loans at $9.3 billion. The bank's investments increased by 43.8% to $4.5 billion, while total deposits grew 12.1% to $12.7 billion.
First Merchants Corporation (NASDAQ:FRME) will announce its fourth quarter 2021 financial results on January 27, 2022. An earnings conference call is scheduled for the same day at 2:30 p.m. ET, where participants can dial in using specific toll-free numbers. The call will also feature a webcast accessible through the company's website. A replay of the webcast will be available until January 27, 2023. First Merchants Corporation is headquartered in Muncie, Indiana, and operates First Merchants Bank and First Merchants Private Wealth Advisors.
First Merchants Corporation has declared a cash dividend of $0.29 per share on November 9, 2021, with a payment date set for December 17, 2021. Shareholders on record as of December 3, 2021 will be eligible, and the ex-date for the dividend is December 2, 2021. The company operates as a financial holding entity in Muncie, Indiana, primarily through First Merchants Bank and First Merchants Private Wealth Advisors. Its common stock trades on NASDAQ under the symbol FRME.