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) announced a robust second quarter of 2021, reporting a net income of $55.6 million, up from $33 million year-over-year. Earnings per share rose to $1.03 from $0.62. Year-to-date net income stands at $105 million, compared to $67.3 million in 2020. Total assets reached $14.9 billion, with loans totaling $9.1 billion. Despite a 1.9% decrease in loans due to PPP loan forgiveness, deposits surged 11.3% year-over-year. The corporation's capital ratios remained strong, with a total risk-based capital ratio of 14.23%.
First Merchants Corporation (Nasdaq:FRME) is set to report its second quarter 2021 financial results on July 26, 2021. An earnings conference call will be held at 2:30 p.m. ET, where participants can join by dialing 877-507-0578 (Toll Free) or +1 412-317-1073 for international calls. A replay of the call will be available using 877-344-7529 (Toll Free) and +1 412-317-0088 internationally. Webcast access it at this link, available until July 26, 2022.
First Merchants Corporation (NASDAQ: FRME) has announced a cash dividend of $0.29 per share on May 11, 2021. This dividend will be distributed on June 18, 2021, to shareholders on record as of June 4, 2021. The ex-dividend date is set for June 3, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders.
First Merchants Corporation (NASDAQ - FRME) reported a strong performance for Q1 2021, with net income of $49.5 million, up from $34.3 million the previous year. Earnings per share increased by 47% to $.91. Total assets reached $14.6 billion, with loans at $9.3 billion, boosted by $742 million in Paycheck Protection Program loans. Deposits rose by 21.1% to $12.0 billion. However, non-interest income decreased by $5.7 million. The return on assets was 1.39%, with a net interest margin of 3.23%.
First Merchants Corporation (NASDAQ: FRME) will announce its first quarter 2021 financial results on April 22, 2021. Following this, a conference call will take place at 2:30 p.m. ET to discuss the results. Participants can join by calling 877-507-0578 for US callers or +1 412-317-1073 for international callers. A replay of the call will be available, and the webcast can be accessed through a provided link. The replay will remain available until April 22, 2022.
First Merchants Corporation announces the election of Susan Brooks and Mark Hardwick to its Board of Directors. Brooks, a former U.S. Congress member, and Hardwick, the current CEO, will stand for election at the Annual Shareholder Meeting in May 2021. Hardwick has extensive experience, having joined the company in 1997 and ascended through various leadership roles. Brooks brings congressional experience and a strong background in economic development and legislation. These appointments aim to enhance the company's commitment to community financial wellness and operational excellence.
On February 9, 2021, First Merchants Corporation announced a cash dividend of $0.26 per share, scheduled for payout on March 19, 2021. Shareholders on record as of March 5, 2021 will receive the dividend, with the ex-date set for March 4, 2021. Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ under the symbol FRME.
First Merchants Corporation (NASDAQ - FRME) reported a Q4 2020 net income of $45.1 million, down from $47.8 million year-over-year. Earnings per share declined to $.83 from $.87. For the full year, net income was $148.6 million, down from $164.5 million, with EPS at $2.74 compared to $3.19 in 2019. Total assets reached $14.1 billion, with loans rising by 9.2%, largely fueled by PPP loans. Deposits increased by 15.5% to $11.4 billion. Despite challenges, management anticipates momentum growth in 2021 as operations normalize.
First Merchants Corporation (FRME) will announce its fourth quarter 2020 financial results on January 28, 2021. The earnings conference call will take place at 2:30 p.m. (ET) on the same day. Participants can join the call by dialing the toll-free number 877-507-0578, while international participants can reach +1 412-317-1073. A replay of the call will be accessible to U.S. participants via toll-free 877-344-7529 and international participants at +1 412-317-0088, using the access code 10150572. Webcast details are available on their website.
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.
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