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First Merchants (FRME)

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

Company profile

Ticker
FRME, FRMEP
Exchange
CEO
Michael Rechin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
FMB Portfolio Management, Inc. • FMB Properties, Inc • FMB Risk Management, Inc. • FMB Tax Credit Holdings ...
IRS number
351544218

FRME stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 183 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$47.73M 469.41K 638.19K -26.4
$43.54M 621.53K 762.98K -18.5
$41.51M 541.66K 572.08K -5.3
$39.13M 386.7K 426.93K -9.4
$37.37M 436.82K 527.72K -17.2
$32.48M 237.55K 245.49K -3.2
$25.89M 100.79K 100.1K +0.7
$20.23M 62.4K 63.13K -1.2
$19.58M 249.54K 316.07K -21.0
$19.13M 8.77K 8.8K -0.3
$17.35M 53.15K 53.43K -0.5
$15.82M 80.37K 81.54K -1.4
$15.74M 203.12K 193.95K +4.7
$14.8M 202K NEW
$14.23M 287.32K 279.36K +2.8
$13.85M 46.69K 47.65K -2.0
$12.95M 61.64K 63.25K -2.5
$12.64M 71.21K 72.49K -1.8
$12.42M 24.19K 24.26K -0.3
$12.37M 70.8K 69.35K +2.1
$12.35M 74.09K 75.29K -1.6
$12.01M 25.07K 25.03K +0.1
$11.42M 47.27K 48.47K -2.5
$11.41M 57.35K 58.77K -2.4
$10.64M 116.73K 120.58K -3.2
$10.58M 38.1K 38.3K -0.5
$10.5M 96.65K 94.39K +2.4
$10.05M 20.69K 20.82K -0.6
$9.99M 190.62K 198.17K -3.8
$9M 32.82K 32.91K -0.3
$8.96M 228.4K 227.97K +0.2
$8.96M 45.56K 45.91K -0.8
S&P 400 Mid-cap Etf SPDR
$8.15M 19.71K 20.15K -2.1
$8.11M 56.39K 57.78K -2.4
$8.07M 55.77K 56.49K -1.3
$7.71M 30.42K 29.53K +3.0
$7.48M 104.47K 105.79K -1.2
$7.18M 168.37K 168.79K -0.2
$7.02M 40.36K 38.8K +4.0
$6.83M 64.31K 3.27K +1866.1
$6.77M 55.64K 53.59K +3.8
$6.75M 70.23K 74.06K -5.2
$6.56M 17.38K 19.38K -10.3
$6.48M 57.58K 56.39K +2.1
$6.4M 101.36K 97.51K +3.9
Vanguard Total Intl BD Idx Etf
$6.4M 129.24K 134.26K -3.7
$6.31M 55.57K 56.46K -1.6
$6.31M 97.99K 96.49K +1.6
$6.14M 79.24K 78.87K +0.5
$6.13M 90.75K 88.93K +2.1
Holdings list only includes long positions. Only includes long positions.

Calendar

8 Aug 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Aug 22 Michele Kawiecki Common Stock Payment of exercise Dispose F No No 41.19 604 24.88K 28,186.451
9 Aug 22 John Martin Common Stock Payment of exercise Dispose F No No 41.19 4,000 164.76K 48,391.356
9 Aug 22 Steven C Harris Common Stock Payment of exercise Dispose F No No 41.19 604 24.88K 12,544.451
9 Aug 22 Rechin Michael C Common Stock Payment of exercise Dispose F No No 41.19 9,182 378.21K 99,764.397
9 Aug 22 Fluhler Stephan Common Stock Payment of exercise Dispose F No No 41.19 1,208 49.76K 25,547.648
71.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 216 208 +3.8%
Opened positions 38 25 +52.0%
Closed positions 30 20 +50.0%
Increased positions 81 75 +8.0%
Reduced positions 61 65 -6.2%
13F shares Current Prev Q Change
Total value 2.02B 1.74B +16.5%
Total shares 42.71M 41.73M +2.3%
Total puts 10K 0 NEW
Total calls 0 5.3K EXIT
Total put/call ratio Infinity
Largest owners Shares Value Change
Vanguard 6.13M $218.23M +7.3%
BLK Blackrock 4.05M $144.17M +1.5%
Dimensional Fund Advisors 2.76M $98.34M +4.2%
Earnest Partners 2.62M $93.17M -3.4%
Cardinal Capital Management 2.26M $80.64M -3.1%
STT State Street 1.88M $66.92M -0.2%
Deprince Race & Zollo 1.13M $40.19M -0.9%
Geode Capital Management 1.04M $36.99M -49.8%
PFG Principal Financial Group Inc - Registered Shares 1.04M $36.96M +25.7%
GS Goldman Sachs 1.03M $36.59M -26.9%
Largest transactions Shares Bought/sold Change
Geode Capital Management 1.04M -1.03M -49.8%
American Century Companies 545.82K +533.38K +4288.0%
Vanguard 6.13M +417.73K +7.3%
GS Goldman Sachs 1.03M -378.7K -26.9%
MS Morgan Stanley 366.45K +304.1K +487.7%
Manufacturers Life Insurance Company, The 984.59K +279.13K +39.6%
Parametric Portfolio Associates 0 -245.37K EXIT
PFG Principal Financial Group Inc - Registered Shares 1.04M +212.25K +25.7%
Raymond James & Associates 226.51K +202.71K +851.8%
Millennium Management 8.2K -186.32K -95.8%

Financial report summary

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Management Discussion
  • •Net income available to stockholders for the year ended December 31, 2021 was $205.5 million compared to $148.6 million for the year ended 2020, an increase of 38.3 percent.
  • •Earnings per fully diluted common share for 2021 totaled $3.81 compared to $2.74 for 2020, an increase of 39.1 percent.
  • •The Corporation experienced organic loan growth of $566.4 million, or 6.6 percent during 2021, which when offset by a $560.5 million decline in Paycheck Protection Program (“PPP”) loans (following forgiveness by the Small Business Administration), resulted in net loan growth of $5.9 million.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
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