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

NASDAQ

Website

www.firstmerchants.com

CEO

Michael Rechin

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • Wells Fargo & Co. • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Capital One Financial • Shinhan Financial • HSBC USA • Regions Financial • Keycorp ...

SEC CIK

0000712534

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FMB Portfolio Management, Inc. • FMB Properties, Inc • FMB Risk Management, Inc. • FMB Tax Credit Holdings ...

IRS number

351544218

FRME stock data

1M 1Y 5Y

News

From Benzinga Pro

First Merchants: Q2 Earnings Insights

26 Jul 22

First Merchants (NASDAQ:FRME) reported its Q2 earnings results on Tuesday, July 26, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

First Merchants Q2 EPS $0.63 Misses $0.81 Estimate

26 Jul 22

First Merchants (NASDAQ:FRME) reported quarterly earnings of $0.63 per share which missed the analyst consensus estimate of $0.81 by 22.22 percent. This is a 38.83 percent decrease over earnings of $1.03 per share from

Earnings Scheduled For July 26, 2022

26 Jul 22

Companies Reporting Before The Bell • General Motors (NYSE:GM) is likely to report quarterly earnings at $1.30 per share on revenue of $34.59 billion.

A Preview Of First Merchants's Earnings

25 Jul 22

Stocks That Hit 52-Week Lows On Wednesday

13 Jul 22

Press releases

From Benzinga Pro

First Merchants Corporation Announces Cash Dividend

10 Aug 22

MUNCIE, Ind., Aug. 10, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 10, 2022 of $0.32 per share. The dividend is payable on September 16, 2022, to shareholders of record as of

First Merchants Corporation Announces Second Quarter 2022 Earnings per Share

26 Jul 22

MUNCIE, Ind., July 26, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Second Quarter 2022 Highlights: Net income available to common stockholders was $38.5 million and diluted earnings per

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

20 Jul 22

MUNCIE, Ind., July 20, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ:FRME) has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A,

First Merchants Corporation to Report Second Quarter 2022 Financial Results, Host Conference Call and Webcast

5 Jul 22

First Merchants Corporation Elects Kevin D. Johnson and Jason R. Sondhi to Its Boards of Directors

23 Jun 22

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
Barclays Aggregate Bond Etf Ishares (ETF FIXED TAXABLE)	$47.73M	469.41K	638.19K	-26.4
STT Materials Sector Etf SPDR	$43.54M	621.53K	762.98K	-18.5
Russell Mid Cap Growth Indexishares Etf (ETF MID CAP)	$41.51M	541.66K	572.08K	-5.3
Russell 2000 Index Etf Ishares (ETF SMALL CAP)	$39.13M	386.7K	426.93K	-9.4
Dow Jones Select Dividend Etf I Shares (ETF LARGE CAP/MULTI-CAP)	$37.37M	436.82K	527.72K	-17.2
AAPL Apple Computer Inc Com	$32.48M	237.55K	245.49K	-3.2
MSFT Microsoft Corporation Com	$25.89M	100.79K	100.1K	+0.7
LLY Lilly Eli & Co Com	$20.23M	62.4K	63.13K	-1.2
Nasdaq Biotech Index Etf (COMMON STOCK)	$19.58M	249.54K	316.07K	-21.0
GOOG Alphabet Inc CL C Com	$19.13M	8.77K	8.8K	-0.3
Vanguard Info Tech Etf	$17.35M	53.15K	53.43K	-0.5
V Visa Com	$15.82M	80.37K	81.54K	-1.4
Vanguard Intermediate-term	$15.74M	203.12K	193.95K	+4.7
FELE Franklin Electric Co Inc Com	$14.8M	202K		NEW
Invesco Ultra Short Durationeft	$14.23M	287.32K	279.36K	+2.8
Vanguard I S&P 500 Com (ETF LARGE CAP/MULTI-CAP)	$13.85M	46.69K	47.65K	-2.0
ADP Automatic Data Processing Com	$12.95M	61.64K	63.25K	-2.5
JNJ Johnson & Johnson Com	$12.64M	71.21K	72.49K	-1.8
UNH Unitedhealth Group Inc Com	$12.42M	24.19K	24.26K	-0.3
LOW Lowe's Companies Inc Com	$12.37M	70.8K	69.35K	+2.1
PEP Pepsico Inc Com	$12.35M	74.09K	75.29K	-1.6
COST Costco Companies Inc Com	$12.01M	25.07K	25.03K	+0.1
LHX L3HARRIS Technologies Inc Com	$11.42M	47.27K	48.47K	-2.5
SYK Stryker Corp Com	$11.41M	57.35K	58.77K	-2.4
Vanguard Reit Index Etf (ETF REAL ESTATE)	$10.64M	116.73K	120.58K	-3.2
ACN Accenture PLC Adr	$10.58M	38.1K	38.3K	-0.5
ABT Abbott Labs Com	$10.5M	96.65K	94.39K	+2.4
AVGO Broadcom Inc NPV Com	$10.05M	20.69K	20.82K	-0.6
PFE Pfizer Inc Com	$9.99M	190.62K	198.17K	-3.8
HD Home Depot Inc Com	$9M	32.82K	32.91K	-0.3
CMCSA Comcast Corp Class a Com	$8.96M	228.4K	227.97K	+0.2
CB Chubb Limited Adr	$8.96M	45.56K	45.91K	-0.8
S&P 400 Mid-cap Etf SPDR	$8.15M	19.71K	20.15K	-2.1
PG Procter & Gamble Co Com	$8.11M	56.39K	57.78K	-2.4
CVX Chevron Corp Com	$8.07M	55.77K	56.49K	-1.3
DHR Danaher Corp Com	$7.71M	30.42K	29.53K	+3.0
FNDF Schwab Strategic TR Us Dividend Eq	$7.48M	104.47K	105.79K	-1.2
CSCO Cisco Systems Com	$7.18M	168.37K	168.79K	-0.2
HON Honeywell Intl Inc Com	$7.02M	40.36K	38.8K	+4.0
AMZN Amazon Inc Com	$6.83M	64.31K	3.27K	+1866.1
WMT Wal Mart Stores Inc Com	$6.77M	55.64K	53.59K	+3.8
RTX Raytheon Technologies Com	$6.75M	70.23K	74.06K	-5.2
SPY S&P 500 Etf SPDR	$6.56M	17.38K	19.38K	-10.3
JPM J P Morgan Chase & Co Com	$6.48M	57.58K	56.39K	+2.1
SCHW Charles Schwab Corp Com	$6.4M	101.36K	97.51K	+3.9
Vanguard Total Intl BD Idx Etf	$6.4M	129.24K	134.26K	-3.7
TROW T. Rowe Price Group Inc Com	$6.31M	55.57K	56.46K	-1.6
APH Amphenol Corporation Com	$6.31M	97.99K	96.49K	+1.6
NEE Nextera Energy Inc Com	$6.14M	79.24K	78.87K	+0.5
CTSH Cognizant Technology Com	$6.13M	90.75K	88.93K	+2.1

First Merchants holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

8 Aug 22

20 Aug 22

31 Dec 22

Financial summary

Financial statements Chart FRME financial data

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

Financial data from company earnings reports.

Recent insider trades

FRME insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

FRME institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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

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

New words: advisory, area, assumption, attrition, bps, building, condominium, consummated, conversion, decide, delivered, demographic, forward, fulfill, grew, lease, leased, lock, Midwest, nominal, pressure, produce, professional, profile, proforma, provisional, receding, reinvested, renewed, repricing, rolled, scale, secondary, slowly, space, surrender, tightening

Removed: categorized, certainty, curve, directional, division, DOJ, evidenced, generated, impaired, low, moving, originated, pay, spectrum, trade

From filing 10-Q 2022 Q2

Financial reports

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