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FRME First Merchants

First Merchants Corp. (Indiana) is a holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

Company profile

Ticker
FRME
Exchange
CEO
Michael Rechin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
351544218

FRME stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 207 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$325.93M 3.85M 3.85M -0.0
$68.9M 605.32K 570.99K +6.0
$53.37M 600.99K 609.89K -1.5
$52.74M 715.6K 694.26K +3.1
$50.26M 575.38K 616.29K -6.6
$49.52M 414.44K 406.77K +1.9
$34.23M 280.22K 268.34K +4.4
$31.21M 395.31K 395.31K 0
$29.98M 334.54K 324.39K +3.1
$24.7M 104.76K 104.34K +0.4
$22.25M 62.08K 61.73K +0.6
$18.4M 8.92K 8.17K +9.2
$17.3M 81.7K 77.73K +5.1
$16.51M 88.39K 82.25K +7.5
$15.59M 175.96K 202.42K -13.1
$15.22M 48.32K 49.28K -1.9
$14.65M 60.16K 58.03K +3.7
$13.62M 71.62K 70.25K +2.0
$12.49M 247.39K 231.94K +6.7
$12.23M 64.9K 58.66K +10.7
$11.7M 127.35K 130.76K -2.6
$11.45M 80.95K 77.81K +4.0
$11.4M 41.26K 39.71K +3.9
$11.35M 94.68K 95.05K -0.4
$11.08M 60.04K 58.05K +3.4
$10.63M 196.43K 182.22K +7.8
$10.16M 50.1K 44.95K +11.5
S&P 400 Mid-cap Etf SPDR
$10.15M 21.33K 22.22K -4.0
$9.9M 21.35K 20.51K +4.1
$9.75M 31.96K 29.64K +7.8
$9.69M 187.37K 178.75K +4.8
$9.37M 56.99K 56.28K +1.3
$9.28M 54.07K 51.38K +5.2
$9.02M 25.6K 24.1K +6.2
$8.8M 57.83K 58.18K -0.6
$8.59M 34.52K 32.14K +7.4
$8.55M 22.98K 23.13K -0.6
$8.33M 61.54K 62.52K -1.6
$8.32M 38.31K 36.54K +4.8
$8.29M 61.02K 57.08K +6.9
$8.22M 262.51K 252.91K +3.8
$8.07M 20.37K 20.17K +1.0
$7.98M 2.58K 2.28K +13.2
$7.79M 215.15K 205.06K +4.9
$6.88M 88.11K 81.47K +8.2
$6.81M 116.7K 108.26K +7.8
$6.79M 145.95K 199.45K -26.8
$6.59M 90.37K 85.42K +5.8
$6.54M 99.11K 46.79K +111.8
$6.49M 99.57K 90.6K +9.9
Holdings list only includes long positions. Only includes long positions.

Calendar

1 Mar 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Patrick A Sherman Common Stock Buy Aquire P No No 47.074 10.622 500.02 47,922.926
31 Mar 21 Kellogg Clark C JR Common Stock Grant Aquire A No No 46.5 386 17.95K 3,679
31 Mar 21 Chaffin H Douglas Common Stock Grant Aquire A No No 46.5 403 18.74K 36,754
31 Mar 21 Hoy William L Common Stock Grant Aquire A No No 46.5 386 17.95K 29,796
31 Mar 21 Lehman Gary Common Stock Grant Aquire A No No 46.5 386 17.95K 42,674.819
31 Mar 21 Patrick A Sherman Common Stock Grant Aquire A No No 46.5 420 19.53K 47,847.366

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 181 178 +1.7%
Opened positions 31 27 +14.8%
Closed positions 28 27 +3.7%
Increased positions 61 53 +15.1%
Reduced positions 61 61
13F shares
Current Prev Q Change
Total value 1.52B 877.06M +73.1%
Total shares 40.54M 37.82M +7.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 5.03M $188.17M +2.9%
BLK Blackrock 3.93M $147.2M +3.0%
Dimensional Fund Advisors 2.8M $104.6M -1.3%
Earnest Partners 2.76M $103.17M +0.8%
Cardinal Capital Management 2.22M $83.02M +31.8%
GS Goldman Sachs 1.65M $61.78M -2.9%
STT State Street 1.46M $54.56M +2.9%
BK Bank Of New York Mellon 1.22M $45.46M +37.5%
NTRS Northern Trust 1.21M $45.11M -2.5%
Geode Capital Management 839.93K $31.42M +3.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 605.24K +605.24K NEW
FMR 723.81K -542.14K -42.8%
Deprince Race & Zollo 537.15K +537.15K NEW
Cardinal Capital Management 2.22M +535.67K +31.8%
JPM JPMorgan Chase & Co. 537.83K +374.12K +228.5%
BK Bank Of New York Mellon 1.22M +331.35K +37.5%
Russell Investments 358.99K +242.8K +209.0%
Advisory Research 230.66K +230.66K NEW
Schroder Investment Management 539.59K +177.82K +49.2%
Comerica Bank 165.57K +165.57K NEW

Financial report summary

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Management Discussion
  • Net income available to stockholders for the year ended December 31, 2020 was $148.6 million compared to $164.5 million during the same period in 2019. Earnings per fully diluted common share for 2020 totaled $2.74 compared to $3.19 during the same period in 2019.
  • As of December 31, 2020, total assets equaled $14.1 billion, an increase of $1.6 billion, or 12.9 percent, from December 31, 2019. The Corporation's total loan portfolio increased $778.8 million, or 9.2 percent from December 31, 2019. At December 31, 2020, the Corporation's PPP loan portfolio totaled $667.1 million, net of $12.5 million of deferred processing fee income and costs, which were primarily included in the commercial and industrial loan class. Other loan segments that experienced large increases from December 31, 2019 were commercial real estate, non-owner occupied and public finance and other commercial loans. The largest loan segments that experienced a decrease were real estate construction and home equity loans. Additional details of the changes in the Corporation's loans are discussed within NOTE 5. LOANS AND ALLOWANCE of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K, and the "LOAN QUALITY" section of this Management's Discussion and Analysis of Financial Condition and Results of Operations.
  • Interest-bearing deposits increased $274.0 million from December 31, 2019 due to excess liquidity from deposit growth and an increase in wholesale funding. Additionally, total investment securities increased $550.7 million, or 21.2 percent, from December 31, 2019 as a portion of the excess liquidity from deposit growth and additional wholesale funding was used to invest in the bond portfolio. Also contributing to the increase in investment securities was a $62.1 million increase in net unrealized gains on the available for sale portfolio. The net increase in unrealized gains from December 31, 2019 to December 31, 2020 is primarily due to interest rate declines in 2020 as the longer term points on the yield curve have declined since year-end, which increases the fair value of securities in the portfolio. Additional details of the changes in the Corporation's investment securities portfolio are discussed within NOTE 4. INVESTMENT SECURITIES of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Bad
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