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
Website
CEO
Michael Rechin
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
351544218
FRME stock data
()
Press releases
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of First Merchants Corporation (FRME)
2 Apr 21
First Merchants Corporation to Report First Quarter 2021 Financial Results, Host Conference Call and Webcast
1 Apr 21
First Merchants Corporation Elects Susan Brooks, Mark Hardwick to Its Board of Directors
11 Feb 21
First Merchants Corp. (Indiana) to Host Earnings Call
28 Jan 21
Investment data
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
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from company earnings reports.
Recent insider trades
| 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 |
Institutional ownership Q4 2020
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 |
|---|---|
| Total holders | 181 |
| Opened positions | 31 |
| Closed positions | 28 |
| Increased positions | 61 |
| Reduced positions | 61 |
13F shares |
Current |
|---|---|
| Total value | 1.52B |
| Total shares | 40.54M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 5.03M | $188.17M |
| BLK Blackrock | 3.93M | $147.2M |
| Dimensional Fund Advisors | 2.8M | $104.6M |
| Earnest Partners | 2.76M | $103.17M |
| Cardinal Capital Management | 2.22M | $83.02M |
| GS Goldman Sachs | 1.65M | $61.78M |
| STT State Street | 1.46M | $54.56M |
| BK Bank Of New York Mellon | 1.22M | $45.46M |
| NTRS Northern Trust | 1.21M | $45.11M |
| Geode Capital Management | 839.93K | $31.42M |
Financial report summary
?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 | ||
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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Bad
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New words:
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Removed:
arranged, callable, Castle, certification, Cincinnati, composite, considerable, contemplating, criminal, Delaware, delegated, doubt, eliminating, enacting, exact, factored, Fannie, filing, FMIG, forced, forfeiture, FR, generating, introduced, ladder, leaseback, lessee, lessor, likelihood, Mae, misconduct, nominating, Nonrefundable, nonvested, northeastern, numerator, promissory, publication, quote, Rechin, remove, reserving, retrospective, secondary, settled, simplified, suffering, task, tested, thrift, unchanged, underway, unusual, unwarranted, USI, vigorously
Financial reports
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
9 Nov 20
10-Q
2020 Q2
Quarterly report
7 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
8 Nov 19
10-K/A
2019 FY
Annual report (amended)
27 Sep 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
10 May 19
10-K
2018 FY
Annual report
27 Feb 19
Current reports
8-K
INVESTOR UPDATE First Quarter 2021
22 Apr 21
8-K
First Merchants Corporation Announces First Quarter 2021 Earnings Per Share
22 Apr 21
8-K
Departure of Directors or Certain Officers
12 Feb 21
8-K
Departure of Directors or Certain Officers
11 Feb 21
8-K
First Merchants Corporation Announces Cash Dividend
10 Feb 21
8-K
INVESTOR UPDATE Fourth Quarter 2020
28 Jan 21
8-K
First Merchants Corporation Announces Fourth Quarter 2020 Earnings Per Share
28 Jan 21
8-K
Other Events
27 Jan 21
8-K/A
Departure of Directors or Certain Officers
6 Jan 21
8-K
First Merchants Corporation Announces Consumer Banking Delivery Transformation Strategy
17 Dec 20
Registration and prospectus
424B3
Prospectus supplement
17 Jul 20
S-8
Registration of securities for employees
26 Jun 19
425
Business combination disclosure
7 Feb 19
425
Business combination disclosure
7 Feb 19
S-3ASR
Automatic shelf registration
6 Feb 19
425
Business combination disclosure
4 Feb 19
424B3
Prospectus supplement
21 Dec 18
S-4/A
Registration of securities issued in business combination transactions (amended)
19 Dec 18
S-4
Registration of securities issued in business combination transactions
3 Dec 18
425
Business combination disclosure
10 Oct 18
Proxies
DEF 14A
Definitive proxy
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Apr 19
DEF 14A
Definitive proxy
21 Mar 19
DEF 14A
Definitive proxy
21 Mar 18
DEF 14A
Definitive proxy
20 Mar 17
PRE 14A
Preliminary proxy
6 Mar 17
DEF 14A
Definitive proxy
22 Mar 16
DEF 14A
Definitive proxy
24 Mar 15
DEF 14A
Definitive proxy
1 Apr 14
Other
EFFECT
Notice of effectiveness
24 Dec 18
UPLOAD
Letter from SEC
30 Aug 17
CORRESP
Correspondence with SEC
29 Aug 17
UPLOAD
Letter from SEC
7 Aug 17
EFFECT
Notice of effectiveness
4 May 17
CORRESP
Correspondence with SEC
2 May 17
UPLOAD
Letter from SEC
26 Apr 17
CORRESP
Correspondence with SEC
23 Apr 17
EFFECT
Notice of effectiveness
23 Apr 17
CORRESP
Correspondence with SEC
13 Apr 17
Ownership
13F-HR
Quarterly holdings report by institutional manager
22 Apr 21
4/A
FIRST MERCHANTS / Susan W Brooks ownership change
5 Apr 21
4/A
FIRST MERCHANTS / Patrick A Sherman ownership change
5 Apr 21
4
FIRST MERCHANTS / Howard Halderman ownership change
2 Apr 21
4
FIRST MERCHANTS / Michael R Becher ownership change
2 Apr 21
4
FIRST MERCHANTS / MICHAEL C RECHIN ownership change
2 Apr 21
4
FIRST MERCHANTS / Charles E Schalliol ownership change
2 Apr 21
4
FIRST MERCHANTS / Michael J Stewart ownership change
2 Apr 21
4
FIRST MERCHANTS / Susan W Brooks ownership change
2 Apr 21
4
FIRST MERCHANTS / JEFFREY B LORENTSON ownership change
2 Apr 21
Transcripts
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
24 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
30 Jan 20
2019 Q3
Earnings call transcript
26 Oct 19
2019 Q2
Earnings call transcript
26 Jul 19
2019 Q1
Earnings call transcript
28 Apr 19
2018 Q4
Earnings call transcript
31 Jan 19
2018 Q3
Earnings call transcript
24 Oct 18
Reddit threads
Daily Discussion Thread - April 22nd, 2021
22 Apr 21
Daily Discussion Thread - April 21st, 2021
21 Apr 21
Daily Discussion Thread - April 20th, 2021
20 Apr 21
Daily Discussion Thread - April 19th, 2021
19 Apr 21
Daily Discussion Thread - March 4th, 2021
4 Mar 21
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Daily Discussion Thread - March 2nd, 2021
2 Mar 21
Daily Discussion Thread - March 1st, 2021
1 Mar 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
Daily Discussion Thread - December 3rd, 2020
3 Dec 20