First MerchantsFRME
FRME
About: First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment which is community banking.
Employees: 2,162
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 19
24% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 70
12% more capital invested
Capital invested by funds: $1.42B [Q2] → $1.59B (+$167M) [Q3]
5% more funds holding
Funds holding: 228 [Q2] → 240 (+12) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
0.12% less ownership
Funds ownership: 73.21% [Q2] → 73.09% (-0.12%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$47
15%
upside
Avg. target
$49
19%
upside
High target
$50
22%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target | 22%upside $50 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Nathan Race 95% 1-year accuracy 20 / 21 met price target | 15%upside $47 | Overweight Maintained | 28 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 12, 2024 of $0.35 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is December 5, 2024.
Neutral
Seeking Alpha
1 month ago
First Merchants Corporation (FRME) Q3 2024 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q3 2024 Earnings Conference Call October 24, 2024 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Daniel Tamayo - Raymond James Brendan Nosal - Hovde Group Brian Martin - Janney Operator Welcome to the First Merchants Corporation Third Quarter 2024 Earnings Conference Call. Before we begin, management would like to remind you that today's call contains forward looking statements with respect to the future performance and financial condition of First Merchants Corporation that involves risks and uncertainties.
Positive
Zacks Investment Research
1 month ago
First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for First Merchants (FRME) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
First Merchants (FRME) Tops Q3 Earnings Estimates
First Merchants (FRME) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.94 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
First Merchants Corporation Announces Third Quarter 2024 Earnings per Share
MUNCIE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Third Quarter 2024 Highlights: Net income available to common stockholders was $48.7 million and diluted earnings per common share totaled $0.84, compared to $55.9 million and $0.94 in the third quarter of 2023, and $39.5 million and $0.68 in the second quarter of 2024.
Neutral
GlobeNewsWire
2 months ago
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on November 15, 2024, to stockholders of record on October 31, 2024.
Neutral
GlobeNewsWire
2 months ago
First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Oct. 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2024 financial results on October 24, 2024. The Corporation will host a third quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, October 24, 2024.
Positive
Zacks Investment Research
2 months ago
All You Need to Know About First Merchants (FRME) Rating Upgrade to Buy
First Merchants (FRME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Seeking Alpha
3 months ago
First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year
The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I'm expecting earnings to recover next year after falling in 2024.
Neutral
GlobeNewsWire
3 months ago
First Merchants Earns New Award: TIME Magazine's “America's Best Mid-Sized Company”
MUNCIE, Ind., Sept. 17, 2024 (GLOBE NEWSWIRE) -- First Merchants Bank (NASDAQ: FRME) is one of the select few regional banks to receive the TIME Magazine "America's Best Mid-Sized Companies” award.
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