First Merchants
FRME

$37.29

3.72%

Market Cap: $2.16B

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

Financials National Commercial Banks

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

29% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 68

0.11% more ownership

Funds ownership: 72.69% [Q1] → 72.8% (+0.11%) [Q2]

0% less funds holding

Funds holding: 229 [Q1] → 228 (-1) [Q2]

4% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 27

6% less capital invested

Capital invested by funds: $1.49B [Q1] → $1.41B (-$82.8M) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$45

21%

upside

Avg. target

$46

24%

upside

High target

$50

34%

upside

4 analyst ratings

4 positive

100%

0 neutral

0%

0 negative

0%

Keefe, Bruyette & Woods Damon Delmonte 38% 1-year accuracy 5 / 13 met price target	21%upside $45	Outperform Maintained	28 Aug 2024
Keefe, Bruyette & Woods Damon Delmonte 38% 1-year accuracy 5 / 13 met price target	21%upside $45	Outperform Reiterated	29 Jul 2024
Piper Sandler Nathan Race 80% 1-year accuracy 16 / 20 met price target	34%upside $50	Overweight Maintained	29 Jul 2024
Stephens & Co. Terry McEvoy 76% 1-year accuracy 19 / 25 met price target	21%upside $45	Overweight Maintained	26 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about FRME published over the past 30 days

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.

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

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.

First Merchants Earns New Award: TIME Magazine's “America's Best Mid-Sized Company”

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans CHICAGO, IL / ACCESSWIRE / August 27, 2024 / Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ:OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ:FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in the Chicagoland area, and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank _____________ Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans _____________ CHICAGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Old Second Bancorp, Inc. (“Old Second Bancorp”) (NASDAQ: OSBC), the parent company of Old Second National Bank (“Old Second”), and First Merchants Corporation (“First Merchants Corp.”) (NASDAQ: FRME), the parent company of First Merchants Bank (“First Merchants”), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in Chicago and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 19, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is September 5, 2024.

First Merchants Corporation Announces Cash Dividend

Zacks Investment Research

Wall Street Analysts Predict a 30.09% Upside in First Merchants (FRME): Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 30.1% in First Merchants (FRME). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 30.09% Upside in First Merchants (FRME): Here's What You Should Know

Zacks Investment Research

What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?

Does First Merchants (FRME) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?

First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME ) Q2 2024 Earnings Conference Call July 25, 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 Daniel Tamayo - Raymond James Damon DelMonte – KBW Terry McEvoy – Stephens Inc. Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Operator Thank you for standing by, and welcome to First Merchants Corporation's Second 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's that involve risk and uncertainties.

First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript

Zacks Investment Research

First Merchants (FRME) Q2 Earnings Miss Estimates

First Merchants (FRME) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago.

First Merchants (FRME) Q2 Earnings Miss Estimates

First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share

MUNCIE, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Second Quarter 2024 Highlights: Net income available to common stockholders was $39.5 million and diluted earnings per common share totaled $.68 in the second quarter of 2024, compared to $60.4 million and $1.02 in the second quarter of 2023, and $47.5 million and $.80 in the first quarter of 2024.

First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share

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