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Last $20.83 USD
Change Today +0.01 / 0.05%
Volume 1.2M
As of 7:40 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

firstmerit corp (FMER) Snapshot

Open
$21.01
Previous Close
$20.82
Day High
$21.23
Day Low
$20.68
52 Week High
06/26/15 - $21.49
52 Week Low
01/29/15 - $16.26
Market Cap
3.5B
Average Volume 10 Days
1.2M
EPS TTM
$1.44
Shares Outstanding
165.8M
EX-Date
05/28/15
P/E TM
14.5x
Dividend
$0.64
Dividend Yield
3.07%
Current Stock Chart for FIRSTMERIT CORP (FMER)

firstmerit corp (FMER) Related Businessweek News

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firstmerit corp (FMER) Details

FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company’s Commercial segment offers commercial term loans, revolving credit arrangements, asset-based lending, leasing, commercial mortgages, real estate construction lending, and letters of credit, as well as treasury management, government banking, international banking, merchant card, and other depository products and services. Its Retail segment provides retail financial products and services, including consumer direct and indirect installment loans, debit and credit cards, debit gift cards, residential mortgage loans, home equity loans and lines of credit, deposit products, fixed and variable annuities, and ATM network services. This segment also offers deposit products comprising checking, savings, and money market accounts, as well as certificates of deposit. The company’s Wealth segment provides trust and investment services, such as personal trust and planning, investment management, estate settlement, and administration services; retirement plan services; retail mutual funds, other securities, variable and fixed annuities, personal disability and life insurance products, and brokerage services; and private banking services, which comprise credit, deposit, and asset management solutions. As of December 31, 2014, it operated a network of 383 banking offices and 411 automated teller locations, which included 149 branches in Ohio; 44 branches in Chicago, Illinois; 140 Michigan branches; 46 Wisconsin branches; and 4 branches in Western Pennsylvania, as well as a loan production office in Indianapolis, Indiana. FirstMerit Corporation was founded in 1855 and is headquartered in Akron, Ohio.

4,103 Employees
Last Reported Date: 05/1/15
Founded in 1855

firstmerit corp (FMER) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $465.8K
Vice Chairman, Chairman of Firstmerit Michiga...
Total Annual Compensation: $556.9K
Chief Credit Officer and Senior Executive Vic...
Total Annual Compensation: $465.8K
Vice Chairman and Chief Commercial Banking Of...
Total Annual Compensation: $395.9K
Compensation as of Fiscal Year 2014.

firstmerit corp (FMER) Key Developments

FirstMerit Corporation Appoints David G. Goodall as Vice Chairman and Chief Commercial Banking Officer, Effective June 1, 2015

FirstMerit Corporation announced the appointment of David G. Goodall as Vice Chairman and Chief Commercial Banking Officer of FirstMerit Corporation, effective June 1, 2015. Goodall will continue to have direct oversight of and responsibility for Commercial and Business Banking for FirstMerit and will continue to report to Paul G. Greig, Chairman, President and CEO of FirstMerit. Since David joined FirstMerit in 2009, first as Executive Vice President of Specialty Lending, then later to Senior Executive Vice President, Commercial Banking. Prior to joining FirstMerit in 2009, he was employed by National City for 12 years, most recently as President and CEO of National City Business Credit Inc.

FirstMerit Corporation Announces Appointment of Mark N. DuHamel as Executive Vice President, Deputy Chief Financial Officer

FirstMerit Corporation announced the appointment of Mark N. DuHamel as Executive Vice President, Deputy Chief Financial Officer. DuHamel has served as the company's treasurer since joining the company in 1996. DuHamel's responsibilities will include oversight of company's accounting and finance functions, investor relations, strategic planning, corporate development and capital planning. He will work closely with Terrence E. Bichsel, Senior Executive Vice President, Chief Financial and Administrative Officer, in leading these key functions as part of the company's ongoing succession planning process. DuHamel has 32 years of banking and financial industry experience. Prior to joining the company, he served in a variety of positions at First NH Bank, Sendero Corporation and First Vermont Bank.

FirstMerit Corporation Announces Dividend on Preferred Stock of Series A, Payable on August 4, 2015

The board of directors of FirstMerit Corporation announced a dividend of $14.69 per share, or $0.36725 per depository share, on the company's 5.875% non-cumulative perpetual preferred stock, Series A, payable on August 4, 2015, to shareholders of record on July 20, 2015.

 

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Industry Analysis

FMER

Industry Average

Valuation FMER Industry Range
Price/Earnings 14.8x
Price/Sales 3.5x
Price/Book 1.2x
Price/Cash Flow 14.3x
TEV/Sales 0.7x
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