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Last $17.29 USD
Change Today -0.17 / -0.97%
Volume 763.3K
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

firstmerit corp (FMER) Snapshot

Open
$17.23
Previous Close
$17.46
Day High
$17.41
Day Low
$17.11
52 Week High
06/26/15 - $21.49
52 Week Low
01/29/15 - $16.26
Market Cap
2.9B
Average Volume 10 Days
1.8M
EPS TTM
$1.41
Shares Outstanding
165.8M
EX-Date
08/27/15
P/E TM
12.3x
Dividend
$0.68
Dividend Yield
3.76%
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. It operates a network of 367 banking offices and 399 ATM locations in Ohio, Michigan, Wisconsin, Illinois, and Pennsylvania. The company was formerly known as First Bancorporation of Ohio and changed its name to FirstMerit Corporation in 1995. FirstMerit Corporation was founded in 1845 and is headquartered in Akron, Ohio.

4,017 Employees
Last Reported Date: 07/31/15
Founded in 1855

firstmerit corp (FMER) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $465.8K
Vice Chairman
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 Announces Cash Dividend on Preferred Stock Payable November 4, 2015

FirstMerit Corporation announced that its Board of Directors has declared 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 November 4, 2015, to shareholders of record on October 20, 2015.

FirstMerit Corporation Announces Quarterly Cash Dividend Payable September 21, 2015

FirstMerit Corporation announced that its Board of Directors has declared an increase in the company's quarterly dividend of 6.25% and has declared a quarterly cash dividend of $0.17 per share on the company's common stock, payable September 21, 2015, to shareholders of record on August 31, 2015.

U.S. Department of Commerce Names FirstMerit Corporation as Strategic Partner

FirstMerit Corporation announced that the company has signed a Strategic Partnership agreement with The U.S. Department of Commerce International Trade Administration. As a Strategic Partner, FirstMerit will support the International Trade Administration's mission of broadening and deepening the U.S. exporter base. As a Strategic Partner, FirstMerit will work with the Department of Commerce on programs of interest to FirstMerit customers covering topics such as exporting trends, geographic information and industry-specific intelligence.

 

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FMER:US $17.29 USD -0.17

FMER Competitors

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Company Last Change
Associated Banc-Corp $17.84 USD -0.09
EverBank Financial Corp $19.50 USD -0.05
TCF Financial Corp $15.10 USD -0.14
Webster Financial Corp $34.53 USD -0.13
Wintrust Financial Corp $50.74 USD -0.32
View Industry Companies
 

Industry Analysis

FMER

Industry Average

Valuation FMER Industry Range
Price/Earnings 12.5x
Price/Sales 2.9x
Price/Book 1.0x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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