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Last $26.31 USD
Change Today +0.32 / 1.23%
Volume 21.7K
As of 12:30 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

first merchants corp (FRME) Snapshot

Open
$26.08
Previous Close
$25.99
Day High
$26.40
Day Low
$25.95
52 Week High
07/23/15 - $26.77
52 Week Low
08/1/14 - $19.56
Market Cap
994.1M
Average Volume 10 Days
134.4K
EPS TTM
$1.70
Shares Outstanding
37.8M
EX-Date
06/3/15
P/E TM
15.4x
Dividend
$0.44
Dividend Yield
1.33%
Current Stock Chart for FIRST MERCHANTS CORP (FRME)

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first merchants corp (FRME) Details

First Merchants Corporation operates as the financial holding company for First Merchants Bank, National Association that provides community banking services. It accepts time, savings, and demand deposits; and makes consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services. In addition, it operates as a property, casualty, personal lines, and employee benefit insurance agency. The company operates 106 banking locations in 26 Indiana, 2 Illinois, and 2 Ohio counties. Its delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. The company was founded in 1893 and is headquartered in Muncie, Indiana.

1,415 Employees
Last Reported Date: 02/27/15
Founded in 1893

first merchants corp (FRME) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $399.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $293.0K
Chief Banking Officer and Executive Vice Pres...
Total Annual Compensation: $286.1K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $228.9K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $181.2K
Compensation as of Fiscal Year 2014.

first merchants corp (FRME) Key Developments

First Merchants Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge Offs for the Second Quarter Ended June 30, 2015

First Merchants Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $49.03 million compared to $46.12 million a year ago. Earnings per share diluted were $0.47 compared to $0.41 a year ago. Income before income taxes was $26.82 million compared to $21.05 million a year ago. Net income available to common stockholders was $17.97 million compared to $15.16 million a year ago. Tangible book value per share was $14.15 compared to $13.14 a year ago. Return on average assets was 1.19% and return on average stockholders equity was 9.63% compared to return on average assets of 1.10% and return on average stockholders equity of 9.15% a year ago. For the six months, the company reported net interest income of $96.01 million compared to $92.01 million a year ago. Earnings per share diluted were $0.90 compared to $0.79 a year ago. Income before income tax was $48.83 million compared to $39.29 million a year ago. Net income available to common stockholders was $34.14 million compared to $28.78 million a year ago. Return on average assets was 1.15% and return on average stockholders equity was 9.22% compared to return on average assets of 1.05% and return on average stockholders equity of 8.80% a year ago. The company reported net charge offs of $668,000 compared to $1,216,000 a year ago.

First Merchants Corporation to Report Q2, 2015 Results on Jul 23, 2015

First Merchants Corporation announced that they will report Q2, 2015 results at 2:30 PM, US Eastern Standard Time on Jul 23, 2015

First Merchants Corporation, Q2 2015 Earnings Call, Jul 23, 2015

First Merchants Corporation, Q2 2015 Earnings Call, Jul 23, 2015

 

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FRME:US $26.31 USD +0.32

FRME Competitors

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Industry Analysis

FRME

Industry Average

Valuation FRME Industry Range
Price/Earnings 14.8x
Price/Sales 3.8x
Price/Book 1.3x
Price/Cash Flow 15.0x
TEV/Sales 1.1x
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