Last $22.56 USD
Change Today -0.31 / -1.36%
Volume 85.7K
FRME On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

first merchants corp (FRME) Snapshot

Open
$22.83
Previous Close
$22.87
Day High
$23.03
Day Low
$22.56
52 Week High
02/17/15 - $23.49
52 Week Low
06/2/14 - $19.38
Market Cap
850.1M
Average Volume 10 Days
66.5K
EPS TTM
$1.68
Shares Outstanding
37.7M
EX-Date
03/5/15
P/E TM
13.4x
Dividend
$0.32
Dividend Yield
1.29%
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. The company offers a range of financial services, including accepting time deposits, and savings and demand deposits; making consumer, commercial, agri-business, and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; offering full-service brokerage; and providing other corporate services, letters of credit, and repurchase agreements. It also operates as a property, casualty, personal lines, and employee benefit insurance agency. The company operates 95 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. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

first merchants corp (FRME) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $385.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $282.9K
Chief Banking Officer and Executive Vice Pres...
Total Annual Compensation: $276.2K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $216.2K
Compensation as of Fiscal Year 2013.

first merchants corp (FRME) Key Developments

First Merchants Corporation Declares Cash Dividend, Payable on March 20, 2015

First Merchants Corporation declared a cash dividend on February 25, 2015 of $0.08 per share, payable on March 20, 2015 to shareholders of record on March 9, 2015. For purposes of broker trading, the ex-date of the cash dividend is March 5, 2015.

First Merchants Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

First Merchants Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter, the company reported net income available to common stockholders of $15.260 million compared to $11.206 million in the fourth quarter of 2013. Diluted earnings per share available to common stockholders for the fourth quarter of 2014 increased by 21% totaling $0.41, compared to $0.34 per share in the 4th quarter of 2013. Total interest income was $53.053 million against $45.707 million a year ago. Net interest income was $47.160 million against $41.135 million a year ago. Net interest income after provision for loan losses was $46.200 million against $40.119 million a year ago. Income before income tax was $20.777 million against $14.634 million a year ago. Return on average assets was 1.06% against 0.91% a year ago. Return on average stockholders equity was 8.55% against 7.78% a year ago. Return on average common stockholders equity was 8.56% against 8.05% a year ago. For the year, the company has recorded 2014 record net income available to common stockholders of $60.162 million, an increase of $18 million over 2013 net income of $42.150 million. Diluted earnings per share totaled available to common stockholders was $1.65, an increase of $0.24 and 17% over 2013 earnings per share of $1.41. Total interest income was $208.879 million against $170.834 million a year ago. Net interest income was $187.037 million against $154.265 million a year ago. Net interest income after provision for loan losses was $184.477 million against $147.617 million a year ago. Income before income tax was $81.552 million against $59.207 million a year ago. Return on average assets was 1.08% against 0.95% a year ago. Return on average stockholders equity was 8.91% against 7.80% a year ago. Return on average common stockholders equity was 8.91% against 8.55% a year ago. Tangible book value per share was $13.65 as on December 31, 2014 against $12.17 as on December 31, 2013. Higher net interest income on line 1, reductions in provision expense on line 2 and lower SPLF dividends on line 8 led to a 43% increase in net income and a 17% increase in EPS, given the increase in shares outstanding related to the acquisitions. The company reported net charge-offs of $2.592 million for the fourth quarter ended December 31, 2014.

First Merchants Corporation to Report Q4, 2014 Results on Jan 27, 2015

First Merchants Corporation announced that they will report Q4, 2014 results at 2:30 PM, US Eastern Standard Time on Jan 27, 2015

 

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Industry Analysis

FRME

Industry Average

Valuation FRME Industry Range
Price/Earnings 13.7x
Price/Sales 3.4x
Price/Book 1.2x
Price/Cash Flow 14.1x
TEV/Sales 1.1x
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