First Merchants Corporation

FRME

US3208171096

Banks

Market Closed - Nasdaq Other stock markets 21:00:00 17/07/2024 BST			5-day change	1st Jan Change
39.64 ^USD	+2.96%		+17.56%	+6.90%

06-07	Moody's Reviews Creditworthiness of Six Regional Banks Over Commercial Real Estate Loans	MT
06-07	Moody's puts six US regional banks on downgrade review over CRE exposure	RE

First Merchants Corporation Reports Earnings Results for the Full Year Ended December 31, 2021

January 27, 2022 at 01:09 pm

First Merchants Corporation reported earnings results for the full year ended December 31, 2021. For the full year, the company reported net interest income was USD 410.68 million compared to USD 382.13 million a year ago. Net income was USD 205.53 million compared to USD 148.6 million a year ago.

Basic earnings per share from continuing operations was USD 3.82 compared to USD 2.75 a year ago. Diluted earnings per share from continuing operations was USD 3.81 compared to USD 2.74 a year ago.

Latest news about First Merchants Corporation

Moody's Reviews Creditworthiness of Six Regional Banks Over Commercial Real Estate Loans	06-07	MT
Moody's puts six US regional banks on downgrade review over CRE exposure	06-07	RE
Moody's may cut ratings of six US banks over commercial real estate exposure	06-07	RE
Creative Realities Enters Into New Revolving Credit Facility With First Merchants Bank	05-28	MT
TSR Agrees to be Acquired for $29 Million	05-16	MT
First Merchants Board Chair Retires, Succeeded by Jean Wojtowicz	05-08	MT
First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes	05-08	CI
First Merchants Corporation Declares Cash Dividend, Payable on June 21, 2024	05-08	CI
Piper Sandler Adjusts Price Target on First Merchants to $42.50 From $41, Maintains Overweight Rating	04-29	MT
Transcript : First Merchants Corporation, Q1 2024 Earnings Call, Apr 25, 2024	04-25
Earnings Flash (FRME) FIRST MERCHANTS CORPORATION Posts Q1 Adjusted EPS $0.85	04-25	MT
Tranche Update on First Merchants Corporation's Equity Buyback Plan announced on January 27, 2021.	04-25	CI
First Merchants Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	04-25	CI
North American Morning Briefing : More Tech -2-	04-25	DJ
Tranche Update on First Merchants Corporation's Equity Buyback Plan announced on January 27, 2021.	02-29	CI
First Merchants Maintains Cash Dividend at $0.34 per Share; Payable March 15 to Shareholders of Record on March 1	02-07	MT
First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024	02-07	CI
Raymond James Adjusts Price Target on First Merchants to $40 From $33, Maintains Outperform Rating	01-29	MT
Transcript : First Merchants Corporation, Q4 2023 Earnings Call, Jan 25, 2024	01-25
First Merchants Q4 Adjusted Earnings, Revenue Decline	01-25	MT
Earnings Flash (FRME) FIRST MERCHANTS CORPORATION Posts Q4 EPS $0.87, vs. Street Est of $0.87	01-25	MT
First Merchants Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	01-25	CI
First Merchants Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	01-25	CI
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	01-25	DJ
First Merchants' Banking Unit to Open New Detroit Branch	01-23	MT

Chart First Merchants Corporation

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Company Profile

First Merchants Corporation is a financial holding company. The Company conducts banking activities through its wholly owned subsidiary, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of financial services, including accepting time, savings, and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; offering full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services. The Company operates through a community banking segment. The Bank includes 116 banking locations in Indiana, Ohio, Michigan, and Illinois. In addition to its branch network, the Company offers comprehensive electronic and mobile delivery channels to its customers.

Sector

Banks

Calendar

25/07/2024 - Q2 2024 Earnings Release

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Russell 2000

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Ratings for First Merchants Corporation

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

39.64 USD

Average target price

41.2 USD

Spread / Average Target

+3.94%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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