Last $21.55 USD
Change Today -0.28 / -1.28%
Volume 64.8K
FRME On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

first merchants corp (FRME) Snapshot

Open
$22.07
Previous Close
$21.83
Day High
$22.07
Day Low
$21.52
52 Week High
12/24/13 - $23.35
52 Week Low
06/2/14 - $19.38
Market Cap
777.4M
Average Volume 10 Days
51.6K
EPS TTM
$1.73
Shares Outstanding
36.1M
EX-Date
12/3/14
P/E TM
12.5x
Dividend
$0.32
Dividend Yield
1.21%
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.

1,449 Employees
Last Reported Date: 03/14/14
Founded in 1893

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 December 19, 2014

First Merchants Corporation declared a cash dividend on November 13, 2014 of $0.08 per share, payable on December 19, 2014, to shareholders of record on December 5, 2014. For purposes of broker trading, the ex-date of the cash dividend is December 3, 2014.

First Merchants Corporation Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter of 2014

First Merchants Corporation reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $53,290,000 compared with $40,736,000 for the same period last year. Net interest income was $47,866,000 compared with $37,022,000 for the same period last year. Income before income tax was $21,984,000 compared with $13,070,000 for the same period last year. Net income available to common stockholders was $16,122,000 or $0.45 diluted per share compared with $9,973,000 or $0.35 diluted per share for the same period last year. Return on average assets was 1.16% compared with 0.93% for the same period last year. Return on average stockholders equity was 9.49% compared with 7.85% for the same period last year. Return on average common stockholders equity was 9.50% compared to 8.42% for the same period last year. Tangible book value per share was $13.53 as at September 30, 2014 $11.56 against September 30, 2013. For the nine months, the company reported total interest income of $155,826,000 compared with $125,127,000 for the same period last year. Net interest income was $139,877,000 compared with $113,130,000 for the same period last year. Income before income tax was $60,775,000 compared with $44,573,000 for the same period last year. Net income available to common stockholders was $44,902,000 or $1.24 diluted per share compared with $30,944,000 or $1.07 diluted per share for the same period last year. Return on average assets was 1.09% compared with 0.96% for the same period last year. Return on average stockholders equity was 9.04% compared with 7.81% for the same period last year. Return on average common stockholders equity was 9.04% compared with 8.76% for the same period last year. Net charge-offs totaled $4.4 million for the third quarter of 2014, up from $3.5 million in the third quarter of 2013.

FRME Eyes Acquisitions

First Merchants Corporation (NasdaqGS:FRME) is looking for acquisition opportunities. Michael Rechin, president and Chief Executive officer of FRME said that we embark on this closure of an acquisition opportunity in the near term.

 

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Industry Analysis

FRME

Industry Average

Valuation FRME Industry Range
Price/Earnings 13.6x
Price/Sales 3.2x
Price/Book 1.1x
Price/Cash Flow 13.8x
TEV/Sales 0.5x
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