Last $20.31 USD
Change Today -0.20 / -0.98%
Volume 145.9K
FRME On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

first merchants corp (FRME) Snapshot

Open
$20.44
Previous Close
$20.51
Day High
$20.61
Day Low
$20.30
52 Week High
12/24/13 - $23.35
52 Week Low
09/23/13 - $16.88
Market Cap
732.3M
Average Volume 10 Days
86.3K
EPS TTM
$1.62
Shares Outstanding
36.1M
EX-Date
09/3/14
P/E TM
12.5x
Dividend
$0.32
Dividend Yield
1.28%
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 September 19, 2014

On August 15, 2014, First Merchants Corporation announced the declaration of a cash dividend of $0.08 per share. The cash dividend is payable on September 19, 2014 to stockholders of record as of September 5, 2014.

First Merchants Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Quarter Ended June 30, 2014

First Merchants Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $51.527 million compared to $40.653 million a year ago. Net interest income was $46.119 million compared to $36.650 million a year ago. Net interest income after provision for loan losses was $46.119 million against $34.653 million a year ago. Income before income tax was $20.802 million compared to $14.970 million a year ago. Net income available to common stockholders was $15.160 million or $0.41 per diluted share compared to $9.963 million or $0.34 per diluted share a year ago. Return on average assets was 1.10% compared to 0.92% a year ago. Return on average stockholders' equity was 9.15% compared to 7.34% a year ago. Return on average common stockholders' equity was 9.15% compared to 8.40% a year ago. For the six months, the company reported total interest income of $102.536 million compared to $84.391 million a year ago. Net interest income was $92.011 million compared to $76.108 million a year ago. Net interest income after provision for loan losses was $92.011 million against $72.009 million a year ago. Income before income tax was $38.791 million compared to $31.503 million a year ago. Net income available to common stockholders was $28.780 million or $0.79 per diluted share compared to $20.971 million or $0.72 per diluted share a year ago. Return on average assets was 1.05% compared to 0.98% a year ago. Return on average stockholders' equity was 8.80% compared to 7.79% a year ago. Return on average common stockholders' equity was 8.81% compared to 8.93% a year ago. Tangible book value per share as on June 30, 2014 was $13.14 compared to $11.27 as on June 30, 2013. For the quarter, the company reported net charge-offs of $1.216 million compared to $2.332 million a year ago.

First Merchants Corporation Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014

First Merchants Corporation Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 . Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: Mark K. Hardwick, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Michael C. Rechin, Chief Executive Officer, President and Director.

 

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Industry Analysis

FRME

Industry Average

Valuation FRME Industry Range
Price/Earnings 13.8x
Price/Sales 3.3x
Price/Book 1.1x
Price/Cash Flow 14.6x
TEV/Sales 0.0x
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