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FRME $40.89

FRME target price
40.89
0
0
First Merchants Corporation
Type
Public
Traded as NASDAQ: FRME
Founded 1982 (First Merchants Corporation)
Headquarters Muncie, Indiana, United States
Key people
Michael Rechin, President & CEO
Products Banking, Trust
Total assets Increase$6.8 billion USD (2015)
Number of employees
1,400 (2013)
Website https://www.firstmerchants.com

First Merchants Corporation (Nasdaq: FRME) is the largest financial holding company based in Central Indiana. Since its organization in 1982, the Corporation has grown to include banks with more than 100 locations in 27 Indiana, 2 Ohio, and 2 Illinois counties, and a wealth management company. As of December 31, 2015, total asset size of First Merchants Corporation was $6.8 billion. Bank divisions within the corporation include:

First Merchants Bank was originally known as the Merchants National Bank of Muncie, Indiana, and it was organized during the Panic of 1893 by a group of service-minded businessmen who recognized a need in their community and acted to fulfill that need. Spearheaded by Hardin Roads, a former successful wholesale grocer, the enterprising men invested capital of $100,000. This was the only time it was necessary to raise capital through outside sources.

Official website

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-24 Future report Set alerts
Q2 2022 2022-07-26 1.06 1.06
Q1 2022 2022-04-26 0.91 0.91
Q4 2021 2022-01-27 0.89 0.89
Q3 2021 2021-10-26 0.98 0.98
Q2 2021 2021-07-26 1.03 1.03
Q1 2021 2021-04-22 0.91 0.91
Q4 2020 2021-01-28 0.83 0.83
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-07-23 0.62 0.62

Ratings

2016-07-11 Initiated Coverage Piper Jaffray Cos. Neutral $27.00
2016-01-29 Lower Price Target Keefe, Bruyette & Woods $28.50 to $27.50
2016-01-29 Upgrade Stephens Equal Weight to Overweight
2015-12-16 Initiated Coverage SunTrust Neutral $27.00
2015-12-16 Initiated Coverage SunTrust Banks Inc. Neutral $27.00
2015-10-02 Initiated Coverage Stephens Equal Weight
2015-04-28 Downgrade FIG Partners Outperform to Market Perform
2015-04-24 Downgrade Sandler O'Neill Buy to Hold
2014-06-03 Upgrade FIG Partners Market Perform to Outperform $23.50
2014-04-28 Upgrade DA Davidson Buy
2014-04-25 Upgrade DA Davidson Neutral to Buy $23.00 to $25.00
2014-01-06 Downgrade DA Davidson Buy to Neutral
2013-09-25 Initiated Coverage DA Davidson Buy $22.00
2011-04-29 Upgrade Stifel Nicolaus Hold to Buy $11
2010-09-29 Initiated Stifel Nicolaus Hold
2016-07-11 Initiated Coverage Piper Jaffray Cos. Neutral $27.00
2016-01-29 Lower Price Target Keefe, Bruyette & Woods $28.50 to $27.50
2016-01-29 Upgrade Stephens Equal Weight to Overweight
2015-12-16 Initiated Coverage SunTrust Neutral $27.00
2015-12-16 Initiated Coverage SunTrust Banks Inc. Neutral $27.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
RECHIN MICHAEL C Chief Executive Officer 0.29%  (105651) FRME /
HARDWICK MARK K Chief Financial Officer 0.18%  (64354) FRME /
Stewart Michael J Chief Banking Officer 0.15%  (53603) FRME /
Schalliol Charles E 0.14%  (51715) FRME / HCCI /
WALKER TERRY L 0.14%  (50793) FRME /
Lehman Gary 0.11%  (37995) FRME /
Sherman Patrick A 0.10%  (36129) FRME /
Marhenke Michael C 0.09%  (33950) FRME /
MARTIN JOHN Chief Credit Officer 0.08%  (27305) FRME /
WOJTOWICZ JEAN L 0.07%  (26149) FRME / INBK / VVC /
HOY WILLIAM L 0.07%  (26135) FRME /
ELLINGTON KIMBERLY J Director Human Resources 0.05%  (16925) FRME /
CONNORS ROBERT R Chief Information Officer 0.04%  (15829) FRME /
LORENTSON JEFFREY B Chief Risk Officer 0.04%  (15022) FRME /
GORA JO ANN M 0.03%  (12272) FRME /
FLUHLER STEPHAN Chief Information Officer 0.03%  (11468) FRME /
Becher Michael R 0.03%  (11065) FRME /
Halderman Howard 0.03%  (9701) FRME /
ENGLISH RODERICK 0.02%  (8854) FRME /
Kawiecki Michele DIRECTOR OF FINANCE 0.01%  (5065) FRME /