First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).
FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

Company profile
Ticker
FRME, FRMEP
Exchange
Website
CEO
Michael Rechin
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
FMB Portfolio Management, Inc. • FMB Properties, Inc • FMB Risk Management, Inc. • FMB Tax Credit Holdings • Property Management Advisors, Inc. ...
IRS number
351544218
FRME stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
1 Mar 23
8-K
Departure of Directors or Certain Officers
10 Feb 23
8-K
First Merchants Corporation Announces Cash Dividend
8 Feb 23
8-K
Departure of Directors or Certain Officers
8 Feb 23
8-K
INVESTOR UPDATE Fourth Quarter 2022
26 Jan 23
8-K
First Merchants Corporation Announces Record Fourth Quarter and Full Year 2022 Results
26 Jan 23
8-K
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
20 Jan 23
8-K
Other Events
3 Jan 23
10-Q
2022 Q3
Quarterly report
9 Nov 22
8-K
First Merchants Corporation Announces Cash Dividend
9 Nov 22
Transcripts
FRME
Earnings call transcript
2022 Q4
26 Jan 23
FRME
Earnings call transcript
2022 Q3
25 Oct 22
FRME
Earnings call transcript
2022 Q2
26 Jul 22
FRME
Earnings call transcript
2022 Q1
26 Apr 22
FRME
Earnings call transcript
2021 Q4
27 Jan 22
FRME
Earnings call transcript
2021 Q3
26 Oct 21
FRME
Earnings call transcript
2021 Q2
26 Jul 21
FRME
Earnings call transcript
2021 Q1
23 Apr 21
FRME
Earnings call transcript
2020 Q4
29 Jan 21
FRME
Earnings call transcript
2020 Q3
28 Oct 20
Latest ownership filings
Financial summary
Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 122.59 mm | 122.59 mm | 122.59 mm | 122.59 mm | 122.59 mm | 122.59 mm |
Cash burn (monthly) | (no burn) | 3.71 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 10.86 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 111.73 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 30.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
13F holders | Current |
---|---|
Total holders | 226 |
Opened positions | 29 |
Closed positions | 20 |
Increased positions | 76 |
Reduced positions | 74 |
13F shares | Current |
---|---|
Total value | 1.71 tn |
Total shares | 43.24 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6.43 mm | $264.18 bn |
BLK Blackrock | 4.13 mm | $169.69 bn |
Dimensional Fund Advisors | 2.85 mm | $117.10 bn |
Earnest Partners | 2.84 mm | $116.58 bn |
Cardinal Capital Management | 2.30 mm | $94.41 bn |
STT State Street | 1.54 mm | $63.32 bn |
Geode Capital Management | 1.12 mm | $46.05 bn |
GS Goldman Sachs | 966.91 k | $39.75 bn |
PFG Principal Financial Group Inc - Registered Shares | 959.82 k | $39.46 bn |
Boston Partners | 911.27 k | $37.66 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 23 | Fluhler Stephan | Phantom Stock Common Stock | Grant | Acquire A | No | No | 34.44 | 48.194 | 1.66 k | 558.617 |
20 Mar 23 | Hardwick Mark K | Phantom Stock Common Stock | Grant | Acquire A | No | No | 34.44 | 47.134 | 1.62 k | 2,955.502 |
17 Mar 23 | Wojtowicz Jean L | Common Stock | Option exercise | Acquire M | No | No | 17.29 | 1,500 | 25.94 k | 47,222.417 |
17 Mar 23 | Wojtowicz Jean L | Non-Employee Director Stock Option Common Stock | Option exercise | Dispose M | No | No | 17.29 | 1,500 | 25.94 k | 0 |
3 Mar 23 | Lehman Gary | Common Stock | Sell | Dispose S | No | No | 40.09 | 1,465 | 58.73 k | 45,010.201 |
3 Mar 23 | Lehman Gary | Common Stock | Option exercise | Acquire M | No | No | 21.65 | 1,500 | 32.47 k | 46,475.201 |
3 Mar 23 | Lehman Gary | Common Stock | Option exercise | Acquire M | No | No | 17.29 | 1,500 | 25.94 k | 44,975.201 |
3 Mar 23 | Lehman Gary | Non-Employee Director Stock Option Common Stock | Option exercise | Dispose M | No | No | 21.65 | 1,500 | 32.47 k | 0 |
3 Mar 23 | Lehman Gary | Non-Employee Director Stock Option Common Stock | Option exercise | Dispose M | No | No | 17.29 | 1,500 | 25.94 k | 0 |
21 Feb 23 | Becher Michael R | Common Stock | Option exercise | Acquire M | No | No | 17.29 | 1,500 | 25.94 k | 20,738.977 |
News
Stocks That Hit 52-Week Lows On Friday
24 Mar 23
Benzinga's Top Ratings Upgrades, Downgrades For February 21, 2023
21 Feb 23
Raymond James Downgrades First Merchants to Outperform, Announces $50 Price Target
21 Feb 23
Raymond James Maintains Strong Buy on First Merchants, Lowers Price Target to $50
30 Jan 23
First Merchants Q4 Adj EPS $1.19 Beats $1.16 Estimate, Sales $173.11M Miss $179.08M Estimate
26 Jan 23
Press releases
First Merchants Corporation Announces Cash Dividend
8 Feb 23
FIRST MERCHANTS CORPORATION APPOINTS DR. MUNG CHIANG TO ITS BOARDS OF DIRECTORS
8 Feb 23
First Merchants Corporation Appoints Dr. Mung Chiang to Its Boards of Directors
8 Feb 23
First Merchants Corporation Announces Record Fourth Quarter and Full Year 2022 Results
26 Jan 23
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
20 Jan 23