with more than 100 banking locations throughout 27 indiana counties as well as two in both illinois and ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. first merchants corporation is the largest financial services holding company headquartered in central indiana. bank divisions within the corporation include: first merchants bank lafayette bank & trust first merchants private wealth advisors, one of the largest wealth management companies in indiana. together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. we are a team of associates who support and expect superior results from our company and ourselves. accountability and execution is the foundation of our success. we provide an experience where customers can bank with their neigh
![First Merchants logo](/files/LOGO/712534-FRME.png)
Company profile
Ticker
FRME
Exchange
Website
CEO
Michael Rechin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
FMB Portfolio Management, Inc. • FMB Properties, Inc • 8711 River Crossing, Inc. ...
IRS number
351544218
FRME stock data
Latest filings (excl ownership)
8-K
INVESTOR UPDATE Second Quarter 2024
25 Jul 24
8-K
First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share
25 Jul 24
8-K
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
15 Jul 24
S-8
Registration of securities for employees
4 Jun 24
8-K
Amendments to Articles of Incorporation or Bylaws
22 May 24
8-K
Departure of Directors or Certain Officers
10 May 24
8-K/A
Submission of Matters to a Vote of Security Holders
10 May 24
8-K
Submission of Matters to a Vote of Security Holders
9 May 24
8-K
First Merchants Corporation Announces Retirement of Board Chair Charles E. Schalliol and Appointment of New Board Chair Jean L. Wojtowicz
8 May 24
8-K
First Merchants Corporation Announces Cash Dividend
8 May 24
Transcripts
FRME
Earnings call transcript
2024 Q2
25 Jul 24
FRME
Earnings call transcript
2024 Q1
25 Apr 24
FRME
Earnings call transcript
2023 Q4
25 Jan 24
FRME
Earnings call transcript
2023 Q3
26 Oct 23
FRME
Earnings call transcript
2023 Q2
25 Jul 23
FRME
Earnings call transcript
2023 Q1
25 Apr 23
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
Latest ownership filings
13F-HR
Quarterly holdings report by institutional manager
25 Jul 24
4
STEPHAN FLUHLER
11 Jul 24
4
MARK K HARDWICK
11 Jul 24
4
JEAN L WOJTOWICZ
2 Jul 24
4
Michael J Stewart
2 Jul 24
4
Jason R Sondhi
2 Jul 24
4
MICHAEL C RECHIN
2 Jul 24
4
Gary Lehman
2 Jul 24
4
CLARK C KELLOGG
2 Jul 24
4
Kevin D Johnson
2 Jul 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
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) | 100.51 mm | 100.51 mm | 100.51 mm | 100.51 mm | 100.51 mm | 100.51 mm |
Cash burn (monthly) | 4.05 mm | 2.11 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 15.64 mm | 8.15 mm | n/a | n/a | n/a | n/a |
Cash remaining | 84.87 mm | 92.36 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 21.0 | 43.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
70.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 222 |
Opened positions | 194 |
Closed positions | 5 |
Increased positions | 5 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 1.37 tn |
Total shares | 41.25 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6.53 mm | $227.91 bn |
BLK Blackrock | 4.92 mm | $171.86 bn |
Dimensional Fund Advisors | 3.29 mm | $114.99 bn |
Earnest Partners | 2.62 mm | $91.38 bn |
STT State Street | 1.86 mm | $64.92 bn |
American Century Companies | 1.47 mm | $51.16 bn |
Geode Capital Management | 1.36 mm | $47.42 bn |
Cardinal Capital Management | 1.34 mm | $46.93 bn |
Victory Capital Management | 1.06 mm | $36.97 bn |
PFG Principal Financial Group Inc - Registered Shares | 910.49 k | $31.78 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Jul 24 | Hardwick Mark K | Phantom Stock Common Stock | Grant | Acquire A | No | No | 34.9 | 0.415 | 14.48 | 3,116.363 |
10 Jul 24 | Fluhler Stephan | Phantom Stock Common Stock | Grant | Acquire A | No | No | 34.9 | 1.64 | 57.24 | 823.7 |
30 Jun 24 | Becher Michael R | Common Stock | Grant | Acquire A | No | No | 33.29 | 727 | 24.20 k | 26,959.915 |
30 Jun 24 | Mung Chiang | Common Stock | Grant | Acquire A | No | No | 33.29 | 680 | 22.64 k | 4,243 |
30 Jun 24 | Susan W Brooks | Common Stock | Grant | Acquire A | No | No | 33.29 | 680 | 22.64 k | 7,757.26 |
News
Stephens & Co. Maintains Overweight on First Merchants, Raises Price Target to $45
26 Jul 24
First Merchants Q2 2024 Adj EPS $0.68 Misses $0.80 Estimate, Sales $159.905M Miss $160.510M Estimate
25 Jul 24
6 Regional Banks' Ratings on Review for Downgrade by Moody's
7 Jun 24
First Merchants Board Chair Charles E. Schalliol Retires, Appoints Jean L. Wojtowicz As New Board Chair, Effective May 7, 2024
8 May 24
Piper Sandler Maintains Overweight on First Merchants, Raises Price Target to $42.5
29 Apr 24
Press releases
First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share
25 Jul 24
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
15 Jul 24
First Merchants Corporation to Report Second Quarter 2024 Financial Results, Host Conference Call and Webcast
3 Jul 24
First Merchants Corporation Announces Retirement of Board Chair Charles E. Schalliol and Appointment of New Board Chair Jean L. Wojtowicz
8 May 24
First Merchants Corporation Announces Cash Dividend
8 May 24