First Merchants (FRME)

Company Profile

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

NASDAQ

Website

www.firstmerchants.com

CEO

Michael Rechin

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Citigroup • U.S. Bancorp. • PNC Financial Services • Shinhan Financial • HSBC USA • Bank Of America • Regions Financial • Keycorp • Santander Holdings USA ...

SEC CIK

0000712534

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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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

9 Nov 22

First Merchants Corporation Announces Cash Dividend

9 Nov 22

Transcripts

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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

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Financial summary

Financial statements Chart FRME financial data

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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

FRME institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	226	217	+4.1%
Opened positions	29	23	+26.1%
Closed positions	20	26	-23.1%
Increased positions	76	83	-8.4%
Reduced positions	74	63	+17.5%

13F shares	Current	Prev Q	Change
Total value	1.71 tn	1.59 bn	+107937.5%
Total shares	43.24 mm	40.96 mm	+5.6%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Vanguard	6.43 mm	$264.18 bn	+2.6%
BLK Blackrock	4.13 mm	$169.69 bn	+3.1%
Dimensional Fund Advisors	2.85 mm	$117.10 bn	+1.7%
Earnest Partners	2.84 mm	$116.58 bn	+9.5%
Cardinal Capital Management	2.30 mm	$94.41 bn	-2.6%
STT State Street	1.54 mm	$63.32 bn	NEW
Geode Capital Management	1.12 mm	$46.05 bn	+4.1%
GS Goldman Sachs	966.91 k	$39.75 bn	-4.2%
PFG Principal Financial Group Inc - Registered Shares	959.82 k	$39.46 bn	-7.5%
Boston Partners	911.27 k	$37.66 bn	+14.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	1.54 mm	+1.54 mm	NEW
Norges Bank	466.93 k	+466.93 k	NEW
Fisher Asset Management	400.17 k	+313.01 k	+359.1%
Deprince Race & Zollo	579.55 k	-308.84 k	-34.8%
Earnest Partners	2.84 mm	+246.56 k	+9.5%
Vanguard	6.43 mm	+164.99 k	+2.6%
Millennium Management	101.33 k	-161.43 k	-61.4%
American Century Companies	778.97 k	+143.48 k	+22.6%
BLK Blackrock	4.13 mm	+124.23 k	+3.1%
Bridgeway Capital Management	83.49 k	-119.68 k	-58.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FRME insider ownership history Insider history

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