View Future GrowthFirst Merchants 과거 순이익 실적과거 기준 점검 2/6First Merchants은 연평균 2%의 비율로 수입이 증가해 온 반면, Banks 산업은 수입이 14.6% 증가했습니다. 매출은 연평균 5.3%의 비율로 증가했습니다. First Merchants의 자기자본이익률은 7.4%이고 순이익률은 30.9%입니다.핵심 정보2.03%순이익 성장률0.36%주당순이익(EPS) 성장률Banks 산업 성장률10.63%매출 성장률5.28%자기자본이익률7.44%순이익률30.88%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트공시 • Apr 24First Merchants Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2026First Merchants Corporation reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $10,256,000 compared to $4,926,000 a year ago.Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: US$0.46 (vs US$0.95 in 1Q 2025)First quarter 2026 results: EPS: US$0.46 (down from US$0.95 in 1Q 2025). Revenue: US$152.2m (down 2.5% from 1Q 2025). Net income: US$27.7m (down 50% from 1Q 2025). Profit margin: 18% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.공시 • Apr 02First Merchants Corporation to Report Q1, 2026 Results on Apr 22, 2026First Merchants Corporation announced that they will report Q1, 2026 results on Apr 22, 2026Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$3.90 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.90 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.25% (up from 3.19% in FY 2024). Cost-to-income ratio: 54.5% (up from 53.6% in FY 2024). Non-performing loans: 0.52% (down from 0.57% in FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.Reported Earnings • Jan 27Full year 2025 earnings released: EPS: US$3.88 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.88 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.공시 • Jan 27First Merchants Corporation Announces Net Charge Offs for the Quarter Ended December 31, 2025First Merchants Corporation announced net charge offs for the quarter ended December 31, 2025. For the quarter, the company reported net charge offs of $6,021,000 against $771,000 a year ago.모든 업데이트 보기Recent updates공시 • 7h+ 5 more updatesFirst Merchants Corporation(NasdaqGS:FRME) dropped from Russell 2000 Growth-Defensive IndexFirst Merchants Corporation(NasdaqGS:FRME) dropped from Russell 2000 Growth-Defensive Index공시 • Jun 25First Merchants Corporation (NasdaqGS:FRME) announces an Equity Buyback for 3,125,000 shares, representing 5% for $100 million.First Merchants Corporation (NasdaqGS:FRME) announces a share repurchase program. Under the program, the company will repurchase up to 3,125,000 shares, representing 5% for $100 million.Recent Insider Transactions • Jun 15Director recently sold €721k worth of stockOn the 12th of June, Larry Myers sold around 20k shares on-market at roughly €36.06 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months.Declared Dividend • May 25First quarter dividend of US$0.37 announcedShareholders will receive a dividend of US$0.37. Ex-date: 5th June 2026 Payment date: 19th June 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • May 21+ 1 more updateFirst Merchants Corporation announces Quarterly dividend, payable on June 19, 2026First Merchants Corporation announced Quarterly dividend of USD 0.3700 per share payable on June 19, 2026, ex-date on June 05, 2026 and record date on June 05, 2026.공시 • Apr 24First Merchants Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2026First Merchants Corporation reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $10,256,000 compared to $4,926,000 a year ago.Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: US$0.46 (vs US$0.95 in 1Q 2025)First quarter 2026 results: EPS: US$0.46 (down from US$0.95 in 1Q 2025). Revenue: US$152.2m (down 2.5% from 1Q 2025). Net income: US$27.7m (down 50% from 1Q 2025). Profit margin: 18% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.공시 • Apr 06First Merchants Corporation, Annual General Meeting, May 19, 2026First Merchants Corporation, Annual General Meeting, May 19, 2026.공시 • Apr 02First Merchants Corporation to Report Q1, 2026 Results on Apr 22, 2026First Merchants Corporation announced that they will report Q1, 2026 results on Apr 22, 2026Upcoming Dividend • Feb 27Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 06 March 2026. Payment date: 06 March 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.4%).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$3.90 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.90 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.25% (up from 3.19% in FY 2024). Cost-to-income ratio: 54.5% (up from 53.6% in FY 2024). Non-performing loans: 0.52% (down from 0.57% in FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.Declared Dividend • Feb 13Fourth quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 6th March 2026 Payment date: 6th March 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 11First Merchants Corporation Declares Cash Dividend, Payable on March 20, 2026On February 10, 2026, First Merchants Corporation issued a press release announcing the declaration of a cash dividend of $0.36 per common share. The cash dividend is payable on March 20, 2026 to common stockholders of record as of March 6, 2026.공시 • Feb 10First Merchants Corporation and First Merchants Bank Announces Appointment of Larry Myers to Board of DirectorsFirst Merchants Corporation announced that Larry Myers has been appointed to the Boards of Directors of First Merchants Corporation and First Merchants Bank. Myers recently announced plans to transition from his role as President and Chief Executive Officer of First Savings Bank and First Savings Financial Group Inc., positions he has held for nearly 20 years. During Myers’ tenure at First Savings, he served as Chairman of the Indiana Bankers Association and on the board of the American Bankers Association. He earned both his Bachelor of Science and MBA from the University of Kentucky and joined the Federal Home Loan Bank Board of Directors in 2018. Myers’ career includes decades of experience in community banking, credit management, and regional economic development. The Board of Directors of First Merchants Corporation increased the size of its Board of Directors from twelve to thirteen members with the additional vacancy added in Class III.공시 • Feb 03First Merchants Corporation (NasdaqGS:FRME) completed the acquisition of First Savings Financial Group, Inc. (NasdaqCM:FSFG).First Merchants Corporation (NasdaqGS:FRME) entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (NasdaqCM:FSFG) for approximately $230 million on September 24, 2025. The all-stock transaction is currently valued at approximately $241.3 million. The merger agreement provides that the common shareholders of First Savings will have the right to receive 0.85 of a share of First Merchants common stock. First Merchants expects to appoint Larry W. Myers, President and Chief Executive Officer and a Director of First Savings, to its Board of Directors in connection with the merger. First Merchants anticipates earnings per share accretion of approximately 11% in 2027 and a tangible book value earnback period of 3.0 years. Sell side termination fee is $10 million. The transaction is subject to First Savings’ shareholder approval, regulatory approvals, effectiveness of a Form S-4 registration statement, authorization for listing on the Nasdaq Global Select Market of the shares of First Merchants common stock, court approval and other customary conditions. First Merchants’ shareholder approval is not required. The Boards of Directors of both First Merchants and First Savings have approved the Merger Agreement. All regulatory and approval from the holders of First Savings Common Stock shall has been received as of October 17, 2025. The transaction is expected to close in the first quarter of 2026. On January 15, 2026, First Merchants Corporation received the non-objection of the Federal Reserve Bank of Chicago in connection with the Company’s request for a waiver of application related to its pending merger with First Savings Financial Group, Inc. First Merchants and First Savings anticipate that the Merger will become effective as of February 1, 2026, subject to satisfaction of certain customary closing conditions contained in the Merger Agreement. Stephens Inc. is serving as financial advisor to First Merchants, and Jeremy E. Hill of Dentons is serving as legal advisor. Piper Sandler & Co. is serving as financial advisor, fairness opinion provider to First Savings and will receive a fee of 1.625% of the aggregate purchase price, of which $0.4 million for opinion rendered. Victor L. Cangelosi and Thomas P. Hutton of Luse Gorman, PC is serving as legal advisor. First Merchants Corporation (NasdaqGS:FRME) completed the acquisition of First Savings Financial Group, Inc. (NasdaqCM:FSFG) on February 1, 2026.Reported Earnings • Jan 27Full year 2025 earnings released: EPS: US$3.88 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.88 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.공시 • Jan 27First Merchants Corporation Announces Net Charge Offs for the Quarter Ended December 31, 2025First Merchants Corporation announced net charge offs for the quarter ended December 31, 2025. For the quarter, the company reported net charge offs of $6,021,000 against $771,000 a year ago.공시 • Jan 06First Merchants Corporation to Report Q4, 2025 Results on Jan 26, 2026First Merchants Corporation announced that they will report Q4, 2025 results on Jan 26, 2026Declared Dividend • Nov 24Third quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 5th December 2025 Payment date: 19th December 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Nov 17First Merchants Corporation Announces the Retirement of Patrick Fehring from the Board of Directors Effective November 14, 2025On November 14, 2025, First Merchants Corporation (the “Corporation”) announced the retirement of Patrick Fehring from the Board of Directors effective immediately. Mr. Fehring has served on the Board since 2022 and was a member of the Risk and Credit Policy Committee. The retirement of Mr. Fehring is not the result of any disagreement with the Corporation on any matter relating to the Corporation’s operations, policies, or practices. Also, on November 14, 2025, the Corporation decreased the size of its Board from thirteen (13) members to twelve (12) members. The Corporation had thirteen (13) members immediately prior to the decrease.공시 • Nov 15First Merchants Corporation Announces Cash Dividend, Payable on December 19, 2025First Merchants Corporation declared a cash dividend on November 14, 2025 of $0.36 per common share. The dividend is payable on December 19, 2025, to common shareholders of record as of December 5, 2025.공시 • Oct 24First Merchants Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2025First Merchants Corporation reported Net Charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Net Charge-offs of $5,148,000 against $6,709,000 a year ago.Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: US$0.98 (vs US$0.84 in 3Q 2024)Third quarter 2025 results: EPS: US$0.98 (up from US$0.84 in 3Q 2024). Revenue: US$161.8m (up 7.2% from 3Q 2024). Net income: US$56.3m (up 16% from 3Q 2024). Profit margin: 35% (up from 32% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.공시 • Oct 02First Merchants Corporation to Report Q3, 2025 Results on Oct 22, 2025First Merchants Corporation announced that they will report Q3, 2025 results on Oct 22, 2025공시 • Sep 26First Merchants Corporation Appoints Larry W. Myers to Its Board of DirectorsFirst Merchants Corporation and First Savings Financial Group Inc. announced they have entered into a definitive merger agreement pursuant to which First Savings will merge with and into First Merchants in an all-stock transaction currently valued at approximately $241.3 million. Immediately following the merger, First Savings Bank will merge with and into First Merchants Bank. First Merchants expects to appoint Larry W. Myers, President and Chief Executive Officer and a Director of First Savings, to its Board of Directors in connection with the merger.공시 • Sep 25First Merchants Corporation (NasdaqGS:FRME) entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (NasdaqCM:FSFG) for approximately $230 million.First Merchants Corporation (NasdaqGS:FRME) entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (NasdaqCM:FSFG) for approximately $230 million on September 24, 2025. The all-stock transaction is currently valued at approximately $241.3 million. The merger agreement provides that the common shareholders of First Savings will have the right to receive 0.85 of a share of First Merchants common stock. First Merchants expects to appoint Larry W. Myers, President and Chief Executive Officer and a Director of First Savings, to its Board of Directors in connection with the merger. First Merchants anticipates earnings per share accretion of approximately 11% in 2027 and a tangible book value earnback period of 3.0 years. Sell side termination fee is $10 million. The transaction is subject to First Savings’ shareholder approval, regulatory approvals, effectiveness of a Form S-4 registration statement, authorization for listing on the Nasdaq Global Select Market of the shares of First Merchants common stock and other customary conditions. First Merchants’ shareholder approval is not required. The Boards of Directors of both First Merchants and First Savings have approved the Merger Agreement. The transaction is expected to close in the first quarter of 2026. Stephens Inc. is serving as financial advisor to First Merchants, and Jeremy E. Hill of Dentons is serving as legal advisor. Piper Sandler & Co. is serving as financial advisor and fairness opinion provider to First Savings and Victor L. Cangelosi and Thomas P. Hutton of Luse Gorman, PC is serving as legal advisor.Declared Dividend • Aug 20Second quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 5th September 2025 Payment date: 19th September 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.0% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • Aug 16First Merchants Corporation Announces Cash Dividend on Common Shares, Payable on September 19, 2025First Merchants Corporation declared a cash dividend on August 15, 2025 of $0.36 per common share. The dividend is payable on September 19, 2025, to common shareholders of record as of September 5, 2025.New Risk • Jul 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.01% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 24Second quarter 2025 earnings released: EPS: US$0.98 (vs US$0.68 in 2Q 2024)Second quarter 2025 results: EPS: US$0.98 (up from US$0.68 in 2Q 2024). Revenue: US$158.7m (up 17% from 2Q 2024). Net income: US$56.4m (up 43% from 2Q 2024). Profit margin: 36% (up from 29% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.공시 • Jul 24First Merchants Corporation Reports Net Charge Offs for the Second Quarter Ended June 30, 2025First Merchants Corporation reported net charge offs for the second quarter ended June 30, 2025. For the quarter, the company reported Net charge-offs of $2,315,000 against $39,644,000 a year ago.공시 • Jun 30First Merchants Corporation to Report Q2, 2025 Results on Jul 23, 2025First Merchants Corporation announced that they will report Q2, 2025 results on Jul 23, 2025Declared Dividend • May 21First quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 6th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.7% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • May 17First Merchants Corporation Declares Cash Dividend, Payable on June 20, 2025First Merchants Corporation declared a cash dividend on May 16, 2025 of $0.36 per share. The dividend is payable on June 20, 2025, to common shareholders of record as of June 6, 2025. For purposes of broker trading, the ex-date of the cash dividend is June 5, 2025.Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: US$0.95 (vs US$0.80 in 1Q 2024)First quarter 2025 results: EPS: US$0.95 (up from US$0.80 in 1Q 2024). Revenue: US$156.1m (up 2.9% from 1Q 2024). Net income: US$54.9m (up 16% from 1Q 2024). Profit margin: 35% (up from 31% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.공시 • Apr 25First Merchants Corporation Reports Net Charge-Offs Results for the First Quarter Ended March 31, 2025First Merchants Corporation reported net charge-offs results for the first quarter ended March 31, 2025. For the quarter, the company reported net charge-offs of $4,926,000 against $2,253,000 a year ago.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €31.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Banks industry in Europe. Total loss to shareholders of 2.7% over the past three years.공시 • Apr 03+ 1 more updateFirst Merchants Corporation, Annual General Meeting, May 16, 2025First Merchants Corporation, Annual General Meeting, May 16, 2025.공시 • Mar 20First Merchants Corporation (NasdaqGS:FRME) announces an Equity Buyback for 2,927,000 shares, representing 5% for $100 million.First Merchants Corporation (NasdaqGS:FRME) announces a share repurchase program. Under the program, the company will repurchase up to 2,927,000 shares, representing 5% of the company's outstanding shares for $100 million. The program has no expiration date.Upcoming Dividend • Mar 03Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 07 March 2025. Payment date: 21 March 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.7%).Declared Dividend • Feb 17Fourth quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 7th March 2025 Payment date: 21st March 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (35% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 08First Merchants Corporation Announces Cash Dividend, Payable on March 21, 2025First Merchants Corporation declared a cash dividend on February 7, 2025 of $0.35 per share. The dividend is payable on March 21, 2025, to common shareholders of record as of March 7, 2025. For purposes of broker trading, the ex-date of the cash dividend is March 6, 2025.Reported Earnings • Jan 30Full year 2024 earnings released: EPS: US$3.42 (vs US$3.74 in FY 2023)Full year 2024 results: EPS: US$3.42 (down from US$3.74 in FY 2023). Revenue: US$611.0m (down 5.6% from FY 2023). Net income: US$199.5m (down 10% from FY 2023). Profit margin: 33% (down from 34% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Jan 09First Merchants Corporation to Report Q4, 2024 Results on Jan 30, 2025First Merchants Corporation announced that they will report Q4, 2024 results on Jan 30, 2025Recent Insider Transactions • Dec 18President recently sold €302k worth of stockOn the 16th of December, Michael Stewart sold around 7k shares on-market at roughly €41.63 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. This was Michael's only on-market trade for the last 12 months.Upcoming Dividend • Dec 02Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 06 December 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.4%).Declared Dividend • Nov 18Third quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 6th December 2024 Payment date: 20th December 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Nov 13First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024First Merchants Corporation declared a cash dividend on November 12, 2024 of $0.35 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is December 5, 2024.Recent Insider Transactions • Nov 11Director recently sold €1.1m worth of stockOn the 8th of November, Patrick Fehring sold around 26k shares on-market at roughly €40.09 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €40.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 22% over the past three years.Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.94 in 3Q 2023)Third quarter 2024 results: EPS: US$0.84 (down from US$0.94 in 3Q 2023). Revenue: US$151.0m (down 5.2% from 3Q 2023). Net income: US$48.7m (down 13% from 3Q 2023). Profit margin: 32% (down from 35% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year.공시 • Oct 03First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024First Merchants Corporation announced that they will report Q3, 2024 results on Oct 24, 2024Declared Dividend • Aug 26Second quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • Aug 19First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is September 5, 2024.Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.68 (vs US$1.02 in 2Q 2023)Second quarter 2024 results: EPS: US$0.68 (down from US$1.02 in 2Q 2023). Revenue: US$135.4m (down 18% from 2Q 2023). Net income: US$39.5m (down 35% from 2Q 2023). Profit margin: 29% (down from 37% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €34.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 17% over the past three years.공시 • Jul 04First Merchants Corporation to Report Q2, 2024 Results on Jul 25, 2024First Merchants Corporation announced that they will report Q2, 2024 results on Jul 25, 2024Upcoming Dividend • May 31Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 07 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.4%).Declared Dividend • May 13First quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 7th June 2024 Payment date: 21st June 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.공시 • May 10First Merchants Corporation and First Merchants Bank Announce Board and Committee ChangesFirst Merchants Corporation announced that Jean L. Wojtowicz has been appointed as First Merchants Corporation and First Merchants Bank Chair of the Board of Directors. Effective May 7, 2024, Wojtowicz succeeds Charles E. Schalliol, who retired after serving as Chair for the past seventeen years. Ms. Wojtowicz, founder and President of Cambridge Capital Management Corporation, is in her 20th year as a board member for First Merchants Corporation. Ms. Wojtowicz will also serve as Chair of the Compensation and Human Resources Committee and as a member of the Audit and Nominating and Governance Committees. In addition, Ms. Wojtowicz serves on several public, private, and governmental agency boards. During his leadership at First Merchants, Mr. Schalliol also served as the Chair of the Board’s Compensation and Human Resources Committee and Nominating and Governance Committee. Additionally, Michael C. Rechin, former First Merchants Corporation CEO, was appointed as Vice Chair of the Board of Directors effective May 7, 2024. Mr. Rechin, who joined First Merchants in 2005 as Executive Vice President and Chief Operating Officer, was promoted to CEO in 2007 and served until his retirement on December 31, 2020.공시 • May 09First Merchants Corporation Declares Cash Dividend, Payable on June 21, 2024First Merchants Corporation declared cash dividend of $0.35 per share. The cash dividend is payable on June 21, 2024 to stockholders of record as of June 7, 2024.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$0.80 (vs US$1.07 in 1Q 2023)First quarter 2024 results: EPS: US$0.80 (down from US$1.07 in 1Q 2023). Revenue: US$151.7m (down 10% from 1Q 2023). Net income: US$47.5m (down 25% from 1Q 2023). Profit margin: 31% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • Apr 05First Merchants Corporation to Report Q1, 2024 Results on Apr 25, 2024First Merchants Corporation announced that they will report Q1, 2024 results on Apr 25, 2024Reported Earnings • Mar 03Full year 2023 earnings released: EPS: US$3.74 (vs US$3.83 in FY 2022)Full year 2023 results: EPS: US$3.74. Revenue: US$647.5m (up 5.9% from FY 2022). Net income: US$221.9m (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.35% (down from 3.41% in FY 2022). Non-performing loans: 0.43% (up from 0.35% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in Europe.Upcoming Dividend • Feb 22Upcoming dividend of US$0.34 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (6.5%).Recent Insider Transactions • Feb 14Independent Director recently sold €306k worth of stockOn the 13th of February, Patrick Fehring sold around 10k shares on-market at roughly €30.86 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €337k. Insiders have been net sellers, collectively disposing of €584k more than they bought in the last 12 months.Declared Dividend • Feb 11Fourth quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (36% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.2% over the next 2 years. However, it would need to fall by 60% to increase the payout ratio to a potentially unsustainable range.공시 • Feb 07First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024First Merchants Corporation declared a cash dividend on February 6, 2024 of $0.34 per share. The dividend is payable on March 15, 2024, to shareholders of record as of March 1, 2024. For purposes of broker trading, the ex-date of the cash dividend is February 29, 2024.Reported Earnings • Jan 26Full year 2023 earnings released: EPS: US$3.74 (vs US$3.83 in FY 2022)Full year 2023 results: EPS: US$3.74. Revenue: US$647.5m (up 5.9% from FY 2022). Net income: US$221.9m (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe.공시 • Jan 05First Merchants Corporation to Report Q4, 2023 Results on Jan 25, 2024First Merchants Corporation announced that they will report Q4, 2023 results on Jan 25, 2024Recent Insider Transactions • Dec 22Advisor & Director recently sold €337k worth of stockOn the 19th of December, Michael Rechin sold around 10k shares on-market at roughly €33.75 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €278k more than they bought in the last 12 months.Upcoming Dividend • Nov 23Upcoming dividend of US$0.34 per share at 4.4% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.4%).공시 • Nov 15First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023First Merchants Corporation declared a cash dividend on November 9, 2023 of $0.34 per share. The dividend is payable on December 15, 2023, to shareholders of record as of December 1, 2023. For purposes of broker trading, the ex-date of the cash dividend is November 30, 2023.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.95 (vs US$1.07 in 3Q 2022)Third quarter 2023 results: EPS: US$0.95 (down from US$1.07 in 3Q 2022). Revenue: US$159.2m (down 6.3% from 3Q 2022). Net income: US$55.9m (down 12% from 3Q 2022). Profit margin: 35% (down from 37% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • Oct 06First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023First Merchants Corporation announced that they will report Q3, 2023 results on Oct 26, 2023Upcoming Dividend • Aug 24Upcoming dividend of US$0.34 per share at 4.6% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%).공시 • Aug 10First Merchants Corporation Declares Cash Dividend, Payable on September 15, 2023First Merchants Corporation declared a cash dividend on August 9, 2023 of $0.34 per share. The dividend is payable on September 15, 2023, to shareholders of record as of September 1, 2023. For purposes of broker trading, the ex-date of the cash dividend is August 31, 2023.Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: US$1.02 (vs US$0.65 in 2Q 2022)Second quarter 2023 results: EPS: US$1.02 (up from US$0.65 in 2Q 2022). Revenue: US$164.2m (up 17% from 2Q 2022). Net income: US$60.4m (up 57% from 2Q 2022). Profit margin: 37% (up from 28% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.공시 • Jul 06First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023First Merchants Corporation announced that they will report Q2, 2023 results on Jul 25, 2023New Risk • Jun 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).Upcoming Dividend • May 26Upcoming dividend of US$0.34 per share at 5.1% yieldEligible shareholders must have bought the stock before 01 June 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.3%).공시 • May 11First Merchants Corporation Declares Cash Dividend, Payable on June 16, 2023First Merchants Corporation declared a cash dividend on May 10, 2023 of $0.34 per share. The dividend is payable on June 16, 2023, to shareholders of record as of June 2, 2023. For purposes of broker trading, the ex-date of the cash dividend is June 1, 2023.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: US$1.07 (vs US$0.91 in 1Q 2022)First quarter 2023 results: EPS: US$1.07 (up from US$0.91 in 1Q 2022). Revenue: US$169.1m (up 32% from 1Q 2022). Net income: US$63.6m (up 31% from 1Q 2022). Profit margin: 38% (in line with 1Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €31.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 45% over the past three years.Reported Earnings • Mar 06Full year 2022 earnings releasedFull year 2022 results: Revenue: US$611.4m (up 18% from FY 2021). Net income: US$220.7m (up 7.4% from FY 2021). Profit margin: 36% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.41% (up from 3.18% in FY 2021). Non-performing loans: 0.35% (down from 0.47% in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe.Upcoming Dividend • Feb 23Upcoming dividend of US$0.32 per share at 3.1% yieldEligible shareholders must have bought the stock before 02 March 2023. Payment date: 17 March 2023. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%).공시 • Feb 09+ 1 more updateFirst Merchants Corporation Announces Cash Dividend, Payable on March 17, 2023First Merchants Corporation declared a cash dividend on February 7, 2023 of $0.32 per share. The dividend is payable on March 17, 2023, to shareholders of record as of March 3, 2023. For purposes of broker trading, the ex-date of the cash dividend is March 2, 2023.Reported Earnings • Jan 26Full year 2022 earnings released: EPS: US$3.83 (vs US$3.82 in FY 2021)Full year 2022 results: EPS: US$3.83 (up from US$3.82 in FY 2021). Revenue: US$611.4m (up 18% from FY 2021). Net income: US$220.7m (up 7.4% from FY 2021). Profit margin: 36% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Jan 06First Merchants Corporation to Report Q4, 2022 Results on Jan 26, 2023First Merchants Corporation announced that they will report Q4, 2022 results on Jan 26, 2023Upcoming Dividend • Nov 24Upcoming dividend of US$0.32 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%).Recent Insider Transactions • Nov 01Independent Chairman of the Board recently sold €1.1m worth of stockOn the 28th of October, Charles Schalliol sold around 25k shares on-market at roughly €44.50 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months.Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: US$1.08 (vs US$0.98 in 3Q 2021)Third quarter 2022 results: EPS: US$1.08 (up from US$0.98 in 3Q 2021). Revenue: US$169.9m (up 28% from 3Q 2021). Net income: US$63.3m (up 20% from 3Q 2021). Profit margin: 37% (down from 40% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.매출 및 비용 세부 내역First Merchants가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BST:FM5 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 Mar 26638197362031 Dec 25642224333030 Sep 25650231329030 Jun 25639224326031 Mar 25615207323031 Dec 24611200327030 Sep 24593178333030 Jun 24601185333031 Mar 24630206335031 Dec 23648222333030 Sep 23666250322030 Jun 23676258321031 Mar 23652236317031 Dec 22611221310030 Sep 22565198282030 Jun 22529188265031 Mar 22524205251031 Dec 21520206247030 Sep 21518203247030 Jun 21492186241031 Mar 21454164232031 Dec 20433149233030 Sep 20429151226030 Jun 20433152229031 Mar 20442160227031 Dec 19441164218030 Sep 19425158211030 Jun 19419163198031 Mar 19413161194031 Dec 18408159192030 Sep 18399142197030 Jun 18385125196031 Mar 18363110188031 Dec 1733996180030 Sep 1731594161030 Jun 1729791152031 Mar 1729087150031 Dec 1628681152030 Sep 1627873153030 Jun 1627169151031 Mar 1626267152031 Dec 1525665147030 Sep 1525566146030 Jun 15253661440양질의 수익: FM5는 고품질 수익을 보유하고 있습니다.이익 마진 증가: FM5의 현재 순 이익률 (30.9%)은 지난해 (33.6%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: FM5의 수익은 지난 5년 동안 연평균 2% 증가했습니다.성장 가속화: FM5은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: FM5은 지난 1년 동안 수익이 감소(-4.8%)하여 Banks 업계 평균(0.9%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: FM5의 자본 수익률(7.4%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YBanks 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/29 16:22종가2026/06/26 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스First Merchants Corporation는 8명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kevin ReeveyD.A. Davidson & Co.Brendan NosalHovde Group, LLCDamon DelMonteKeefe, Bruyette, & Woods5명의 분석가 더 보기
공시 • Apr 24First Merchants Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2026First Merchants Corporation reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $10,256,000 compared to $4,926,000 a year ago.
Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: US$0.46 (vs US$0.95 in 1Q 2025)First quarter 2026 results: EPS: US$0.46 (down from US$0.95 in 1Q 2025). Revenue: US$152.2m (down 2.5% from 1Q 2025). Net income: US$27.7m (down 50% from 1Q 2025). Profit margin: 18% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
공시 • Apr 02First Merchants Corporation to Report Q1, 2026 Results on Apr 22, 2026First Merchants Corporation announced that they will report Q1, 2026 results on Apr 22, 2026
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$3.90 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.90 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.25% (up from 3.19% in FY 2024). Cost-to-income ratio: 54.5% (up from 53.6% in FY 2024). Non-performing loans: 0.52% (down from 0.57% in FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
Reported Earnings • Jan 27Full year 2025 earnings released: EPS: US$3.88 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.88 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.
공시 • Jan 27First Merchants Corporation Announces Net Charge Offs for the Quarter Ended December 31, 2025First Merchants Corporation announced net charge offs for the quarter ended December 31, 2025. For the quarter, the company reported net charge offs of $6,021,000 against $771,000 a year ago.
공시 • 7h+ 5 more updatesFirst Merchants Corporation(NasdaqGS:FRME) dropped from Russell 2000 Growth-Defensive IndexFirst Merchants Corporation(NasdaqGS:FRME) dropped from Russell 2000 Growth-Defensive Index
공시 • Jun 25First Merchants Corporation (NasdaqGS:FRME) announces an Equity Buyback for 3,125,000 shares, representing 5% for $100 million.First Merchants Corporation (NasdaqGS:FRME) announces a share repurchase program. Under the program, the company will repurchase up to 3,125,000 shares, representing 5% for $100 million.
Recent Insider Transactions • Jun 15Director recently sold €721k worth of stockOn the 12th of June, Larry Myers sold around 20k shares on-market at roughly €36.06 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months.
Declared Dividend • May 25First quarter dividend of US$0.37 announcedShareholders will receive a dividend of US$0.37. Ex-date: 5th June 2026 Payment date: 19th June 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • May 21+ 1 more updateFirst Merchants Corporation announces Quarterly dividend, payable on June 19, 2026First Merchants Corporation announced Quarterly dividend of USD 0.3700 per share payable on June 19, 2026, ex-date on June 05, 2026 and record date on June 05, 2026.
공시 • Apr 24First Merchants Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2026First Merchants Corporation reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $10,256,000 compared to $4,926,000 a year ago.
Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: US$0.46 (vs US$0.95 in 1Q 2025)First quarter 2026 results: EPS: US$0.46 (down from US$0.95 in 1Q 2025). Revenue: US$152.2m (down 2.5% from 1Q 2025). Net income: US$27.7m (down 50% from 1Q 2025). Profit margin: 18% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
공시 • Apr 06First Merchants Corporation, Annual General Meeting, May 19, 2026First Merchants Corporation, Annual General Meeting, May 19, 2026.
공시 • Apr 02First Merchants Corporation to Report Q1, 2026 Results on Apr 22, 2026First Merchants Corporation announced that they will report Q1, 2026 results on Apr 22, 2026
Upcoming Dividend • Feb 27Upcoming dividend of US$0.36 per shareEligible shareholders must have bought the stock before 06 March 2026. Payment date: 06 March 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.4%).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$3.90 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.90 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.25% (up from 3.19% in FY 2024). Cost-to-income ratio: 54.5% (up from 53.6% in FY 2024). Non-performing loans: 0.52% (down from 0.57% in FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
Declared Dividend • Feb 13Fourth quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 6th March 2026 Payment date: 6th March 2026 Dividend yield will be 3.7%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (37% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 11First Merchants Corporation Declares Cash Dividend, Payable on March 20, 2026On February 10, 2026, First Merchants Corporation issued a press release announcing the declaration of a cash dividend of $0.36 per common share. The cash dividend is payable on March 20, 2026 to common stockholders of record as of March 6, 2026.
공시 • Feb 10First Merchants Corporation and First Merchants Bank Announces Appointment of Larry Myers to Board of DirectorsFirst Merchants Corporation announced that Larry Myers has been appointed to the Boards of Directors of First Merchants Corporation and First Merchants Bank. Myers recently announced plans to transition from his role as President and Chief Executive Officer of First Savings Bank and First Savings Financial Group Inc., positions he has held for nearly 20 years. During Myers’ tenure at First Savings, he served as Chairman of the Indiana Bankers Association and on the board of the American Bankers Association. He earned both his Bachelor of Science and MBA from the University of Kentucky and joined the Federal Home Loan Bank Board of Directors in 2018. Myers’ career includes decades of experience in community banking, credit management, and regional economic development. The Board of Directors of First Merchants Corporation increased the size of its Board of Directors from twelve to thirteen members with the additional vacancy added in Class III.
공시 • Feb 03First Merchants Corporation (NasdaqGS:FRME) completed the acquisition of First Savings Financial Group, Inc. (NasdaqCM:FSFG).First Merchants Corporation (NasdaqGS:FRME) entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (NasdaqCM:FSFG) for approximately $230 million on September 24, 2025. The all-stock transaction is currently valued at approximately $241.3 million. The merger agreement provides that the common shareholders of First Savings will have the right to receive 0.85 of a share of First Merchants common stock. First Merchants expects to appoint Larry W. Myers, President and Chief Executive Officer and a Director of First Savings, to its Board of Directors in connection with the merger. First Merchants anticipates earnings per share accretion of approximately 11% in 2027 and a tangible book value earnback period of 3.0 years. Sell side termination fee is $10 million. The transaction is subject to First Savings’ shareholder approval, regulatory approvals, effectiveness of a Form S-4 registration statement, authorization for listing on the Nasdaq Global Select Market of the shares of First Merchants common stock, court approval and other customary conditions. First Merchants’ shareholder approval is not required. The Boards of Directors of both First Merchants and First Savings have approved the Merger Agreement. All regulatory and approval from the holders of First Savings Common Stock shall has been received as of October 17, 2025. The transaction is expected to close in the first quarter of 2026. On January 15, 2026, First Merchants Corporation received the non-objection of the Federal Reserve Bank of Chicago in connection with the Company’s request for a waiver of application related to its pending merger with First Savings Financial Group, Inc. First Merchants and First Savings anticipate that the Merger will become effective as of February 1, 2026, subject to satisfaction of certain customary closing conditions contained in the Merger Agreement. Stephens Inc. is serving as financial advisor to First Merchants, and Jeremy E. Hill of Dentons is serving as legal advisor. Piper Sandler & Co. is serving as financial advisor, fairness opinion provider to First Savings and will receive a fee of 1.625% of the aggregate purchase price, of which $0.4 million for opinion rendered. Victor L. Cangelosi and Thomas P. Hutton of Luse Gorman, PC is serving as legal advisor. First Merchants Corporation (NasdaqGS:FRME) completed the acquisition of First Savings Financial Group, Inc. (NasdaqCM:FSFG) on February 1, 2026.
Reported Earnings • Jan 27Full year 2025 earnings released: EPS: US$3.88 (vs US$3.42 in FY 2024)Full year 2025 results: EPS: US$3.88 (up from US$3.42 in FY 2024). Revenue: US$641.7m (up 5.0% from FY 2024). Net income: US$224.1m (up 12% from FY 2024). Profit margin: 35% (up from 33% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.
공시 • Jan 27First Merchants Corporation Announces Net Charge Offs for the Quarter Ended December 31, 2025First Merchants Corporation announced net charge offs for the quarter ended December 31, 2025. For the quarter, the company reported net charge offs of $6,021,000 against $771,000 a year ago.
공시 • Jan 06First Merchants Corporation to Report Q4, 2025 Results on Jan 26, 2026First Merchants Corporation announced that they will report Q4, 2025 results on Jan 26, 2026
Declared Dividend • Nov 24Third quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 5th December 2025 Payment date: 19th December 2025 Dividend yield will be 4.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Nov 17First Merchants Corporation Announces the Retirement of Patrick Fehring from the Board of Directors Effective November 14, 2025On November 14, 2025, First Merchants Corporation (the “Corporation”) announced the retirement of Patrick Fehring from the Board of Directors effective immediately. Mr. Fehring has served on the Board since 2022 and was a member of the Risk and Credit Policy Committee. The retirement of Mr. Fehring is not the result of any disagreement with the Corporation on any matter relating to the Corporation’s operations, policies, or practices. Also, on November 14, 2025, the Corporation decreased the size of its Board from thirteen (13) members to twelve (12) members. The Corporation had thirteen (13) members immediately prior to the decrease.
공시 • Nov 15First Merchants Corporation Announces Cash Dividend, Payable on December 19, 2025First Merchants Corporation declared a cash dividend on November 14, 2025 of $0.36 per common share. The dividend is payable on December 19, 2025, to common shareholders of record as of December 5, 2025.
공시 • Oct 24First Merchants Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2025First Merchants Corporation reported Net Charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Net Charge-offs of $5,148,000 against $6,709,000 a year ago.
Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: US$0.98 (vs US$0.84 in 3Q 2024)Third quarter 2025 results: EPS: US$0.98 (up from US$0.84 in 3Q 2024). Revenue: US$161.8m (up 7.2% from 3Q 2024). Net income: US$56.3m (up 16% from 3Q 2024). Profit margin: 35% (up from 32% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
공시 • Oct 02First Merchants Corporation to Report Q3, 2025 Results on Oct 22, 2025First Merchants Corporation announced that they will report Q3, 2025 results on Oct 22, 2025
공시 • Sep 26First Merchants Corporation Appoints Larry W. Myers to Its Board of DirectorsFirst Merchants Corporation and First Savings Financial Group Inc. announced they have entered into a definitive merger agreement pursuant to which First Savings will merge with and into First Merchants in an all-stock transaction currently valued at approximately $241.3 million. Immediately following the merger, First Savings Bank will merge with and into First Merchants Bank. First Merchants expects to appoint Larry W. Myers, President and Chief Executive Officer and a Director of First Savings, to its Board of Directors in connection with the merger.
공시 • Sep 25First Merchants Corporation (NasdaqGS:FRME) entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (NasdaqCM:FSFG) for approximately $230 million.First Merchants Corporation (NasdaqGS:FRME) entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (NasdaqCM:FSFG) for approximately $230 million on September 24, 2025. The all-stock transaction is currently valued at approximately $241.3 million. The merger agreement provides that the common shareholders of First Savings will have the right to receive 0.85 of a share of First Merchants common stock. First Merchants expects to appoint Larry W. Myers, President and Chief Executive Officer and a Director of First Savings, to its Board of Directors in connection with the merger. First Merchants anticipates earnings per share accretion of approximately 11% in 2027 and a tangible book value earnback period of 3.0 years. Sell side termination fee is $10 million. The transaction is subject to First Savings’ shareholder approval, regulatory approvals, effectiveness of a Form S-4 registration statement, authorization for listing on the Nasdaq Global Select Market of the shares of First Merchants common stock and other customary conditions. First Merchants’ shareholder approval is not required. The Boards of Directors of both First Merchants and First Savings have approved the Merger Agreement. The transaction is expected to close in the first quarter of 2026. Stephens Inc. is serving as financial advisor to First Merchants, and Jeremy E. Hill of Dentons is serving as legal advisor. Piper Sandler & Co. is serving as financial advisor and fairness opinion provider to First Savings and Victor L. Cangelosi and Thomas P. Hutton of Luse Gorman, PC is serving as legal advisor.
Declared Dividend • Aug 20Second quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 5th September 2025 Payment date: 19th September 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.0% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • Aug 16First Merchants Corporation Announces Cash Dividend on Common Shares, Payable on September 19, 2025First Merchants Corporation declared a cash dividend on August 15, 2025 of $0.36 per common share. The dividend is payable on September 19, 2025, to common shareholders of record as of September 5, 2025.
New Risk • Jul 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.01% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 24Second quarter 2025 earnings released: EPS: US$0.98 (vs US$0.68 in 2Q 2024)Second quarter 2025 results: EPS: US$0.98 (up from US$0.68 in 2Q 2024). Revenue: US$158.7m (up 17% from 2Q 2024). Net income: US$56.4m (up 43% from 2Q 2024). Profit margin: 36% (up from 29% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
공시 • Jul 24First Merchants Corporation Reports Net Charge Offs for the Second Quarter Ended June 30, 2025First Merchants Corporation reported net charge offs for the second quarter ended June 30, 2025. For the quarter, the company reported Net charge-offs of $2,315,000 against $39,644,000 a year ago.
공시 • Jun 30First Merchants Corporation to Report Q2, 2025 Results on Jul 23, 2025First Merchants Corporation announced that they will report Q2, 2025 results on Jul 23, 2025
Declared Dividend • May 21First quarter dividend of US$0.36 announcedShareholders will receive a dividend of US$0.36. Ex-date: 6th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.7% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • May 17First Merchants Corporation Declares Cash Dividend, Payable on June 20, 2025First Merchants Corporation declared a cash dividend on May 16, 2025 of $0.36 per share. The dividend is payable on June 20, 2025, to common shareholders of record as of June 6, 2025. For purposes of broker trading, the ex-date of the cash dividend is June 5, 2025.
Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: US$0.95 (vs US$0.80 in 1Q 2024)First quarter 2025 results: EPS: US$0.95 (up from US$0.80 in 1Q 2024). Revenue: US$156.1m (up 2.9% from 1Q 2024). Net income: US$54.9m (up 16% from 1Q 2024). Profit margin: 35% (up from 31% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year.
공시 • Apr 25First Merchants Corporation Reports Net Charge-Offs Results for the First Quarter Ended March 31, 2025First Merchants Corporation reported net charge-offs results for the first quarter ended March 31, 2025. For the quarter, the company reported net charge-offs of $4,926,000 against $2,253,000 a year ago.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €31.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Banks industry in Europe. Total loss to shareholders of 2.7% over the past three years.
공시 • Apr 03+ 1 more updateFirst Merchants Corporation, Annual General Meeting, May 16, 2025First Merchants Corporation, Annual General Meeting, May 16, 2025.
공시 • Mar 20First Merchants Corporation (NasdaqGS:FRME) announces an Equity Buyback for 2,927,000 shares, representing 5% for $100 million.First Merchants Corporation (NasdaqGS:FRME) announces a share repurchase program. Under the program, the company will repurchase up to 2,927,000 shares, representing 5% of the company's outstanding shares for $100 million. The program has no expiration date.
Upcoming Dividend • Mar 03Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 07 March 2025. Payment date: 21 March 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.7%).
Declared Dividend • Feb 17Fourth quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 7th March 2025 Payment date: 21st March 2025 Dividend yield will be 3.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (41% payout ratio) and is expected to be well covered in 3 years' time (35% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 08First Merchants Corporation Announces Cash Dividend, Payable on March 21, 2025First Merchants Corporation declared a cash dividend on February 7, 2025 of $0.35 per share. The dividend is payable on March 21, 2025, to common shareholders of record as of March 7, 2025. For purposes of broker trading, the ex-date of the cash dividend is March 6, 2025.
Reported Earnings • Jan 30Full year 2024 earnings released: EPS: US$3.42 (vs US$3.74 in FY 2023)Full year 2024 results: EPS: US$3.42 (down from US$3.74 in FY 2023). Revenue: US$611.0m (down 5.6% from FY 2023). Net income: US$199.5m (down 10% from FY 2023). Profit margin: 33% (down from 34% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Jan 09First Merchants Corporation to Report Q4, 2024 Results on Jan 30, 2025First Merchants Corporation announced that they will report Q4, 2024 results on Jan 30, 2025
Recent Insider Transactions • Dec 18President recently sold €302k worth of stockOn the 16th of December, Michael Stewart sold around 7k shares on-market at roughly €41.63 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. This was Michael's only on-market trade for the last 12 months.
Upcoming Dividend • Dec 02Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 06 December 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.4%).
Declared Dividend • Nov 18Third quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 6th December 2024 Payment date: 20th December 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Nov 13First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024First Merchants Corporation declared a cash dividend on November 12, 2024 of $0.35 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is December 5, 2024.
Recent Insider Transactions • Nov 11Director recently sold €1.1m worth of stockOn the 8th of November, Patrick Fehring sold around 26k shares on-market at roughly €40.09 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €40.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 22% over the past three years.
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: US$0.84 (vs US$0.94 in 3Q 2023)Third quarter 2024 results: EPS: US$0.84 (down from US$0.94 in 3Q 2023). Revenue: US$151.0m (down 5.2% from 3Q 2023). Net income: US$48.7m (down 13% from 3Q 2023). Profit margin: 32% (down from 35% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year.
공시 • Oct 03First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024First Merchants Corporation announced that they will report Q3, 2024 results on Oct 24, 2024
Declared Dividend • Aug 26Second quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.9% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • Aug 19First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is September 5, 2024.
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.68 (vs US$1.02 in 2Q 2023)Second quarter 2024 results: EPS: US$0.68 (down from US$1.02 in 2Q 2023). Revenue: US$135.4m (down 18% from 2Q 2023). Net income: US$39.5m (down 35% from 2Q 2023). Profit margin: 29% (down from 37% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €34.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 17% over the past three years.
공시 • Jul 04First Merchants Corporation to Report Q2, 2024 Results on Jul 25, 2024First Merchants Corporation announced that they will report Q2, 2024 results on Jul 25, 2024
Upcoming Dividend • May 31Upcoming dividend of US$0.35 per shareEligible shareholders must have bought the stock before 07 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.4%).
Declared Dividend • May 13First quarter dividend of US$0.35 announcedShareholders will receive a dividend of US$0.35. Ex-date: 7th June 2024 Payment date: 21st June 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
공시 • May 10First Merchants Corporation and First Merchants Bank Announce Board and Committee ChangesFirst Merchants Corporation announced that Jean L. Wojtowicz has been appointed as First Merchants Corporation and First Merchants Bank Chair of the Board of Directors. Effective May 7, 2024, Wojtowicz succeeds Charles E. Schalliol, who retired after serving as Chair for the past seventeen years. Ms. Wojtowicz, founder and President of Cambridge Capital Management Corporation, is in her 20th year as a board member for First Merchants Corporation. Ms. Wojtowicz will also serve as Chair of the Compensation and Human Resources Committee and as a member of the Audit and Nominating and Governance Committees. In addition, Ms. Wojtowicz serves on several public, private, and governmental agency boards. During his leadership at First Merchants, Mr. Schalliol also served as the Chair of the Board’s Compensation and Human Resources Committee and Nominating and Governance Committee. Additionally, Michael C. Rechin, former First Merchants Corporation CEO, was appointed as Vice Chair of the Board of Directors effective May 7, 2024. Mr. Rechin, who joined First Merchants in 2005 as Executive Vice President and Chief Operating Officer, was promoted to CEO in 2007 and served until his retirement on December 31, 2020.
공시 • May 09First Merchants Corporation Declares Cash Dividend, Payable on June 21, 2024First Merchants Corporation declared cash dividend of $0.35 per share. The cash dividend is payable on June 21, 2024 to stockholders of record as of June 7, 2024.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$0.80 (vs US$1.07 in 1Q 2023)First quarter 2024 results: EPS: US$0.80 (down from US$1.07 in 1Q 2023). Revenue: US$151.7m (down 10% from 1Q 2023). Net income: US$47.5m (down 25% from 1Q 2023). Profit margin: 31% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • Apr 05First Merchants Corporation to Report Q1, 2024 Results on Apr 25, 2024First Merchants Corporation announced that they will report Q1, 2024 results on Apr 25, 2024
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: US$3.74 (vs US$3.83 in FY 2022)Full year 2023 results: EPS: US$3.74. Revenue: US$647.5m (up 5.9% from FY 2022). Net income: US$221.9m (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.35% (down from 3.41% in FY 2022). Non-performing loans: 0.43% (up from 0.35% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Banks industry in Europe.
Upcoming Dividend • Feb 22Upcoming dividend of US$0.34 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (6.5%).
Recent Insider Transactions • Feb 14Independent Director recently sold €306k worth of stockOn the 13th of February, Patrick Fehring sold around 10k shares on-market at roughly €30.86 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €337k. Insiders have been net sellers, collectively disposing of €584k more than they bought in the last 12 months.
Declared Dividend • Feb 11Fourth quarter dividend of US$0.34 announcedShareholders will receive a dividend of US$0.34. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (36% payout ratio) and is expected to be well covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.2% over the next 2 years. However, it would need to fall by 60% to increase the payout ratio to a potentially unsustainable range.
공시 • Feb 07First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024First Merchants Corporation declared a cash dividend on February 6, 2024 of $0.34 per share. The dividend is payable on March 15, 2024, to shareholders of record as of March 1, 2024. For purposes of broker trading, the ex-date of the cash dividend is February 29, 2024.
Reported Earnings • Jan 26Full year 2023 earnings released: EPS: US$3.74 (vs US$3.83 in FY 2022)Full year 2023 results: EPS: US$3.74. Revenue: US$647.5m (up 5.9% from FY 2022). Net income: US$221.9m (flat on FY 2022). Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe.
공시 • Jan 05First Merchants Corporation to Report Q4, 2023 Results on Jan 25, 2024First Merchants Corporation announced that they will report Q4, 2023 results on Jan 25, 2024
Recent Insider Transactions • Dec 22Advisor & Director recently sold €337k worth of stockOn the 19th of December, Michael Rechin sold around 10k shares on-market at roughly €33.75 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €278k more than they bought in the last 12 months.
Upcoming Dividend • Nov 23Upcoming dividend of US$0.34 per share at 4.4% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.4%).
공시 • Nov 15First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023First Merchants Corporation declared a cash dividend on November 9, 2023 of $0.34 per share. The dividend is payable on December 15, 2023, to shareholders of record as of December 1, 2023. For purposes of broker trading, the ex-date of the cash dividend is November 30, 2023.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: US$0.95 (vs US$1.07 in 3Q 2022)Third quarter 2023 results: EPS: US$0.95 (down from US$1.07 in 3Q 2022). Revenue: US$159.2m (down 6.3% from 3Q 2022). Net income: US$55.9m (down 12% from 3Q 2022). Profit margin: 35% (down from 37% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • Oct 06First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023First Merchants Corporation announced that they will report Q3, 2023 results on Oct 26, 2023
Upcoming Dividend • Aug 24Upcoming dividend of US$0.34 per share at 4.6% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%).
공시 • Aug 10First Merchants Corporation Declares Cash Dividend, Payable on September 15, 2023First Merchants Corporation declared a cash dividend on August 9, 2023 of $0.34 per share. The dividend is payable on September 15, 2023, to shareholders of record as of September 1, 2023. For purposes of broker trading, the ex-date of the cash dividend is August 31, 2023.
Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: US$1.02 (vs US$0.65 in 2Q 2022)Second quarter 2023 results: EPS: US$1.02 (up from US$0.65 in 2Q 2022). Revenue: US$164.2m (up 17% from 2Q 2022). Net income: US$60.4m (up 57% from 2Q 2022). Profit margin: 37% (up from 28% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.
공시 • Jul 06First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023First Merchants Corporation announced that they will report Q2, 2023 results on Jul 25, 2023
New Risk • Jun 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).
Upcoming Dividend • May 26Upcoming dividend of US$0.34 per share at 5.1% yieldEligible shareholders must have bought the stock before 01 June 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.3%).
공시 • May 11First Merchants Corporation Declares Cash Dividend, Payable on June 16, 2023First Merchants Corporation declared a cash dividend on May 10, 2023 of $0.34 per share. The dividend is payable on June 16, 2023, to shareholders of record as of June 2, 2023. For purposes of broker trading, the ex-date of the cash dividend is June 1, 2023.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: US$1.07 (vs US$0.91 in 1Q 2022)First quarter 2023 results: EPS: US$1.07 (up from US$0.91 in 1Q 2022). Revenue: US$169.1m (up 32% from 1Q 2022). Net income: US$63.6m (up 31% from 1Q 2022). Profit margin: 38% (in line with 1Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €31.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 45% over the past three years.
Reported Earnings • Mar 06Full year 2022 earnings releasedFull year 2022 results: Revenue: US$611.4m (up 18% from FY 2021). Net income: US$220.7m (up 7.4% from FY 2021). Profit margin: 36% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.41% (up from 3.18% in FY 2021). Non-performing loans: 0.35% (down from 0.47% in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in Europe.
Upcoming Dividend • Feb 23Upcoming dividend of US$0.32 per share at 3.1% yieldEligible shareholders must have bought the stock before 02 March 2023. Payment date: 17 March 2023. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%).
공시 • Feb 09+ 1 more updateFirst Merchants Corporation Announces Cash Dividend, Payable on March 17, 2023First Merchants Corporation declared a cash dividend on February 7, 2023 of $0.32 per share. The dividend is payable on March 17, 2023, to shareholders of record as of March 3, 2023. For purposes of broker trading, the ex-date of the cash dividend is March 2, 2023.
Reported Earnings • Jan 26Full year 2022 earnings released: EPS: US$3.83 (vs US$3.82 in FY 2021)Full year 2022 results: EPS: US$3.83 (up from US$3.82 in FY 2021). Revenue: US$611.4m (up 18% from FY 2021). Net income: US$220.7m (up 7.4% from FY 2021). Profit margin: 36% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Jan 06First Merchants Corporation to Report Q4, 2022 Results on Jan 26, 2023First Merchants Corporation announced that they will report Q4, 2022 results on Jan 26, 2023
Upcoming Dividend • Nov 24Upcoming dividend of US$0.32 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%).
Recent Insider Transactions • Nov 01Independent Chairman of the Board recently sold €1.1m worth of stockOn the 28th of October, Charles Schalliol sold around 25k shares on-market at roughly €44.50 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months.
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: US$1.08 (vs US$0.98 in 3Q 2021)Third quarter 2022 results: EPS: US$1.08 (up from US$0.98 in 3Q 2021). Revenue: US$169.9m (up 28% from 3Q 2021). Net income: US$63.3m (up 20% from 3Q 2021). Profit margin: 37% (down from 40% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year.