View ValuationFirst Merchants 향후 성장Future 기준 점검 4/6First Merchants은 연간 수입과 매출이 각각 21%와 15.5% 증가할 것으로 예상되고 EPS는 연간 17.6%만큼 증가할 것으로 예상됩니다.핵심 정보21.0%이익 성장률17.58%EPS 성장률Banks 이익 성장8.2%매출 성장률15.5%향후 자기자본이익률n/a애널리스트 커버리지Good마지막 업데이트27 Apr 2026최근 향후 성장 업데이트Price Target Changed • Apr 28Price target decreased by 8.4% to US$45.17Down from US$49.33, the current price target is an average from 6 analysts. New target price is 27% above last closing price of US$35.61. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of US$3.80 for next year compared to US$3.42 last year.Price Target Changed • Jan 31Price target increased by 7.8% to US$49.60Up from US$46.00, the current price target is an average from 5 analysts. New target price is 12% above last closing price of US$44.44. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.42 last year.Price Target Changed • Jul 29Price target increased by 11% to US$45.80Up from US$41.20, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$41.35. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$3.26 for next year compared to US$3.74 last year.Price Target Changed • Jan 29Price target increased by 7.6% to US$41.00Up from US$38.10, the current price target is an average from 5 analysts. New target price is 16% above last closing price of US$35.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$3.39 for next year compared to US$3.74 last year.Price Target Changed • Dec 27Price target increased by 9.5% to US$38.10Up from US$34.80, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$37.94. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.83 last year.Price Target Changed • May 01Price target decreased by 12% to US$37.50Down from US$42.83, the current price target is an average from 6 analysts. New target price is 29% above last closing price of US$29.17. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$4.22 for next year compared to US$3.83 last year.모든 업데이트 보기Recent updates공시 • 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.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 28Upcoming 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 American dividend payers (4.2%). Higher than average of industry peers (2.4%).Reported Earnings • Feb 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. 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 1% 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 3.4%, which is higher than the industry average of 3.2%. 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: Revenues and EPS in line with analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. 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 4% 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 20Third 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 4.0%, which is higher than the industry average of 3.2%. 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.Seeking Alpha • Nov 08First Merchants: I Prefer The Common Over The Preferred StockSummary First Merchants delivers solid earnings growth, with net interest income rising and a well-covered 4% dividend yield. FRME's common shares offer a compelling risk/reward profile, trading at under 10x earnings and below 1.5x tangible book value. The preferred stock appears less attractive due to a 5% premium over the call price and potential call risk, despite strong dividend coverage. I rate FRME common stock a buy based on robust book value growth, low payout ratio, and attractive valuation metrics. Read the full article on Seeking Alpha공시 • 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: EPS exceeds analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. 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 6% per year.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 3.6%, which is higher than the industry average of 3.2%. 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: EPS exceeds analyst expectations while revenues lag behindSecond 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 missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. 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 1% 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, 2025분석 기사 • May 22First Merchants (NASDAQ:FRME) Is Increasing Its Dividend To $0.36First Merchants Corporation ( NASDAQ:FRME ) will increase its dividend on the 20th of June to $0.36, which is 2.9...Declared Dividend • May 21First quarter dividend increased to US$0.36Dividend of US$0.36 is 2.9% higher than last year. Ex-date: 6th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. 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.분석 기사 • May 09First Merchants Corporation's (NASDAQ:FRME) CEO Compensation Looks Acceptable To Us And Here's WhyKey Insights First Merchants will host its Annual General Meeting on 16th of May Salary of US$762.5k is part of CEO...Price Target Changed • Apr 28Price target decreased by 8.4% to US$45.17Down from US$49.33, the current price target is an average from 6 analysts. New target price is 27% above last closing price of US$35.61. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of US$3.80 for next year compared to US$3.42 last year.Reported Earnings • Apr 25First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst 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 missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. 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 3% 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.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 • Feb 28Upcoming 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 American dividend payers (4.5%). Higher than average of industry peers (2.6%).Declared Dividend • Feb 12Fourth 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 3.2%, which is about the same as the industry average. 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 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 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.Price Target Changed • Jan 31Price target increased by 7.8% to US$49.60Up from US$46.00, the current price target is an average from 5 analysts. New target price is 12% above last closing price of US$44.44. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.42 last year.Reported Earnings • Jan 30Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.Seeking Alpha • Jan 20First Merchants Corporation: Earnings To Grow Thanks To Deposit Repricing, Strong PipelinesSummary The margin will continue to expand because (i) deposits will re-price downwards, and (ii) proceeds from maturing securities will get rolled over into higher-yielding securities. Strong pipelines indicate that loan growth can remain healthy in the near term. I’m expecting the EPS to grow to $3.60 in 2025. I’m maintaining a buy rating due to a price upside of 7.6% and a dividend yield of 3.5%. Read the full article on Seeking Alpha공시 • 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 US$317k worth of stockOn the 16th of December, Michael Stewart sold around 7k shares on-market at roughly US$43.73 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 US$1.1m. This was Michael's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Dec 05President notifies of intention to sell stockMichael Stewart intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of December. If the sale is conducted around the recent share price of US$43.54, it would amount to US$316k. Since December 2023, Michael's direct individual holding has increased from 95.83k shares to 107.15k. Company insiders have collectively sold US$2.1m more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Dec 01Upcoming 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 American dividend payers (4.2%). Higher than average of industry peers (2.5%).분석 기사 • Nov 16First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35First Merchants Corporation ( NASDAQ:FRME ) has announced that it will pay a dividend of $0.35 per share on the 20th of...Declared Dividend • Nov 15Third 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 about the same as the industry average. 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 US$1.1m worth of stockOn the 8th of November, Patrick Fehring sold around 26k shares on-market at roughly US$43.01 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 US$1.9m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Nov 08Director notifies of intention to sell stockPatrick Fehring intends to sell 26k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of November. If the sale is conducted around the recent share price of US$43.02, it would amount to US$1.1m. Since December 2023, Patrick's direct individual holding has decreased from 152.57k shares to 144.60k. Company insiders have collectively sold US$960k more than they bought, via options and on-market transactions in the last 12 months.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$42.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$72.92 per share.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 7.0%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% 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, 2024새로운 내러티브 • Sep 24Tech Investments And Expansion Strategy Fuel Growth And Enhance Shareholder Value In Midwest Banking Sector Enhanced platforms for commercial clients and tech initiatives aim to improve operational efficiency and customer acquisition, boosting margins and revenue growth. Seeking Alpha • Sep 18First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next YearSummary The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I’m expecting earnings to recover next year after falling in 2024. The December 2024 target price suggests a small upside. Further, FRME is offering a dividend yield of 3.8%. Read the full article on Seeking Alpha분석 기사 • Aug 22First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35First Merchants Corporation ( NASDAQ:FRME ) has announced that it will pay a dividend of $0.35 per share on the 20th of...Declared Dividend • Aug 21Second 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 higher than the industry average of 3.2%. 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.Recent Insider Transactions Derivative • Aug 12CEO & Director notifies of intention to sell stockMark Hardwick intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of August. If the sale is conducted around the recent share price of US$35.56, it would amount to US$421k. For the year to December 2017, Mark's total compensation was 40% salary and 60% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Mark's direct individual holding has decreased from 123.70k shares to 122.23k. Company insiders have collectively sold US$960k more than they bought, via options and on-market transactions in the last 12 months.Price Target Changed • Jul 29Price target increased by 11% to US$45.80Up from US$41.20, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$41.35. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$3.26 for next year compared to US$3.74 last year.Reported Earnings • Jul 26Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$38.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 7.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$69.19 per share.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, 2024Seeking Alpha • Jun 21First Merchants Corporation: An Attractive Way To Play The Banking SectorSummary First Merchants Corporation is a regional bank with a long operating history and a market capitalization of $1.85 billion. The bank has shown growth in deposits and loans, with a focus on commercial and industrial loans. Despite recent downward pressure on revenue and profits, the institution is undervalued compared to similar firms and has strong asset quality, making it a "buy." Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Jun 02Director notifies of intention to sell stockPatrick Fehring intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of May. If the sale is conducted around the recent share price of US$32.51, it would amount to US$778k. Since June 2023, Patrick's direct individual holding has decreased from 152.83k shares to 143.31k. Company insiders have collectively sold US$978k more than they bought, via options and on-market transactions in the last 12 months.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 American dividend payers (4.8%). Higher than average of industry peers (3.0%).Declared Dividend • May 12First quarter dividend increased to US$0.35Dividend of US$0.35 is 2.9% higher than last year. Ex-date: 7th June 2024 Payment date: 21st June 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. 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 5.9% growth forecast for the Banks industry in the US. 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 10% 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: EPS misses analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.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 American dividend payers (4.7%). Higher than average of industry peers (3.2%).Recent Insider Transactions • Feb 14Independent Director recently sold US$328k worth of stockOn the 13th of February, Patrick Fehring sold around 10k shares on-market at roughly US$33.08 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 US$371k. Insiders have been net sellers, collectively disposing of US$633k 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 4.0%, which is higher than the industry average of 3.2%. 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.Price Target Changed • Jan 29Price target increased by 7.6% to US$41.00Up from US$38.10, the current price target is an average from 5 analysts. New target price is 16% above last closing price of US$35.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$3.39 for next year compared to US$3.74 last year.Reported Earnings • Jan 26Full year 2023 earnings: EPS misses analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.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, 2024Price Target Changed • Dec 27Price target increased by 9.5% to US$38.10Up from US$34.80, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$37.94. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.83 last year.Recent Insider Transactions • Dec 22Advisor & Director recently sold US$371k worth of stockOn the 19th of December, Michael Rechin sold around 10k shares on-market at roughly US$37.05 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 US$306k more than they bought in the last 12 months.Recent Insider Transactions Derivative • Dec 17Advisor & Director notifies of intention to sell stockMichael Rechin intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of December. If the sale is conducted around the recent share price of US$37.54, it would amount to US$375k. Since December 2022, Michael's direct individual holding has decreased from 106.08k shares to 100.95k. Company insiders have collectively bought US$92k more than they sold, via options and on-market transactions, 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 American dividend payers (5.0%). Higher than average of industry peers (3.6%).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: Revenues and EPS in line with analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. 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 1% 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, 2023분석 기사 • Sep 24Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth WatchingFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...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 American dividend payers (4.9%). Higher than average of industry peers (3.7%).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 25Second quarter 2023 earnings: EPS in line with expectations, revenues disappointSecond 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 missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. 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 8% 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, 2023분석 기사 • May 31First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year'sFirst Merchants Corporation's ( NASDAQ:FRME ) dividend will be increasing from last year's payment of the same period...Upcoming Dividend • May 25Upcoming dividend of US$0.34 per share at 4.9% 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: 4.9%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.7%).분석 기사 • May 14First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year'sFirst Merchants Corporation ( NASDAQ:FRME ) will increase its dividend on the 16th of June to $0.34, which is 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.분석 기사 • May 03If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An OpportunityThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Price Target Changed • May 01Price target decreased by 12% to US$37.50Down from US$42.83, the current price target is an average from 6 analysts. New target price is 29% above last closing price of US$29.17. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$4.22 for next year compared to US$3.83 last year.이익 및 매출 성장 예측NasdaqGS:FRME - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2027853283N/AN/A512/31/2026810228N/AN/A53/31/2026638197281281N/A12/31/2025642224284284N/A9/30/2025650231270270N/A6/30/2025639224260260N/A3/31/2025615207269269N/A12/31/2024611200266266N/A9/30/2024593178264264N/A6/30/2024601185268268N/A3/31/2024630206230230N/A12/31/2023648222259259N/A9/30/2023666250333333N/A6/30/2023676258302302N/A3/31/2023652236322322N/A12/31/2022611221284284N/A9/30/2022565198191191N/A6/30/2022529188207207N/A3/31/2022524205205205N/A12/31/2021520206215215N/A9/30/2021518203221221N/A6/30/2021492186184184N/A3/31/2021454164185185N/A12/31/2020433149204204N/A9/30/2020429151186186N/A6/30/2020433152210210N/A3/31/2020442160198198N/A12/31/2019441164N/A177N/A9/30/2019425158N/A181N/A6/30/2019419163N/A182N/A3/31/2019413161N/A201N/A12/31/2018408159N/A180N/A9/30/2018399142N/A183N/A6/30/2018385125N/A151N/A3/31/2018363110N/A122N/A12/31/201733996N/A127N/A9/30/201731594N/A102N/A6/30/201729791N/A129N/A3/31/201729087N/A114N/A12/31/201628681N/A104N/A9/30/201627873N/A83N/A6/30/201627169N/A53N/A3/31/201626267N/A64N/A12/31/201525665N/A57N/A9/30/201525566N/A77N/A6/30/201525366N/A84N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: FRME 의 연간 예상 수익 증가율(21%)이 saving rate(3.5%)보다 높습니다.수익 vs 시장: FRME 의 연간 수익(21%)이 US 시장(16.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: FRME 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: FRME 의 수익(연간 15.5%)이 US 시장(연간 11.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: FRME 의 수익(연간 15.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: FRME의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/17 02:54종가2026/05/15 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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
Price Target Changed • Apr 28Price target decreased by 8.4% to US$45.17Down from US$49.33, the current price target is an average from 6 analysts. New target price is 27% above last closing price of US$35.61. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of US$3.80 for next year compared to US$3.42 last year.
Price Target Changed • Jan 31Price target increased by 7.8% to US$49.60Up from US$46.00, the current price target is an average from 5 analysts. New target price is 12% above last closing price of US$44.44. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.42 last year.
Price Target Changed • Jul 29Price target increased by 11% to US$45.80Up from US$41.20, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$41.35. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$3.26 for next year compared to US$3.74 last year.
Price Target Changed • Jan 29Price target increased by 7.6% to US$41.00Up from US$38.10, the current price target is an average from 5 analysts. New target price is 16% above last closing price of US$35.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$3.39 for next year compared to US$3.74 last year.
Price Target Changed • Dec 27Price target increased by 9.5% to US$38.10Up from US$34.80, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$37.94. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.83 last year.
Price Target Changed • May 01Price target decreased by 12% to US$37.50Down from US$42.83, the current price target is an average from 6 analysts. New target price is 29% above last closing price of US$29.17. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$4.22 for next year compared to US$3.83 last year.
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.
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 28Upcoming 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 American dividend payers (4.2%). Higher than average of industry peers (2.4%).
Reported Earnings • Feb 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. 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 1% 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 3.4%, which is higher than the industry average of 3.2%. 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: Revenues and EPS in line with analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. 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 4% 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 20Third 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 4.0%, which is higher than the industry average of 3.2%. 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.
Seeking Alpha • Nov 08First Merchants: I Prefer The Common Over The Preferred StockSummary First Merchants delivers solid earnings growth, with net interest income rising and a well-covered 4% dividend yield. FRME's common shares offer a compelling risk/reward profile, trading at under 10x earnings and below 1.5x tangible book value. The preferred stock appears less attractive due to a 5% premium over the call price and potential call risk, despite strong dividend coverage. I rate FRME common stock a buy based on robust book value growth, low payout ratio, and attractive valuation metrics. Read the full article on Seeking Alpha
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: EPS exceeds analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. 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 6% per year.
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 3.6%, which is higher than the industry average of 3.2%. 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: EPS exceeds analyst expectations while revenues lag behindSecond 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 missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 3.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. 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 1% 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
분석 기사 • May 22First Merchants (NASDAQ:FRME) Is Increasing Its Dividend To $0.36First Merchants Corporation ( NASDAQ:FRME ) will increase its dividend on the 20th of June to $0.36, which is 2.9...
Declared Dividend • May 21First quarter dividend increased to US$0.36Dividend of US$0.36 is 2.9% higher than last year. Ex-date: 6th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. 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.
분석 기사 • May 09First Merchants Corporation's (NASDAQ:FRME) CEO Compensation Looks Acceptable To Us And Here's WhyKey Insights First Merchants will host its Annual General Meeting on 16th of May Salary of US$762.5k is part of CEO...
Price Target Changed • Apr 28Price target decreased by 8.4% to US$45.17Down from US$49.33, the current price target is an average from 6 analysts. New target price is 27% above last closing price of US$35.61. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of US$3.80 for next year compared to US$3.42 last year.
Reported Earnings • Apr 25First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst 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 missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Banks industry in the US. 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 3% 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.
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 • Feb 28Upcoming 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 American dividend payers (4.5%). Higher than average of industry peers (2.6%).
Declared Dividend • Feb 12Fourth 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 3.2%, which is about the same as the industry average. 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 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 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.
Price Target Changed • Jan 31Price target increased by 7.8% to US$49.60Up from US$46.00, the current price target is an average from 5 analysts. New target price is 12% above last closing price of US$44.44. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.42 last year.
Reported Earnings • Jan 30Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat.
Seeking Alpha • Jan 20First Merchants Corporation: Earnings To Grow Thanks To Deposit Repricing, Strong PipelinesSummary The margin will continue to expand because (i) deposits will re-price downwards, and (ii) proceeds from maturing securities will get rolled over into higher-yielding securities. Strong pipelines indicate that loan growth can remain healthy in the near term. I’m expecting the EPS to grow to $3.60 in 2025. I’m maintaining a buy rating due to a price upside of 7.6% and a dividend yield of 3.5%. Read the full article on Seeking Alpha
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 US$317k worth of stockOn the 16th of December, Michael Stewart sold around 7k shares on-market at roughly US$43.73 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 US$1.1m. This was Michael's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Dec 05President notifies of intention to sell stockMichael Stewart intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of December. If the sale is conducted around the recent share price of US$43.54, it would amount to US$316k. Since December 2023, Michael's direct individual holding has increased from 95.83k shares to 107.15k. Company insiders have collectively sold US$2.1m more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Dec 01Upcoming 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 American dividend payers (4.2%). Higher than average of industry peers (2.5%).
분석 기사 • Nov 16First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35First Merchants Corporation ( NASDAQ:FRME ) has announced that it will pay a dividend of $0.35 per share on the 20th of...
Declared Dividend • Nov 15Third 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 about the same as the industry average. 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 US$1.1m worth of stockOn the 8th of November, Patrick Fehring sold around 26k shares on-market at roughly US$43.01 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 US$1.9m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Nov 08Director notifies of intention to sell stockPatrick Fehring intends to sell 26k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of November. If the sale is conducted around the recent share price of US$43.02, it would amount to US$1.1m. Since December 2023, Patrick's direct individual holding has decreased from 152.57k shares to 144.60k. Company insiders have collectively sold US$960k more than they bought, via options and on-market transactions in the last 12 months.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$42.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Banks industry in the US. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$72.92 per share.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 7.0%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% 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
새로운 내러티브 • Sep 24Tech Investments And Expansion Strategy Fuel Growth And Enhance Shareholder Value In Midwest Banking Sector Enhanced platforms for commercial clients and tech initiatives aim to improve operational efficiency and customer acquisition, boosting margins and revenue growth.
Seeking Alpha • Sep 18First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next YearSummary The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I’m expecting earnings to recover next year after falling in 2024. The December 2024 target price suggests a small upside. Further, FRME is offering a dividend yield of 3.8%. Read the full article on Seeking Alpha
분석 기사 • Aug 22First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35First Merchants Corporation ( NASDAQ:FRME ) has announced that it will pay a dividend of $0.35 per share on the 20th of...
Declared Dividend • Aug 21Second 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 higher than the industry average of 3.2%. 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.
Recent Insider Transactions Derivative • Aug 12CEO & Director notifies of intention to sell stockMark Hardwick intends to sell 12k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of August. If the sale is conducted around the recent share price of US$35.56, it would amount to US$421k. For the year to December 2017, Mark's total compensation was 40% salary and 60% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Mark's direct individual holding has decreased from 123.70k shares to 122.23k. Company insiders have collectively sold US$960k more than they bought, via options and on-market transactions in the last 12 months.
Price Target Changed • Jul 29Price target increased by 11% to US$45.80Up from US$41.20, the current price target is an average from 5 analysts. New target price is 11% above last closing price of US$41.35. Stock is up 29% over the past year. The company is forecast to post earnings per share of US$3.26 for next year compared to US$3.74 last year.
Reported Earnings • Jul 26Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$38.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 7.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$69.19 per share.
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
Seeking Alpha • Jun 21First Merchants Corporation: An Attractive Way To Play The Banking SectorSummary First Merchants Corporation is a regional bank with a long operating history and a market capitalization of $1.85 billion. The bank has shown growth in deposits and loans, with a focus on commercial and industrial loans. Despite recent downward pressure on revenue and profits, the institution is undervalued compared to similar firms and has strong asset quality, making it a "buy." Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Jun 02Director notifies of intention to sell stockPatrick Fehring intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of May. If the sale is conducted around the recent share price of US$32.51, it would amount to US$778k. Since June 2023, Patrick's direct individual holding has decreased from 152.83k shares to 143.31k. Company insiders have collectively sold US$978k more than they bought, via options and on-market transactions in the last 12 months.
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 American dividend payers (4.8%). Higher than average of industry peers (3.0%).
Declared Dividend • May 12First quarter dividend increased to US$0.35Dividend of US$0.35 is 2.9% higher than last year. Ex-date: 7th June 2024 Payment date: 21st June 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.2%. 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 5.9% growth forecast for the Banks industry in the US. 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 10% 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: EPS misses analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
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 American dividend payers (4.7%). Higher than average of industry peers (3.2%).
Recent Insider Transactions • Feb 14Independent Director recently sold US$328k worth of stockOn the 13th of February, Patrick Fehring sold around 10k shares on-market at roughly US$33.08 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 US$371k. Insiders have been net sellers, collectively disposing of US$633k 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 4.0%, which is higher than the industry average of 3.2%. 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.
Price Target Changed • Jan 29Price target increased by 7.6% to US$41.00Up from US$38.10, the current price target is an average from 5 analysts. New target price is 16% above last closing price of US$35.21. Stock is down 14% over the past year. The company is forecast to post earnings per share of US$3.39 for next year compared to US$3.74 last year.
Reported Earnings • Jan 26Full year 2023 earnings: EPS misses analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.
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
Price Target Changed • Dec 27Price target increased by 9.5% to US$38.10Up from US$34.80, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of US$37.94. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of US$3.88 for next year compared to US$3.83 last year.
Recent Insider Transactions • Dec 22Advisor & Director recently sold US$371k worth of stockOn the 19th of December, Michael Rechin sold around 10k shares on-market at roughly US$37.05 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 US$306k more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Dec 17Advisor & Director notifies of intention to sell stockMichael Rechin intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of December. If the sale is conducted around the recent share price of US$37.54, it would amount to US$375k. Since December 2022, Michael's direct individual holding has decreased from 106.08k shares to 100.95k. Company insiders have collectively bought US$92k more than they sold, via options and on-market transactions, 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 American dividend payers (5.0%). Higher than average of industry peers (3.6%).
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: Revenues and EPS in line with analyst expectationsThird 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. 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 1% 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
분석 기사 • Sep 24Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth WatchingFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
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 American dividend payers (4.9%). Higher than average of industry peers (3.7%).
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 25Second quarter 2023 earnings: EPS in line with expectations, revenues disappointSecond 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 missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US. 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 8% 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
분석 기사 • May 31First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year'sFirst Merchants Corporation's ( NASDAQ:FRME ) dividend will be increasing from last year's payment of the same period...
Upcoming Dividend • May 25Upcoming dividend of US$0.34 per share at 4.9% 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: 4.9%. Lower than top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.7%).
분석 기사 • May 14First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year'sFirst Merchants Corporation ( NASDAQ:FRME ) will increase its dividend on the 16th of June to $0.34, which is 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.
분석 기사 • May 03If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An OpportunityThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Price Target Changed • May 01Price target decreased by 12% to US$37.50Down from US$42.83, the current price target is an average from 6 analysts. New target price is 29% above last closing price of US$29.17. Stock is down 26% over the past year. The company is forecast to post earnings per share of US$4.22 for next year compared to US$3.83 last year.
