First Merchants Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BST:FM5 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Dec 24	Buy€159	F. Halderman	Individual	4	€39.75
16 Dec 24	Sell€301,741	Michael Stewart	Individual	7,248	€41.63
08 Nov 24	Sell€1,059,963	Patrick Fehring	Individual	26,437	€40.09
09 Aug 24	Sell€435,611	Mark Hardwick	Individual	11,832.97	€36.81

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of FM5?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	909,841	1.56%
General Public	13,168,153	22.6%
Institutions	44,228,993	75.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 57.78% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.7%	The Vanguard Group, Inc.	6,238,131	€215.8m	-1.56%	no data
8.21%	BlackRock, Inc.	4,787,987	€165.6m	-1.48%	no data
5.9%	Dimensional Fund Advisors LP	3,439,858	€119.0m	-2.18%	0.02%
4.39%	EARNEST Partners, LLC	2,562,184	€88.6m	-1.78%	0.44%
3.43%	State Street Global Advisors, Inc.	1,998,701	€69.1m	-8.7%	no data
2.45%	Geode Capital Management, LLC	1,429,313	€49.4m	2.66%	no data
1.89%	American Century Investment Management Inc	1,099,458	€38.0m	-20.9%	0.02%
1.85%	First Trust Advisors LP	1,081,328	€37.4m	56.8%	0.03%
1.47%	Victory Capital Management Inc.	855,132	€29.6m	-10.8%	0.03%
1.4%	Capital Research and Management Company	818,755	€28.3m	37.6%	no data
1.37%	Goldman Sachs Asset Management, L.P.	799,939	€27.7m	15.8%	0.01%
1.35%	William Blair Investment Management, LLC	784,461	€27.1m	-4.41%	0.04%
1.32%	Principal Global Investors, LLC	771,057	€26.7m	-4.41%	0.01%
1.28%	Systematic Financial Management LP	745,408	€25.8m	-0.49%	0.73%
1.22%	Charles Schwab Investment Management, Inc.	711,840	€24.6m	-2.68%	no data
1.18%	PL Capital Advisors, LLC	686,333	€23.7m	0%	9.37%
1.18%	BNY Asset Management	685,996	€23.7m	-4.5%	no data
1.03%	Northern Trust Global Investments	599,108	€20.7m	-0.45%	no data
1.02%	JP Morgan Asset Management	594,539	€20.6m	9.16%	no data
0.94%	Public Employees' Retirement Association of Colorado	546,322	€18.9m	0%	0.08%
0.93%	First Merchants Bank, Asset Management Arm	542,610	€18.8m	-1.29%	1.45%
0.85%	Fisher Asset Management, LLC	496,277	€17.2m	-4.43%	0.01%
0.82%	Raymond James Financial Inc., Asset Management Arm	477,207	€16.5m	0.12%	0.01%
0.81%	Manulife Asset Management	472,974	€16.4m	1.03%	0.01%
0.8%	Schroder Investment Management North America Inc.	464,656	€16.1m	62.7%	0.05%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/21 05:45
End of Day Share Price	2025/05/21 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Merchants Corporation is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Reevey	D.A. Davidson & Co.
Brendan Nosal	Hovde Group, LLC
Brian Martin	Janney Montgomery Scott LLC