First Merchants Dividends and Buybacks

Dividend criteria checks 5/6

First Merchants is a dividend paying company with a current yield of 3.5% that is well covered by earnings.

Key information

3.5%

Dividend yield

1.9%

Buyback Yield

Total Shareholder Yield	5.4%
Future Dividend Yield	3.6%
Dividend Growth	9.9%
Next dividend pay date	n/a
Ex dividend date	n/a
Dividend per share	US$1.400
Payout ratio	46%

Recent dividend and buyback updates

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Nov 16

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Aug 22

Recent updates

First Merchants Corporation: Earnings To Grow Thanks To Deposit Repricing, Strong Pipelines

Jan 20

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Nov 16

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

Sep 18

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 31

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 14

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

May 03

First Merchants declares $0.32 dividend

Aug 10

First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M

Jul 26

First Merchants: The Level One Acquisition Will Boost Earnings Power

Jun 07

First Merchants' (NASDAQ:FRME) Dividend Will Be Increased To US$0.32

May 14

Here's Why I Think First Merchants (NASDAQ:FRME) Might Deserve Your Attention Today

Mar 24

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: FRME's dividends per share have been stable in the past 10 years.

Growing Dividend: FRME's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

First Merchants Dividend Yield vs Market

How does FRME dividend yield compare to the market?
Segment	Dividend Yield
Company (FRME)	3.5%
Market Bottom 25% (US)	1.4%
Market Top 25% (US)	4.4%
Industry Average (Banks)	2.5%
Analyst forecast (FRME) (up to 3 years)	3.6%

Notable Dividend: FRME's dividend (3.5%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: FRME's dividend (3.5%) is low compared to the top 25% of dividend payers in the US market (4.45%).

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.6%), FRME's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: FRME's dividends in 3 years are forecast to be well covered by earnings (39.3% payout ratio).

Discover strong dividend paying companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/22 23:14
End of Day Share Price	2025/01/22 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

First Merchants Corporation is covered by 12 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.
Benjamin Gerlinger	Hovde Group, LLC
Brendan Nosal	Hovde Group, LLC

First Merchants Dividends and Buybacks

Dividend criteria checks 5/6

Key information

Recent dividend and buyback updates

Upcoming dividend of US$0.35 per share

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024

Upcoming dividend of US$0.35 per share

Recent updates

First Merchants Corporation: Earnings To Grow Thanks To Deposit Repricing, Strong Pipelines

First Merchants Corporation to Report Q4, 2024 Results on Jan 30, 2025

President recently sold US$317k worth of stock

President notifies of intention to sell stock

Upcoming dividend of US$0.35 per share

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Third quarter dividend of US$0.35 announced

First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024

Director recently sold US$1.1m worth of stock

Director notifies of intention to sell stock

Investor sentiment improves as stock rises 15%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Second quarter dividend of US$0.35 announced

First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024

CEO & Director notifies of intention to sell stock

Price target increased by 11% to US$45.80

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 17%

First Merchants Corporation to Report Q2, 2024 Results on Jul 25, 2024

First Merchants Corporation: An Attractive Way To Play The Banking Sector

Director notifies of intention to sell stock

Upcoming dividend of US$0.35 per share

First quarter dividend increased to US$0.35

First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes

First Merchants Corporation and First Merchants Bank Announce Board Changes

First quarter 2024 earnings released: EPS: US$0.80 (vs US$1.07 in 1Q 2023)

First Merchants Corporation to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.34 per share

Independent Director recently sold US$328k worth of stock

Fourth quarter dividend of US$0.34 announced

First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024

Price target increased by 7.6% to US$41.00

Full year 2023 earnings: EPS misses analyst expectations

First Merchants Corporation to Report Q4, 2023 Results on Jan 25, 2024

Price target increased by 9.5% to US$38.10

Advisor & Director recently sold US$371k worth of stock

Advisor & Director notifies of intention to sell stock

Upcoming dividend of US$0.34 per share at 4.4% yield

First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023

Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth Watching

Upcoming dividend of US$0.34 per share at 4.6% yield

First Merchants Corporation Declares Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of US$0.34 per share at 4.9% yield

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

First Merchants Corporation Declares Cash Dividend, Payable on June 16, 2023

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

Price target decreased by 12% to US$37.50

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.2% to US$45.00

Independent Director notifies of intention to sell stock

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.32 per share at 3.1% yield

First Merchants Corporation Announces Cash Dividend, Payable on March 17, 2023

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.32 per share

First Merchants Corporation Declares Cash Dividend, Payable on December 16, 2022

Independent Chairman of the Board notifies of intention to sell stock

Independent Chairman of the Board recently sold US$1.1m worth of stock