First Merchants Balance Sheet Health

Financial Health criteria checks 6/6

First Merchants has total assets of $18.3B and total equity of $2.2B. Total deposits are $14.9B, and total loans are $12.3B. It earns a Net Interest Margin of 3.4%. It has sufficient allowance for bad loans, which are currently at 0.4% of total loans. Cash and short-term investments are $511.0M.

Key information

8.2x

Asset to equity ratio

3.4%

Net interest margin

Total deposits	US$14.88b
Loan to deposit ratio	Appropriate
Bad loans	0.4%
Allowance for bad loans	Sufficient
Current ratio	Low
Cash & equivalents	US$511.01m

Recent financial health updates

No updates

Recent updates

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

Sep 24

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

Should You Be Adding First Merchants (NASDAQ:FRME) To Your Watchlist Today?

Nov 19

If You Like EPS Growth Then Check Out First Merchants (NASDAQ:FRME) Before It's Too Late

Aug 07

First Merchants Corporation (NASDAQ:FRME) Vies For A Place In Your Dividend Portfolio: Here's Why

May 10

This Insider Has Just Sold Shares In First Merchants Corporation (NASDAQ:FRME)

Mar 19

First Merchants Corporation (NASDAQ:FRME) Passed Our Checks, And It's About To Pay A US$0.26 Dividend

Feb 28

Shareholders Of First Merchants (NASDAQ:FRME) Must Be Happy With Their 113% Total Return

Feb 18

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: FRME's Assets to Equity ratio (8.2x) is low.

Allowance for Bad Loans: FRME has a sufficient allowance for bad loans (382%).

Low Risk Liabilities: 92% of FRME's liabilities are made up of primarily low risk sources of funding.

Loan Level: FRME has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: FRME's Loans to Deposits ratio (82%) is appropriate.

Level of Bad Loans: FRME has an appropriate level of bad loans (0.4%).

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First Merchants Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

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

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First Merchants Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.32 per share

First Merchants Corporation Announces Board Appointments

First Merchants Corporation Announces Cash Dividend, Payable on September 16, 2022

First Merchants declares $0.32 dividend

First Merchants Corporation(NasdaqGS:FRME.P) dropped from NASDAQ Composite Index

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

First Merchants Corporation to Report Q2, 2022 Results on Jul 26, 2022

First Merchants Corporation Elects Kevin D. Johnson and Jason R. Sondhi to the Board of Directors of First Merchants Corporation and First Merchants Bank

First Merchants Corporation Announces Executive Changes

First Merchants: The Level One Acquisition Will Boost Earnings Power

Upcoming dividend of US$0.32 per share

Director recently sold US$478k worth of stock

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

First Merchants Corporation Elects Patrick J. Fehring to the Boards of Directors

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

First Merchants Corporation to Report Q1, 2022 Results on Apr 26, 2022

First Merchants Corporation (NasdaqGS:FRME) completed the acquisition of Level One Bancorp, Inc. (NasdaqGS:LEVL).

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

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.29 per share

First Merchants Corporation Announces Cash Dividend, Payable on March 18, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Senior VP & Chief Information Officer recently sold US$127k worth of stock

Senior VP & Chief Information Officer notifies of intention to sell stock

Upcoming dividend of US$0.29 per share

Should You Be Adding First Merchants (NASDAQ:FRME) To Your Watchlist Today?

Third quarter 2021 earnings released: EPS US$0.98 (vs US$0.67 in 3Q 2020)

Upcoming dividend of US$0.29 per share

If You Like EPS Growth Then Check Out First Merchants (NASDAQ:FRME) Before It's Too Late

Price target decreased to US$48.33