First Merchants Management
Management criteria checks 3/4
First Merchants' CEO is Mark Hardwick, appointed in Jan 2021, has a tenure of 2.83 years. total yearly compensation is $1.87M, comprised of 35.5% salary and 64.5% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth $3.96M. The average tenure of the management team and the board of directors is 2.8 years and 8.4 years respectively.
Key information
Mark Hardwick
Chief executive officer
US$1.9m
Total compensation
| CEO salary percentage | 35.5% |
| CEO tenure | 2.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 2.8yrs |
| Board average tenure | 8.4yrs |
Recent management 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 31First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's
May 14If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity
May 03First Merchants declares $0.32 dividend
Aug 10First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M
Jul 26First Merchants: The Level One Acquisition Will Boost Earnings Power
Jun 07First Merchants' (NASDAQ:FRME) Dividend Will Be Increased To US$0.32
May 14Here's Why I Think First Merchants (NASDAQ:FRME) Might Deserve Your Attention Today
Mar 24Should You Be Adding First Merchants (NASDAQ:FRME) To Your Watchlist Today?
Nov 19If You Like EPS Growth Then Check Out First Merchants (NASDAQ:FRME) Before It's Too Late
Aug 07First Merchants Corporation (NASDAQ:FRME) Vies For A Place In Your Dividend Portfolio: Here's Why
May 10This Insider Has Just Sold Shares In First Merchants Corporation (NASDAQ:FRME)
Mar 19First Merchants Corporation (NASDAQ:FRME) Passed Our Checks, And It's About To Pay A US$0.26 Dividend
Feb 28Shareholders Of First Merchants (NASDAQ:FRME) Must Be Happy With Their 113% Total Return
Feb 18
First Merchants Corporation 2020 Q4 - Results - Earnings Call Presentation
Jan 28How Does First Merchants Corporation (NASDAQ:FRME) Fare As A Dividend Stock?
Jan 19Did First Merchants Corporation (NASDAQ:FRME) Insiders Buy Up More Shares?
Dec 24Why You Might Be Interested In First Merchants Corporation (NASDAQ:FRME) For Its Upcoming Dividend
Nov 28CEO Compensation Analysis
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$250m |
| Jun 30 2023 | n/a | n/a | US$258m |
| Mar 31 2023 | n/a | n/a | US$236m |
| Dec 31 2022 | US$2m | US$663k | US$221m |
| Sep 30 2022 | n/a | n/a | US$198m |
| Jun 30 2022 | n/a | n/a | US$188m |
| Mar 31 2022 | n/a | n/a | US$205m |
| Dec 31 2021 | US$1m | US$561k | US$206m |
| Sep 30 2021 | n/a | n/a | US$203m |
| Jun 30 2021 | n/a | n/a | US$186m |
| Mar 31 2021 | n/a | n/a | US$164m |
| Dec 31 2020 | US$828k | US$399k | US$149m |
| Sep 30 2020 | n/a | n/a | US$151m |
| Jun 30 2020 | n/a | n/a | US$152m |
| Mar 31 2020 | n/a | n/a | US$160m |
| Dec 31 2019 | US$994k | US$386k | US$164m |
| Sep 30 2019 | n/a | n/a | US$158m |
| Jun 30 2019 | n/a | n/a | US$163m |
| Mar 31 2019 | n/a | n/a | US$161m |
| Dec 31 2018 | US$1m | US$372k | US$159m |
| Sep 30 2018 | n/a | n/a | US$142m |
| Jun 30 2018 | n/a | n/a | US$125m |
| Mar 31 2018 | n/a | n/a | US$110m |
| Dec 31 2017 | US$1m | US$359k | US$96m |
| Sep 30 2017 | n/a | n/a | US$94m |
| Jun 30 2017 | n/a | n/a | US$91m |
| Mar 31 2017 | n/a | n/a | US$87m |
| Dec 31 2016 | US$768k | US$334k | US$81m |
Compensation vs Market: Mark's total compensation ($USD1.87M) is below average for companies of similar size in the US market ($USD5.11M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.
CEO
Mark Hardwick (52 yo)
2.8yrs
Tenure
US$1,868,200
Compensation
Mr. Mark K. Hardwick, C.P.A. currently serves as the Chief Executive Officer of First Merchants Corporation and First Merchants Bank since January 01, 2021. He serves as a Director of First Merchants Corpo...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.8yrs | US$1.87m | 0.22% $ 4.0m | |
| President | 2.8yrs | US$1.48m | 0.16% $ 2.9m | |
| Executive VP | 2.8yrs | US$1.00m | 0.066% $ 1.2m | |
| Senior VP & Chief Information Officer | 9.5yrs | US$755.49k | 0.050% $ 913.8k | |
| Advisor & Director | 2.8yrs | US$123.08k | 0.17% $ 3.1m | |
| Executive VP & Chief Credit Officer | 14.4yrs | US$875.57k | 0.089% $ 1.6m | |
| Chief Investment Officer | 2yrs | no data | no data | |
| VP & Director of Corporate Administration | no data | no data | no data | |
| Secretary & Legal Counsel | 5.8yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 7yrs | no data | 0.024% $ 443.3k | |
| Senior VP & Chief Risk Officer | 2.3yrs | no data | 0.017% $ 319.7k | |
| Corporate Controller & First VP | no data | no data | no data |
2.8yrs
Average Tenure
56yo
Average Age
Experienced Management: FRME's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.8yrs | US$1.87m | 0.22% $ 4.0m | |
| Advisor & Director | 17.9yrs | US$123.08k | 0.17% $ 3.1m | |
| Independent Vice Chairperson | 19.8yrs | US$142.80k | 0.085% $ 1.6m | |
| Independent Director | 1.5yrs | US$89.24k | 0.26% $ 4.7m | |
| Independent Chairman of the Board | 19.8yrs | US$174.95k | 0.063% $ 1.2m | |
| Independent Director | 12.5yrs | US$136.70k | 0.079% $ 1.5m | |
| Independent Director | 1.4yrs | US$57.65k | 0.0052% $ 95.6k | |
| Independent Director | 10yrs | US$142.36k | 0.035% $ 646.5k | |
| Independent Director | 11.4yrs | US$137.67k | 0.039% $ 711.3k | |
| Independent Director | 6.8yrs | US$121.70k | 0.018% $ 328.5k | |
| Independent Director | 4.3yrs | US$130.46k | 0.015% $ 280.6k | |
| Independent Director | 2.8yrs | US$117.98k | 0.0097% $ 177.9k |
8.4yrs
Average Tenure
63yo
Average Age
Experienced Board: FRME's board of directors are considered experienced (8.4 years average tenure).