First Merchants Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Mark Hardwick (51 yo)

1.67yrs

Tenure

US$1,454,487

Compensation

Mr. Mark K. Hardwick, C.P.A. currently serves as the Chief Executive Officer of First Merchants Corporation and First Merchants Bank. He joined First Merchants in November of 1997 as corporate Controlle...


CEO Compensation Analysis

Mark Hardwick's Compensation vs First Merchants Earnings
How has Mark Hardwick's remuneration changed compared to First Merchants's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$188m

Mar 31 2022n/an/a

US$205m

Dec 31 2021US$1mUS$561k

US$206m

Sep 30 2021n/an/a

US$203m

Jun 30 2021n/an/a

US$186m

Mar 31 2021n/an/a

US$164m

Dec 31 2020US$828kUS$399k

US$149m

Sep 30 2020n/an/a

US$151m

Jun 30 2020n/an/a

US$152m

Mar 31 2020n/an/a

US$160m

Dec 31 2019US$994kUS$386k

US$164m

Sep 30 2019n/an/a

US$158m

Jun 30 2019n/an/a

US$163m

Mar 31 2019n/an/a

US$161m

Dec 31 2018US$1mUS$372k

US$159m

Sep 30 2018n/an/a

US$142m

Jun 30 2018n/an/a

US$125m

Mar 31 2018n/an/a

US$110m

Dec 31 2017US$1mUS$359k

US$96m

Sep 30 2017n/an/a

US$94m

Jun 30 2017n/an/a

US$91m

Mar 31 2017n/an/a

US$87m

Dec 31 2016US$768kUS$334k

US$81m

Sep 30 2016n/an/a

US$73m

Jun 30 2016n/an/a

US$69m

Mar 31 2016n/an/a

US$67m

Dec 31 2015US$741kUS$317k

US$65m

Compensation vs Market: Mark's total compensation ($USD1.45M) is below average for companies of similar size in the US market ($USD5.62M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FRME's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: FRME's board of directors are considered experienced (9.5 years average tenure).