First Merchants Management
Management criteria checks 4/4
First Merchants' CEO is Mark Hardwick, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is $1.79M, comprised of 40.4% salary and 59.6% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $3.97M. The average tenure of the management team and the board of directors is 3.3 years and 8.8 years respectively.
Key information
Mark Hardwick
Chief executive officer
US$1.8m
Total compensation
| CEO salary percentage | 40.4% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.3yrs |
| Board average tenure | 8.8yrs |
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
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$2m | US$722k | US$222m |
| 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$96m |
Compensation vs Market: Mark's total compensation ($USD1.79M) is below average for companies of similar size in the US market ($USD5.42M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Hardwick (52 yo)
3.3yrs
Tenure
US$1,787,750
Compensation
Mr. Mark K. Hardwick, C.P.A. 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 Corporation and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.3yrs | US$1.79m | 0.21% $ 4.0m | |
| President | 3.3yrs | US$1.38m | 0.16% $ 3.1m | |
| Executive VP | 3.3yrs | US$1.00m | 0.068% $ 1.3m | |
| Senior VP & Chief Information Officer | 9.9yrs | US$696.71k | 0.046% $ 881.2k | |
| Advisor & Director | 3.3yrs | US$151.40k | 0.16% $ 3.0m | |
| Executive VP & Chief Credit Officer | 14.8yrs | US$801.96k | 0.091% $ 1.8m | |
| Chief Investment Officer | 2.4yrs | no data | no data | |
| VP & Director of Corporate Administration | no data | no data | no data | |
| Secretary & Legal Counsel | 6.3yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer | 7.4yrs | no data | 0.024% $ 470.7k | |
| Senior VP & Chief Risk Officer | 2.7yrs | no data | 0.018% $ 339.6k | |
| Corporate Controller & First VP | no data | no data | no data |
3.3yrs
Average Tenure
56yo
Average Age
Experienced Management: FRME's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3.2yrs | US$1.79m | 0.21% $ 4.0m | |
| Advisor & Director | 18.3yrs | US$151.40k | 0.16% $ 3.0m | |
| Independent Vice Chairperson | 20.3yrs | US$194.44k | 0.090% $ 1.7m | |
| Director | 1.9yrs | US$148.46k | 0.24% $ 4.7m | |
| Independent Chairman of the Board | 20.3yrs | US$206.40k | 0.069% $ 1.3m | |
| Independent Director | 12.9yrs | US$162.88k | 0.082% $ 1.6m | |
| Independent Director | 1.8yrs | US$146.68k | 0.0073% $ 141.1k | |
| Independent Director | 10.4yrs | US$166.20k | 0.038% $ 739.3k | |
| Independent Director | 11.8yrs | US$137.67k | 0.044% $ 851.3k | |
| Independent Director | 7.2yrs | US$147.88k | 0.023% $ 436.2k | |
| Independent Director | 4.7yrs | US$158.98k | 0.019% $ 375.4k | |
| Independent Director | 3.2yrs | US$151.23k | 0.012% $ 229.9k |
8.8yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FRME's board of directors are considered experienced (8.8 years average tenure).