First Merchants Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:FRME Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Dec 24	BuyUS$165	F. Halderman	Individual	4	US$41.24
16 Dec 24	SellUS$316,955	Michael Stewart	Individual	7,248	US$43.73
08 Nov 24	SellUS$1,137,055	Patrick Fehring	Individual	26,437	US$43.01
09 Aug 24	SellUS$475,922	Mark Hardwick	Individual	11,832.97	US$40.22

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of FRME?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Individual Insiders	909,841	1.56%
General Public	12,778,818	21.9%
Institutions	44,618,328	76.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 58.42% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.7%	The Vanguard Group, Inc.	6,238,131	US$243.6m	-1.56%	no data
8.21%	BlackRock, Inc.	4,787,987	US$187.0m	-1.48%	no data
6.03%	Dimensional Fund Advisors LP	3,516,562	US$137.3m	-0.9%	0.02%
4.47%	EARNEST Partners, LLC	2,608,646	US$101.9m	-0.24%	0.46%
3.75%	State Street Global Advisors, Inc.	2,189,228	US$85.5m	11.9%	no data
2.39%	Geode Capital Management, LLC	1,392,259	US$54.4m	-0.61%	no data
2.38%	American Century Investment Management Inc	1,389,058	US$54.2m	-4.95%	0.03%
1.47%	Victory Capital Management Inc.	855,132	US$33.4m	-10.8%	0.03%
1.4%	Capital Research and Management Company	818,755	US$32.0m	37.6%	no data
1.35%	William Blair Investment Management, LLC	784,461	US$30.6m	-4.41%	0.04%
1.33%	Nuveen Investments, Inc.	777,805	US$30.4m	354%	0.01%
1.32%	Principal Global Investors, LLC	771,057	US$30.1m	-4.41%	0.01%
1.28%	Systematic Financial Management LP	749,055	US$29.3m	9.72%	0.74%
1.24%	Goldman Sachs Asset Management, L.P.	721,904	US$28.2m	4.47%	0.01%
1.22%	Charles Schwab Investment Management, Inc.	711,840	US$27.8m	-2.68%	no data
1.18%	First Trust Advisors LP	689,556	US$26.9m	18.8%	0.02%
1.18%	PL Capital Advisors, LLC	686,333	US$26.8m	0%	9.02%
1.06%	Bridgeway Capital Management, LLC	616,328	US$24.1m	1.05%	0.43%
1.03%	Northern Trust Global Investments	601,807	US$23.5m	-6.13%	no data
1.02%	JP Morgan Asset Management	594,539	US$23.2m	9.16%	no data
0.94%	Public Employees' Retirement Association of Colorado	546,322	US$21.3m	0%	0.08%
0.93%	First Merchants Bank, Asset Management Arm	542,610	US$21.2m	-1.29%	1.48%
0.89%	Fisher Asset Management, LLC	519,257	US$20.3m	16%	0.01%
0.82%	Mesirow Financial Investment Management, Inc.	477,013	US$18.6m	0%	0.28%
0.82%	Raymond James Financial Inc., Asset Management Arm	476,657	US$18.6m	5,330%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/15 06:00
End of Day Share Price	2025/05/15 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

First Merchants Corporation is covered by 11 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.
Brendan Nosal	Hovde Group, LLC
Brian Martin	Janney Montgomery Scott LLC