Raymond James upgraded First Merchants from Market Perform to Outperform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/31/2025 | $50.00 | Market Perform → Outperform | Hovde Group |
| 8/12/2024 | $35.00 → $38.00 | Market Perform | Hovde Group |
| 8/7/2024 | $45.00 → $38.00 | Overweight → Equal-Weight | Stephens |
| 2/21/2023 | $50.00 | Strong Buy → Outperform | Raymond James |
| 7/7/2022 | Outperform → Strong Buy | Raymond James | |
| 12/13/2021 | $47.00 | Market Perform → Outperform | Hovde Group |
| 7/29/2021 | $48.00 | Neutral → Buy | Janney |
| 7/28/2021 | $55.00 → $47.00 | Outperform | Raymond James |
MUNCIE, Ind., April 24, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) First Quarter 2025 Highlights: Net income available to common stockholders was $54.9 million and diluted earnings per common share totaled $0.94 compared to adjusted net income and diluted earnings per common share1 of $50.1 million and $0.85 in the first quarter of 2024. Adjusted net income and diluted earnings per common share1 in the fourth quarter of 2024 were $58.1 million and $1.00, respectively.Robust capital position with Common Equity Tier 1 Capital Ratio of 11.50%.Repurchased 246,751 shares totaling $10 million year-to-date; Redeemed $30 million of sub debt.Total loans grew $154.9 m
MUNCIE, Ind., April 14, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ:FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on May 15, 2025, to stockholders of record on April 30, 2025. About First Merchants Corporation: First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The
MUNCIE, Ind., April 03, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ:FRME) will report first quarter 2025 financial results on April 24, 2025. The Corporation will host a first quarter 2025 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, April 24, 2025. To access via phone, participants will need to register using the following link where they will be provided a phone number and access code: (https://register-conf.media-server.com/register/BI4ae3a07cb07a47258d30e4f3dba2448b) In order to view the webcast and presentation slides, please go to (https://edge.media-server.com/mmc/p/uqvoojku) during the time of the call. A replay of the webcast will be avai
Hovde Group upgraded First Merchants from Market Perform to Outperform and set a new price target of $50.00
Hovde Group resumed coverage of First Merchants with a rating of Market Perform and set a new price target of $38.00 from $35.00 previously
Stephens downgraded First Merchants from Overweight to Equal-Weight and set a new price target of $38.00 from $45.00 previously
4 - FIRST MERCHANTS CORP (0000712534) (Issuer)
4 - FIRST MERCHANTS CORP (0000712534) (Issuer)
4/A - FIRST MERCHANTS CORP (0000712534) (Issuer)
MUNCIE, Ind., April 24, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) First Quarter 2025 Highlights: Net income available to common stockholders was $54.9 million and diluted earnings per common share totaled $0.94 compared to adjusted net income and diluted earnings per common share1 of $50.1 million and $0.85 in the first quarter of 2024. Adjusted net income and diluted earnings per common share1 in the fourth quarter of 2024 were $58.1 million and $1.00, respectively.Robust capital position with Common Equity Tier 1 Capital Ratio of 11.50%.Repurchased 246,751 shares totaling $10 million year-to-date; Redeemed $30 million of sub debt.Total loans grew $154.9 m
MUNCIE, Ind., April 14, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ:FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on May 15, 2025, to stockholders of record on April 30, 2025. About First Merchants Corporation: First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The
MUNCIE, Ind., April 03, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ:FRME) will report first quarter 2025 financial results on April 24, 2025. The Corporation will host a first quarter 2025 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, April 24, 2025. To access via phone, participants will need to register using the following link where they will be provided a phone number and access code: (https://register-conf.media-server.com/register/BI4ae3a07cb07a47258d30e4f3dba2448b) In order to view the webcast and presentation slides, please go to (https://edge.media-server.com/mmc/p/uqvoojku) during the time of the call. A replay of the webcast will be avai
SC 13G/A - FIRST MERCHANTS CORP (0000712534) (Subject)
SC 13G/A - FIRST MERCHANTS CORP (0000712534) (Subject)
SC 13G/A - FIRST MERCHANTS CORP (0000712534) (Subject)
4 - FIRST MERCHANTS CORP (0000712534) (Issuer)
4 - FIRST MERCHANTS CORP (0000712534) (Issuer)
4 - FIRST MERCHANTS CORP (0000712534) (Issuer)
13F-HR - FIRST MERCHANTS CORP (0000712534) (Filer)
8-K - FIRST MERCHANTS CORP (0000712534) (Filer)
8-K - FIRST MERCHANTS CORP (0000712534) (Filer)
MUNCIE, Ind., May 08, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation announced that Jean L. Wojtowicz has been appointed as First Merchants Corporation and First Merchants Bank Chair of the Board of Directors. Effective May 7, 2024, Wojtowicz succeeds Charles E. Schalliol, who retired after serving as Chair for the past seventeen years. Schalliol said, "It has been my pleasure to serve as Chair of the Board of First Merchants for the past 17 years during which time First Merchants has enjoyed unprecedented success. I am confident that Jean will do an excellent job building on that success." "Leading this esteemed board is a privilege I take seriously," says Wojtowicz. "The fina
MUNCIE, Ind., Feb. 8, 2023 /PRNewswire/ -- First Merchants Corporation, an $18 billion financial holding company, has appointed Dr. Mung Chiang to the Board of Directors of First Merchants Corporation and First Merchants Bank. Dr. Chiang, President of Purdue University, is a strong advocate of partnerships that effectively drive strong and sustained economic growth and vitality in Indiana and across the Midwest. "First Merchants' Board of Directors is pleased to welcome Dr. Chiang as our newest Board member," said Board Chairman Charles E. Schalliol. "I believe First Merchants
MUNCIE, Ind., Feb. 08, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation, an $18 billion financial holding company, has appointed Dr. Mung Chiang to the Board of Directors of First Merchants Corporation and First Merchants Bank. Dr. Chiang, President of Purdue University, is a strong advocate of partnerships that effectively drive strong and sustained economic growth and vitality in Indiana and across the Midwest. "First Merchants' Board of Directors is pleased to welcome Dr. Chiang as our newest Board member," said Board Chairman Charles E. Schalliol. "I believe First Merchants' shareholders and clients will share our enthusiasm in welcoming Mung's executive leadership and business ac