Earnings of First Merchants Corporation (NASDAQ: FRME ) will likely drop this year before recovering next year. Margin pressure will likely hold earnings back, while loan growth will lift earnings. Overall, I'm expecting earnings to fall by 11% to $3.31 per share in 2024, and increase Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expre ...

First Merchants (FRME) closed the last trading session at $35.82, gaining 10.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $46.60 indicates a 30.1% upside potential. The mean estimate comprises five short-term price targets with a standard deviation of $2.07. While the lowest estimate of $45 indicates a 25.6% increase from the current price level, the most optimistic analyst e ...

FORM 10-Q SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ to _______ FIRST MERCHANTS CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |-----------------------------------|--------- ...

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. You can see the current list of Zacks #1 Rank Stocks here >>> Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the u ...

▪ Maintain top-quartile financial results supported by industry-leading governance, risk, and compliance practices to ensure long-term sustainability ▪ Continue to leverage our core competency in acquisitions to enhance growth, efficiency, and high performance ▪ Cultivate a high-quality shareholder base that values our stakeholder-centric business model nts Corporation 25 APPENDIX 26 Non-GAAP ADJUSTED NET INCOME AND DILUTED EARNINGS PER COMMON SHARE | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

First Merchants Corporation (NASDAQ:FRME) Q2 2024 Earnings Conference Call July 25, 2024 11:30 AM ET Company Participants Mark Hardwick – Chief Executive Officer Michael Stewart – President Michele Kawiecki – Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James Damon DelMonte – KBW Terry McEvoy – Stephens Inc. Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Operator Thank you for standing by, and welcome to First Merchants C ...

First Merchants (FRME) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While First Merchants has underperformed the market so far this year, t ...

First Merchants Corporation NASDAQ: FRME INVESTOR U Second Quart First Merchants Corporation | 200 E. Jackson St., P.O. Box 792, Muncie, IN 47305 | 765.747.1 Forward Looking Statement This presentation contains fonward-looking statements made pursuant to the safe-harbor provisions of the Private Securities 1995. Such forward-looking statements can often, but not always, be identified by the use of words like "belleve", "conti "project", "intend", "anticipate", "expect" and similar expressions or future or c ...

MUNCIE, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Net income available to common stockholders was $39.5 million and diluted earnings per common share totaled $.68 in the second quarter of 2024, compared to $60.4 million and $1.02 in the second quarter of 2023, and $47.5 million and $.80 in the first quarter of 2024. Strong capital position with Common Equity Tier 1 Capital Ratio of 11.02 percent. Net interest margin totaled 3.16 percent compared to 3.10 percent on a ...

Alistair Berg An old bank you have likely never heard of Business Highlights Michigan Monroe MSA Rank: 1 Detroit MSA Rank: 9 Deposits: $2.7B Loans: $2.7B Northeast Indiana Muncie MSA Rank: 1 Ft Wayne MSA Rank: 3 Deposits: $4.4B Northwest Indiana Loans: $1.9B Lake County Rank: 4 Columbus Lafayette MSA Rank: 2 Columbus MSA Rank: 14 Deposits: $0.7B Deposits: $3.4B Loans: $2.3B Loans: $1.4B Indianapolis Indianapolis MSA Rank: 8 Deposits: $3.7B Loans: $4.2B Operationally speaking, First Merchants is spread acros ...