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First Merchants (FRME) - 2024 Q1 - Quarterly Report
2024-05-01 18:57
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 March 31, 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) | Indiana | | | --- | --- | | (State or other jurisdiction of incorporation) | ...
First Merchants (FRME) - 2024 Q1 - Earnings Call Presentation
2024-04-25 21:25
1Non-core expenses in 4Q23 included $4.3 million from the FDIC special assessment, $6.3 million from early retirement and severance costs, and $2.1 million from a lease termination. 2Non-core expenses in 1Q24 included $1.1 million from the FDIC special assessment and $2.4 million from digital platform conversion costs. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------|-------|----- ...
First Merchants (FRME) - 2024 Q1 - Earnings Call Transcript
2024-04-25 21:25
First Merchants Corporation (NASDAQ:FRME) Q1 2024 Earnings Conference Call April 25, 2024 11:30 AM ET Company Participants Mark Hardwick - CEO Michael Stewart - President Michele Kawiecki - CFO John Martin - Chief Credit Officer Conference Call Participants Damon DelMonte - KBW Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Daniel Tamayo - Raymond James Terry McEvoy - Stephens Operator Thank you for standing by, and welcome to First Merchants Corporation's First Quarter 2024 Earnings Con ...
First Merchants (FRME) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-25 15:00
First Merchants (FRME) reported $153.7 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.1%. EPS of $0.85 for the same period compares to $1.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $154.95 million, representing a surprise of -0.81%. The company delivered an EPS surprise of +3.66%, with the consensus EPS estimate being $0.82.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
First Merchants (FRME) Beats Q1 Earnings Estimates
Zacks Investment Research· 2024-04-25 14:16
First Merchants (FRME) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.66%. A quarter ago, it was expected that this bank would post earnings of $0.87 per share when it actually produced earnings of $0.87, delivering no surprise.Over the last four quarters, the company has surpassed ...
First Merchants (FRME) - 2024 Q1 - Quarterly Results
2024-04-25 12:03
N / E / W / S R / E / L / E / A / S / E April 25, 2024 FOR IMMEDIATE RELEASE For more information, contact: Nicole M. Weaver, Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.com SOURCE: First Merchants Corporation, Muncie, Indiana FIRST MERCHANTS CORPORATION ANNOUNCES FIRST QUARTER 2024 EARNINGS PER SHARE First Merchants Corporation (NASDAQ - FRME) First Quarter 2024 Highlights: Mark Hardwick, Chief Executive Officer, stated, "Given the length and severity of t ...
First Merchants Corporation Announces First Quarter 2024 Earnings Per Share
Newsfilter· 2024-04-25 12:00
MUNCIE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) First Quarter 2024 Highlights: Net income available to common stockholders was $47.5 million and diluted earnings per common share totaled $0.80 compared to $63.6 million and $1.07 in the first quarter of 2023, and $42.0 million and $0.71 in the fourth quarter of 2023.   Net income and diluted earnings per common share, excluding non-core charges of $3.5 million incurred during the quarter, totaled $50.1 million and ...
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
Newsfilter· 2024-04-15 19:00
MUNCIE, Ind., April 15, 2024 (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, 2024, to stockholders of record on April 30, 2024. About First Merchant ...
First Merchants Corporation to Report First Quarter 2024 Financial Results, Host Conference Call and Webcast
Newsfilter· 2024-04-04 14:00
MUNCIE, Ind., April 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ:FRME) will report first quarter 2024 financial results on April 25, 2024. The Corporation will host a first quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, April 25, 2024. 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.vevent.com/register/BIdd109dbd75ba4d42a3ddae5a62b4e2a1) In ord ...
First Merchants (FRME) - 2023 Q4 - Annual Report
2024-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _______________________________ FORM 10-K [Mark One] ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to_________ Commission file number 0-17071 FIRST MERCHANTS CORPORATION (Exact name of registrant as specified in its charte ...