Stock Research for Breakout trading

FIRST MERCHANTS CORP COM support | resistance | research Stock : FRME |   Stock Recommendations : Buy Sector : Financial |   First resistance : 22.50 Stock Name : FIRST MERCHANTS CORP COM |   Second resistance : 22.80 Buy Near : 22.01 |   Third resistance : 24.99 StopLoss : 18.06 |   First Support : 22.00 Posted date : 11/2/2008 12:00:00 AM |   Second Support : 20.11 First Merchants Corporation com (FRME) Stock given a breakout on 10/31/08 with good volume Again many technical indicators also have given a buy signal, with rising moving average. Weekly and daily Stockhastic and ADX also given a buy signal.    First Merchants Corporation com (FRME) declared a quarterly cash dividend of $0.23 per share on its common Stock. The cash dividend is payable December 19, 2008, to Stockholders of record December 5, 2008. First Merchants Corporation com (FRME) is a financial holding company. In down economy good dividend pay offering good investment in this Stock. As per technical indicator analysis this Stock looks good candidate for portfolio investment and also for day trading, Stock investing, trend trading | swing trading. Due to Stock market and economic condition keep tight stop loss on all position. You can buy this Stock near $16.00

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It's been a good week for First Merchants Corporation (NASDAQ:FRME) shareholders, because the company has just... 0 https://finance.yahoo.com/news/first-merchants-corporation-beat-analyst-135719422.html?.tsrc=rss Sun, 26 Jul 2020 13:57:19 +0000 First Merchants Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year 0 FRME earnings call for the period ending June 30, 2020. 1 https://finance.yahoo.com/m/313f5645-d278-3ea7-b44b-d8e0f9683f80/first-merchants-corp-%28frme%29.html?.tsrc=rss Fri, 24 Jul 2020 13:00:40 +0000 First Merchants Corp (FRME) Q2 2020 Earnings Call Transcript 0 First Merchants (FRME) delivered earnings and revenue surprises of 40.91% and -0.67%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock? 2 https://finance.yahoo.com/news/first-merchants-frme-beats-q2-132501296.html?.tsrc=rss Thu, 23 Jul 2020 13:25:01 +0000 First Merchants (FRME) Beats Q2 Earnings Estimates 0 MUNCIE, Ind., July 23, 2020 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported second quarter 2020 net income of $33 million compared to $41.1 million during the same period in 2019.  Earnings per share for the period totaled $.62 per share compared to the second quarter of 2019 result of $.83 per share.  Year-to-date net income totaled $67.3 million compared to $79.9 million during the six months ended June 30, 2019.  Year-to-date earnings per share totaled $1.24 compared to $1.61 during the same period in 2019. Total assets equaled $13.8 billion as of the quarter-ended June 30, 2020 and loans totaled $9.3 billion.  The Corporation’s loan portfolio increased by $1.8 billion, or 23.7 percent, during the past twelve months.  Investments increased $696 million, or 33.3 percent, during the same period and now totals $2.8 billion.  Total deposits equaled $11 billion as of quarter-end and increased by $2.6 billion, or 31.8 percent, from the same period in 2019.  Our acquisition of Monroe Bank & Trust (“MBT”), which closed on September 1, 2019, accounted for $733 million of loan growth and $1.1 billion of deposit growth.  Additionally, Payroll Protection Program (“PPP”) loans accounted for $883 million of the period’s loan growth.  The loan to deposit ratio now totals 84.8 percent and loan to asset ratio totals 67.3 percent.  As of June 30, 2020, the Corporation’s total risk-based capital ratio equaled 14.2 percent, the common equity tier 1 capital ratio equaled 11.8 percent, and the tangible common equity ratio totaled 9.31 percent.  Excluding PPP loans, our tangible common equity ratio totaled 9.93 percent.The Corporation’s provision expense totaled $21.9 million and net charge-offs for the quarter totaled just $230,000.  The allowance for loan losses totaled $121.1 million as of June 30, 2020, up from $81.3 million as of June 30, 2019.   The Corporation chose to defer the adoption of the current expected credit loss (“CECL”) model so allowance for loan losses were calculated under the incurred loss method.  Allowance for loan losses is 1.30% of total loans, 1.62% including remaining fair value marks with allowance, and 1.79% excluding PPP loans from total loans. The increased year-to-date provision expense of $41.6 million primarily reflects our view of increased credit risk related to the COVID-19 pandemic. Remaining fair value marks on purchased loans is $29.3 million.Michael C. Rechin, President and Chief Executive Officer, stated, “Our financial results for the second quarter 2020 combine stressed economic conditions and net interest margin pressure with the opportunity to provide our clients access to the SBA’s Payroll Protection Program.  Our bankers really leaned into the PPP offering on behalf of businesses throughout our markets because it fits our culture and strategy as a largely commercial bank.   Several thousand borrowers looked to the bank to assist their efforts in employee retention in a most challenging time.  In the near-term, the magnitude of our participation grew our balance sheet substantially in loans and deposits.  The funding affords borrowers time to weather the COVID-19 initiated recession.”  Rechin also added, “Despite the reopening of Midwest economies and reducing unemployment, we recorded a $22 million provision reflecting our uncertain economic environment.  With stay at home orders in place through much of the quarter, our technology proved to be a key point of service delivery for our clients.  The results we achieved in pre-tax, pre-provision earnings, capital growth and efficiency remain at top quartile performance levels.”Net-interest income for the quarter totaled $93 million, down $859,000 from the first quarter of 2020, as linked quarterly net interest margin declined by 27 basis points totaling 3.19 percent.  Yields on earning assets decreased by 66 basis points totaling 3.72 percent and the cost of supporting liabilities decreased by 39 basis points and totaled 53 basis points.  The addition of $883 million of PPP loans negatively impacted margin by 6 basis points, but the major driver was the decline in LIBOR from 99 basis points as of March 31, 2020 to just 16 basis points on June 30, 2020.Non-interest income totaled $26.5 million for the quarter, a $4.9 million increase over the second quarter of 2019, but a $3.3 million decrease from the first quarter of 2020.  Gains from the sale of mortgage loans remain strong given the rate environment, while service charges on deposit accounts were less than planned due to higher than normal average balances per account.  Non-interest expense totaled $60 million for the quarter compared to $57.6 million in the second quarter of 2019 and $66.2 million in the first quarter of 2020.  The primary drivers of the linked quarterly results were a $2.3 million deferral of salary expense related to PPP loan originations, a $1.1 million reduction in bonus accruals and a $1.6 million decrease in processing fees related to termination of a debit card rewards program.CONFERENCE CALLFirst Merchants Corporation will conduct a second quarter earnings conference call and web cast at 2:30 p.m. (ET) on Thursday, July 23, 2020.To participate, dial (Toll Free) 877-507-0578 and reference First Merchants Corporation's second quarter earnings release. International callers please call +1 412-317-1073.  A replay of the call will be available until August 21, 2020. To access a replay of the call, US participants should dial (Toll Free) 877-344-7529, Canada participants should dial 855-669-9658, or for International participants, dial +1 412-317-0088. The replay access code is 10144066.In order to view the web cast and presentation slides, please go to http://services.choruscall.com/links/frme200723.html during the time of the call.  A replay of the web cast will be available until July 23, 2021.Detailed financial results are reported on the attached pages.About First Merchants CorporationFirst Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank.  The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.Forward-Looking StatementsThis release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not always, be identified by the use of words like “believe”, “continue”, “pattern”, “estimate”, “project”, “intend”, “anticipate”, “expect” and similar expressions or future or conditional verbs such as “will”, would”, “should”, “could”, “might”, “can”, “may”, or similar expressions. These statements include statements of First Merchants’ goals, intentions and expectations; statements regarding the First Merchants’ business plan and growth strategies; statements regarding the asset quality of First Merchants’ loan and investment portfolios; and estimates of First Merchants’ risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements, including, among other things: possible changes in monetary and fiscal policies, and laws and regulations; the effects of easing restrictions on participants in the financial services industry; the cost and other effects of legal and administrative cases; possible changes in the credit worthiness of customers and the possible impairment of collectability of loans; fluctuations in market rates of interest; competitive factors in the banking industry; changes in the banking legislation or regulatory requirements of federal and state agencies applicable to bank holding companies and banks like First Merchants’ affiliate bank; continued availability of earnings and excess capital sufficient for the lawful and prudent declaration of dividends; changes in market, economic, operational, liquidity, credit and interest rate risks associated with the First Merchants’ business; and other risks and factors identified in each of First Merchants’ filings with the Securities and Exchange Commission. First Merchants does not undertake any obligation to update any forward-looking statement, whether written or oral, relating to the matters discussed in this press release. In addition, First Merchants’ past results of operations do not necessarily indicate its anticipated future results. CONSOLIDATED BALANCE SHEETS    (Dollars In Thousands)June 30,  2020 2019 ASSETS    Cash and cash equivalents$229,759   $128,185  Interest-bearing time deposits380,021   129,614  Investment securities2,789,379   2,092,924  Loans held for sale901   5,854  Loans9,298,541   7,511,370  Less: Allowance for loan losses(121,119)  (81,274) Net loans9,177,422   7,430,096  Premises and equipment112,548   91,767  Federal Home Loan Bank stock28,736   24,588  Interest receivable57,063   45,150  Goodwill and other intangibles575,855   466,736  Cash surrender value of life insurance290,715   226,241  Other real estate owned7,367   1,131  Tax asset, deferred and receivable13,126   12,340  Other assets156,486   83,231  TOTAL ASSETS$13,819,378   $10,737,857  LIABILITIES    Deposits:    Noninterest-bearing$2,260,351   $1,353,165  Interest-bearing8,705,637   6,966,163  Total Deposits10,965,988   8,319,328  Borrowings:    Federal funds purchased—   75,000  Securities sold under repurchase agreements181,150   119,674  Federal Home Loan Bank advances400,817   460,042  Subordinated debentures and other borrowings285,197   138,574  Total Borrowings867,164   793,290  Interest payable5,587   6,740  Other liabilities171,544   116,863  Total Liabilities12,010,283   9,236,221  STOCKHOLDERS' EQUITY    Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:    Authorized -- 600 shares    Issued and outstanding - 125 shares125   125  Common Stock, $.125 stated value:    Authorized -- 100,000,000 shares    Issued and outstanding - 53,795,500 and 49,456,594 shares6,724   6,182  Additional paid-in capital1,002,962   841,365  Retained earnings735,439   639,362  Accumulated other comprehensive income (loss)63,845   14,602  Total Stockholders' Equity1,809,095   1,501,636  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$13,819,378   $10,737,857  CONSOLIDATED STATEMENTS OF INCOMEThree Months Ended Six Months Ended (Dollars In Thousands, Except Per Share Amounts)June 30, June 30,  2020 2019 2020 2019 INTEREST INCOME        Loans receivable:        Taxable$87,312  $92,824  $183,964  $183,305  Tax-exempt5,359  4,244  10,674  8,397  Investment securities:        Taxable6,147  6,998  13,778  13,093  Tax-exempt10,019  7,454  19,354  14,325  Deposits with financial institutions134  784  709  1,659  Federal Home Loan Bank stock281  335  580  673  Total Interest Income109,252  112,639  229,059  221,452  INTEREST EXPENSE        Deposits12,707  23,087  34,455  42,681  Federal funds purchased2  117  113  210  Securities sold under repurchase agreements92  342  444  672  Federal Home Loan Bank advances1,794  1,692  3,568  3,506  Subordinated debentures and other borrowings1,639  2,123  3,584  4,239  Total Interest Expense16,234  27,361  42,164  51,308  NET INTEREST INCOME93,018  85,278  186,895  170,144  Provision for loan losses21,895  500  41,647  1,700  NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES71,123  84,778  145,248  168,444  OTHER INCOME        Service charges on deposit accounts4,312  5,437  10,282  10,532  Fiduciary and wealth management fees5,601  3,931  11,586  7,749  Card payment fees6,097  4,829  12,004  9,655  Net gains and fees on sales of loans3,674  1,736  7,037  3,031  Derivative hedge fees1,042  1,487  2,981  2,268  Other customer fees333  341  731  780  Earnings on cash surrender value of life insurance1,326  946  2,686  1,935  Net realized gains on sales of available for sale securities3,068  1,843  7,680  2,983  Other income1,028  1,064  1,293  1,394  Total Other Income26,481  21,614  56,280  40,327  OTHER EXPENSES        Salaries and employee benefits35,698  32,709  74,941  65,737  Net occupancy5,447  4,469  11,248  9,496  Equipment4,489  4,117  8,833  7,759  Marketing2,092  2,752  3,535  3,826  Outside data processing fees2,618  3,929  6,817  7,613  Printing and office supplies279  334  666  649  Intangible asset amortization1,511  1,520  3,025  3,048  FDIC assessments1,472  678  2,995  1,385  Other real estate owned and foreclosure expenses684  903  1,189  2,068  Professional and other outside services1,553  2,376  3,811  4,260  Other expenses4,146  3,800  9,100  8,367  Total Other Expenses59,989  57,587  126,160  114,208  INCOME BEFORE INCOME TAX37,615  48,805  75,368  94,563  Income tax expense4,623  7,749  8,113  14,690  NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$32,992  $41,056  $67,255  $79,873           Per Share Data:        Basic Net Income Available to Common Stockholders$0.62  $0.83  $1.24  $1.62  Diluted Net Income Available to Common Stockholders$0.62  $0.83  $1.24  $1.61  Cash Dividends Paid$0.26  $0.26  $0.52  $0.48  Average Diluted Shares Outstanding (in thousands)53,943  49,550  54,430  49,545  FINANCIAL HIGHLIGHTS        (Dollars in thousands)Three Months Ended Six Months Ended  June 30, June 30,  2020 2019 2020 2019 NET CHARGE-OFFS$230  $128  $812  $978           AVERAGE BALANCES:        Total Assets$13,655,322  $10,499,948  $13,114,280  $10,291,205  Total Loans9,180,610  7,385,315  8,853,591  7,308,146  Total Earning Assets12,187,442  9,518,892  11,739,936  9,326,579  Total Deposits10,789,909  8,321,459  10,338,091  8,130,120  Total Stockholders' Equity1,795,509  1,479,254  1,805,963  1,454,633           FINANCIAL RATIOS:        Return on Average Assets0.97% 1.56% 1.03% 1.55% Return on Average Stockholders' Equity7.35  11.10  7.45  10.98  Return on Average Common Stockholders' Equity7.35  11.10  7.45  10.98  Average Earning Assets to Average Assets89.25  90.66  89.52  90.63  Allowance for Loan Losses as % of Total Loans1.30  1.08  1.30  1.08  Net Charge-offs as % of Average Loans (Annualized)0.01  0.01  0.02  0.03  Average Stockholders' Equity to Average Assets13.15  14.09  13.77  14.13  Tax Equivalent Yield on Average Earning Assets3.72  4.86  4.04  4.88  Interest Expense/Average Earning Assets0.53  1.15  0.72  1.10  Net Interest Margin (FTE) on Average Earning Assets3.19  3.71  3.32  3.78  Efficiency Ratio47.95  51.00  50.09  51.09  Tangible Common Book Value Per Share$23.04  $21.01  $23.04  $21.01  NON-PERFORMING ASSETS          (Dollars In Thousands)June 30, March 31, December 31, September 30, June 30,  2020 2020 2019 2019 2019 Non-Accrual Loans$50,102  $15,649  $15,949  $22,728  $25,635  Renegotiated Loans1,086  665  841  576  640  Non-Performing Loans (NPL)51,188  16,314  16,790  23,304  26,275  Other Real Estate Owned and Repossessions7,409  8,017  7,527  7,156  1,131  Non-Performing Assets (NPA)58,597  24,331  24,317  30,460  27,406  90+ Days Delinquent4,981  312  69  82  209  NPAs & 90 Day Delinquent$63,578  $24,643  $24,386  $30,542  $27,615             Allowance for Loan Losses$121,119  $99,454  $80,284  $80,571  $81,274  Quarterly Net Charge-offs230  582  787  1,303  128  NPAs / Actual Assets %0.42% 0.19% 0.20% 0.25% 0.26% NPAs & 90 Day / Actual Assets %0.46% 0.19% 0.20% 0.25% 0.26% NPAs / Actual Loans and OREO %0.63% 0.28% 0.29% 0.37% 0.36% Allowance for Loan Losses / Actual Loans (%)1.30% 1.15% 0.95% 0.97% 1.08% Net Charge-offs as % of Average Loans (Annualized)0.01% 0.03% 0.04% 0.07% 0.01% CONSOLIDATED BALANCE SHEETS          (Dollars In Thousands)June 30, March 31, December 31, September 30, June 30,  2020 2020 2019 2019 2019 ASSETS          Cash and cash equivalents$229,759   $127,731   $177,201   $202,383   $128,185  Interest-bearing time deposits380,021   132,944   118,263   230,101   129,614  Investment securities2,789,379   2,697,954   2,596,063   2,489,420   2,092,924  Loans held for sale901   5,039   9,037   7,910   5,854  Loans9,298,541   8,606,849   8,459,310   8,299,260   7,511,370  Less: Allowance for loan losses(121,119)  (99,454)  (80,284)  (80,571)  (81,274) Net loans9,177,422   8,507,395   8,379,026   8,218,689   7,430,096  Premises and equipment112,548   114,045   113,055   113,446   91,767  Federal Home Loan Bank stock28,736   28,736   28,736   28,736   24,588  Interest receivable57,063   47,489   48,901   45,923   45,150  Goodwill and other intangibles575,855   577,366   578,880   579,751   466,736  Cash surrender value of life insurance290,715   289,574   288,206   286,747   226,241  Other real estate owned7,367   7,972   7,527   7,156   1,131  Tax asset, deferred and receivable13,126   9,497   12,165   15,187   12,340  Other assets156,486   147,776   100,194   99,612   83,231  TOTAL ASSETS$13,819,378   $12,693,518   $12,457,254   $12,325,061   $10,737,857  LIABILITIES          Deposits:          Noninterest-bearing$2,260,351   $1,688,205   $1,736,396   $1,777,365   $1,353,165  Interest-bearing8,705,637   8,182,279   8,103,560   7,988,086   6,966,163  Total Deposits10,965,988   9,870,484   9,839,956   9,765,451   8,319,328  Borrowings:          Federal funds purchased—   47,000   55,000   —   75,000  Securities sold under repurchase agreements181,150   183,317   187,946   191,603   119,674  Federal Home Loan Bank advances400,817   480,995   351,072   354,609   460,042  Subordinated debentures and other borrowings285,197   128,741   138,685   138,630   138,574  Total Borrowings867,164   840,053   732,703   684,842   793,290  Interest payable5,587   7,746   6,754   7,855   6,740  Other liabilities171,544   197,275   91,404   117,901   116,863  Total Liabilities12,010,283   10,915,558   10,670,817   10,576,049   9,236,221  STOCKHOLDERS' EQUITY          Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:          Authorized -- 600 shares          Issued and outstanding125   125   125   125   125  Common Stock, $.125 stated value:          Authorized -- 100,000,000 shares          Issued and outstanding6,724   6,719   6,921   6,918   6,182  Additional paid-in capital1,002,962   1,000,942   1,054,997   1,053,148   841,365  Retained earnings735,439   716,518   696,520   663,173   639,362  Accumulated other comprehensive income (loss)63,845   53,656   27,874   25,648   14,602  Total Stockholders' Equity1,809,095   1,777,960   1,786,437   1,749,012   1,501,636  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$13,819,378   $12,693,518   $12,457,254   $12,325,061   $10,737,857             CONSOLIDATED STATEMENTS OF INCOME          (Dollars In Thousands, Except Per Share Amounts)June 30, March 31, December 31, September 30, June 30,  2020 2020 2019 2019 2019 INTEREST INCOME          Loans receivable:          Taxable$87,312  $96,652  $102,617  $96,850   $92,824  Tax-exempt5,359  5,315  4,671  4,500   4,244  Investment securities:          Taxable6,147  7,631  7,993  6,729   6,998  Tax-exempt10,019  9,335  8,995  8,335   7,454  Deposits with financial institutions134  575  1,203  1,363   784  Federal Home Loan Bank stock281  299  342  355   335  Total Interest Income109,252  119,807  125,821  118,132   112,639  INTEREST EXPENSE          Deposits12,707  21,748  24,074  24,830   23,087  Federal funds purchased2  111  26  15   117  Securities sold under repurchase agreements92  352  367  385   342  Federal Home Loan Bank advances1,794  1,774  1,776  1,894   1,692  Subordinated debentures and other borrowings1,639  1,945  1,994  2,076   2,123  Total Interest Expense16,234  25,930  28,237  29,200   27,361  NET INTEREST INCOME93,018  93,877  97,584  88,932   85,278  Provision for loan losses21,895  19,752  500  600   500  NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES71,123  74,125  97,084  88,332   84,778  OTHER INCOME          Service charges on deposit accounts4,312  5,970  6,312  6,107   5,437  Fiduciary and wealth management fees5,601  5,985  5,384  4,429   3,931  Card payment fees6,097  5,907  5,430  5,158   4,829  Net gains and fees on sales of loans3,674  3,363  2,633  2,227   1,736  Derivative hedge fees1,042  1,939  1,405  1,684   1,487  Other customer fees333  398  434  450   341  Earnings on cash surrender value of life insurance1,326  1,360  1,458  1,144   946  Net realized gains on sales of available for sale securities3,068  4,612  1,039  393   1,843  Other income1,028  265  150  524   1,064  Total Other Income26,481  29,799  24,245  22,116   21,614  OTHER EXPENSES          Salaries and employee benefits35,698  39,243  39,358  38,942   32,709  Net occupancy5,447  5,801  5,311  4,777   4,469  Equipment4,489  4,344  4,429  4,030   4,117  Marketing2,092  1,443  1,492  1,332   2,752  Outside data processing fees2,618  4,199  4,428  4,435   3,929  Printing and office supplies279  387  484  312   334  Intangible asset amortization1,511  1,514  1,590  1,356   1,520  FDIC assessments1,472  1,523  —  (668)  678  Other real estate owned and foreclosure expenses684  505  66  294   903  Professional and other outside services1,553  2,258  2,899  8,251   2,376  Other expenses4,146  4,954  5,144  4,293   3,800  Total Other Expenses59,989  66,171  65,201  67,354   57,587  INCOME BEFORE INCOME TAX37,615  37,753  56,128  43,094   48,805  Income tax expense4,623  3,490  8,298  6,337   7,749  NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$32,992  $34,263  $47,830  $36,757   $41,056             Per Share Data:          Basic Net Income Available to Common Stockholders$0.62  $0.63  $0.87  $0.71   $0.83  Diluted Net Income Available to Common Stockholders$0.62  $0.62  $0.87  $0.71   $0.83  Cash Dividends Paid$0.26  $0.26  $0.26  $0.26   $0.26  Average Diluted Shares Outstanding (in thousands)53,943  54,918  55,520  51,570   49,550  FINANCIAL RATIOS:          Return on Average Assets0.97% 1.09% 1.53% 1.30 % 1.56% Return on Average Stockholders' Equity7.35  7.55  10.82  9.21   11.10  Return on Average Common Stockholders' Equity7.35  7.55  10.82  9.21   11.10  Average Earning Assets to Average Assets89.25  89.81  89.71  90.37   90.66  Allowance for Loan Losses as % of Total Loans1.30  1.15  0.95  0.97   1.08  Net Charge-offs as % of Average Loans (Annualized)0.01  0.03  0.04  0.07   0.01  Average Stockholders' Equity to Average Assets13.15  14.45  14.17  14.16   14.09  Tax Equivalent Yield on Average Earning Assets3.72  4.38  4.63  4.77   4.86  Interest Expense/Average Earning Assets0.53  0.92  1.01  1.15   1.15  Net Interest Margin (FTE) on Average Earning Assets3.19  3.46  3.62  3.62   3.71  Efficiency Ratio47.95  52.17  51.07  57.60   51.00  Tangible Common Book Value Per Share$23.04  $22.46  $21.94  $21.26   $21.01  LOANS          (Dollars In Thousands)June 30, March 31, December 31, September 30, June 30,  2020 2020 2019 2019 2019 Commercial and industrial loans$2,898,329  $2,199,226  $2,109,879  $2,034,311  $1,877,042  Agricultural production financing and other loans to farmers93,838  87,421  93,861  90,462  83,452  Real estate loans:          Construction640,560  643,674  787,568  670,138  624,548  Commercial and farmland3,239,998  3,268,168  3,052,698  3,144,649  2,821,689  Residential1,145,187  1,121,556  1,143,217  1,155,403  993,802  Home equity532,314  570,398  588,984  601,335  548,006  Individuals' loans for household and other personal expenditures123,611  129,765  135,989  131,246  98,384  Public finance and other commercial loans624,704  586,641  547,114  471,716  464,447  Loans9,298,541  8,606,849  8,459,310  8,299,260  7,511,370  Allowance for loan losses(121,119) (99,454) (80,284) (80,571) (81,274) NET LOANS$9,177,422  $8,507,395  $8,379,026  $8,218,689  $7,430,096  DEPOSITS          (Dollars In Thousands)June 30, March 31, December 31, September 30, June 30,  2020 2020 2019 2019 2019 Demand deposits$6,288,360  $5,293,200  $5,250,568  $5,183,971  $4,309,473  Savings deposits3,278,156  2,962,821  2,896,177  2,808,745  2,358,720  Certificates and other time deposits of $100,000 or more607,474  694,062  736,843  731,693  720,536  Other certificates and time deposits669,119  717,723  741,759  811,780  729,392  Brokered deposits122,879  202,678  214,609  229,262  201,207  TOTAL DEPOSITS$10,965,988  $9,870,484  $9,839,956  $9,765,451  $8,319,328  CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS       (Dollars in Thousands)             For the Three Months Ended  June 30, 2020 June 30, 2019  Average Balance Interest  Income / Expense Average Rate Average Balance Interest  Income / Expense Average Rate Assets:            Interest-bearing time deposits$378,489  $134  0.14% $144,626  $784  2.17% Federal Home Loan Bank stock28,736  281  3.91  24,588  335  5.45  Investment Securities: (1)            Taxable1,282,080  6,147  1.92  1,054,068  6,998  2.66  Tax-Exempt (2)1,317,527  12,682  3.85  910,295  9,435  4.15  Total Investment Securities2,599,607  18,829  2.90  1,964,363  16,433  3.35  Loans held for sale12,630  131  4.15  11,430  127  4.44  Loans: (3)            Commercial6,890,010  69,463  4.03  5,419,169  74,638  5.51  Real Estate Mortgage887,257  10,122  4.56  766,528  8,686  4.53  Installment724,165  7,596  4.20  677,133  9,373  5.54  Tax-Exempt (2)666,548  6,784  4.07  511,055  5,372  4.20  Total Loans9,180,610  94,096  4.10  7,385,315  98,196  5.32  Total Earning Assets12,187,442  113,340  3.72% 9,518,892  115,748  4.86% Net unrealized gain (loss) on securities available for sale56,807      12,841      Allowance for loan losses(106,858)     (81,691)     Cash and cash equivalents303,491      130,987      Premises and equipment113,528      91,563      Other assets1,100,912      827,356      Total Assets$13,655,322      $10,499,948      Liabilities:            Interest-bearing deposits:            Interest-bearing deposits$3,951,819  $4,186  0.42% $2,935,925  $8,541  1.16% Money market deposits1,673,104  1,696  0.41  1,220,020  3,509  1.15  Savings deposits1,521,312  596  0.16  1,164,901  2,525  0.87  Certificates and other time deposits1,498,002  6,229  1.66  1,652,203  8,512  2.06  Total Interest-bearing Deposits8,644,237  12,707  0.59  6,973,049  23,087  1.32  Borrowings909,258  3,527  1.55  613,446  4,274  2.79  Total Interest-bearing Liabilities9,553,495  16,234  0.68  7,586,495  27,361  1.44  Noninterest-bearing deposits2,145,672      1,348,410      Other liabilities160,646      85,789      Total Liabilities11,859,813      9,020,694      Stockholders' Equity1,795,509      1,479,254      Total Liabilities and Stockholders' Equity$13,655,322  16,234    $10,499,948  27,361    Net Interest Income (FTE)  $97,106      $88,387    Net Interest Spread (FTE) (4)    3.04%     3.42%              Net Interest Margin (FTE):            Interest Income (FTE) / Average Earning Assets    3.72%     4.86% Interest Expense / Average Earning Assets    0.53%     1.15% Net Interest Margin (FTE) (5)    3.19%     3.71%              (1)  Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments.  Annualized amounts are computed using a 30/360 day basis. (2)  Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2020 and 2019.  These totals equal $4,088 and $3,109 for the three months ended June 30, 2020 and 2019, respectively.  (3)  Non accruing loans have been included in the average balances. (4)  Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities. (5)  Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets. CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS       (Dollars in Thousands)             For the Six Months Ended  June 30, 2020 June 30, 2019  Average Balance Interest  Income / Expense Average Rate Average Balance Interest  Income / Expense Average Rate Assets:            Federal Funds Sold            Interest-bearing time deposits$269,174  $709  0.53% $145,277  $1,659  2.28% Federal Home Loan Bank stock28,736  580  4.04  24,588  673  5.47  Investment Securities: (1)            Taxable1,325,313  13,778  2.08  978,654  13,093  2.68  Tax-Exempt (2)1,263,122  24,499  3.88  869,914  18,133  4.17  Total Investment Securities2,588,435  38,277  2.96  1,848,568  31,226  3.38  Loans held for sale14,924  324  4.34  10,697  239  4.47  Loans: (3)            Commercial6,562,673  146,415  4.46  5,364,884  147,394  5.49  Real Estate Mortgage878,956  20,524  4.67  755,070  17,008  4.51  Installment741,889  16,701  4.50  671,125  18,664  5.56  Tax-Exempt (2)655,149  13,511  4.12  506,370  10,629  4.20  Total Loans8,853,591  197,475  4.46  7,308,146  193,934  5.31  Total Earning Assets11,739,936  237,041  4.04% 9,326,579  227,492  4.88% Net unrealized gain on securities available for sale52,732      3,963      Allowance for loan losses(94,009)     (81,301)     Cash and cash equivalents231,624      124,143      Premises and equipment113,670      92,395      Other assets1,070,327      825,426      Total Assets$13,114,280      $10,291,205      Liabilities:            Interest-bearing deposits:            Interest-bearing deposits$3,770,530  $12,461  0.66% $2,813,541  $15,560  1.11% Money market deposits1,604,474  5,479  0.68  1,179,765  6,291  1.07  Savings deposits1,473,183  2,424  0.33  1,157,852  4,792  0.83  Certificates and other time deposits1,582,322  14,091  1.78  1,609,130  16,038  1.99  Total Interest-bearing Deposits8,430,509  34,455  0.82  6,760,288  42,681  1.26  Borrowings828,721  7,709  1.86  624,192  8,627  2.76  Total Interest-bearing Liabilities9,259,230  42,164  0.91  7,384,480  51,308  1.39  Noninterest-bearing deposits1,907,582      1,369,832      Other liabilities141,505      82,260      Total Liabilities11,308,317      8,836,572      Stockholders' Equity1,805,963      1,454,633      Total Liabilities and Stockholders' Equity$13,114,280  42,164    $10,291,205  51,308    Net Interest Income (FTE)  $194,877      $176,184    Net Interest Spread (FTE) (4)    3.13%     3.49%              Net Interest Margin (FTE):            Interest Income (FTE) / Average Earning Assets    4.04%     4.88% Interest Expense / Average Earning Assets    0.72%     1.10% Net Interest Margin (FTE) (5)    3.32%     3.78%              (1)  Average balance of securities is computed based on the average of the historical amortized cost balances without the effects of the fair value adjustments. Annualized amounts are computed using a 30/360 day basis. (2)  Tax-exempt securities and loans are presented on a fully taxable equivalent basis, using a marginal tax rate of 21 percent for 2020 and 2019.  These totals equal $7,982 and $6,040 for the six months ended June 30, 2020 and 2019, respectively.  (3)  Non accruing loans have been included in the average balances.            (4)  Net Interest Spread (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average interest-bearing liabilities. (5)  Net Interest Margin (FTE) is interest income expressed as a percentage of average earning assets minus interest expense expressed as a percentage of average earning assets. For more information, contact: Nicole M. Weaver, Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.comSOURCE: First Merchants Corporation 3 https://finance.yahoo.com/news/first-merchants-corporation-announces-second-120000255.html?.tsrc=rss Thu, 23 Jul 2020 12:00:00 +0000 First Merchants Corporation Announces Second Quarter 2020 Earnings Per Share 0 First Merchants (FRME) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. 4 https://finance.yahoo.com/news/first-merchants-frme-expected-beat-163204291.html?.tsrc=rss Thu, 16 Jul 2020 16:32:04 +0000 First Merchants (FRME) Expected to Beat Earnings Estimates: Can the Stock Move Higher? 0 The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […] 5 https://finance.yahoo.com/news/hedge-funds-standing-first-merchants-182459922.html?.tsrc=rss Sun, 05 Jul 2020 18:24:59 +0000 Hedge Funds Standing By First Merchants Corporation (FRME) 0 MUNCIE, Ind., July 02, 2020 -- First Merchants Corporation (Nasdaq:FRME) will report second quarter 2020 financial results on July 23, 2020.  The Corporation will host a second. 6 https://finance.yahoo.com/news/first-merchants-corporation-report-second-181008980.html?.tsrc=rss Thu, 02 Jul 2020 18:10:08 +0000 First Merchants Corporation to Report Second Quarter 2020 Financial Results, Host Conference Call and Webcast 0 Q1 2020 First Merchants Corp Earnings Call 7 https://finance.yahoo.com/news/edited-transcript-frme-earnings-conference-080607392.html?.tsrc=rss Thu, 11 Jun 2020 13:46:35 +0000 Edited Transcript of FRME earnings conference call or presentation 23-Apr-20 6:30pm GMT 0 Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today. 8 https://finance.yahoo.com/news/strong-sell-stocks-may-26th-134601199.html?.tsrc=rss Tue, 26 May 2020 13:46:01 +0000 New Strong Sell Stocks for May 26th 0 Dividend paying stocks like First Merchants Corporation (NASDAQ:FRME) tend to be popular with investors, and for good... 9 https://finance.yahoo.com/news/first-merchants-corporation-nasdaq-frme-114058453.html?.tsrc=rss Mon, 27 Apr 2020 11:40:58 +0000 First Merchants Corporation (NASDAQ:FRME) Vies For A Place In Your Dividend Portfolio: Here's Why 0

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