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

Recent News Head Lines

MUNCIE, Ind., May 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 11, 2021 of $0.29 per share. The dividend is payable on June 18, 2021, to shareholders of record as of June 4, 2021. For purposes of broker trading, the ex-date of the cash dividend is June 3, 2021. 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 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. For more information, contact:Nicole M. Weaver, Vice President and Director of Corporate Administration 765-521-7619http://www.firstmerchants.com SOURCE: First Merchants Corporation 0 https://finance.yahoo.com/news/first-merchants-corporation-announces-cash-183000324.html?.tsrc=rss Tue, 11 May 2021 18:30:00 +0000 First Merchants Corporation Announces Cash Dividend 0 If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see... 1 https://finance.yahoo.com/news/shareholders-first-merchants-nasdaq-frme-070156511.html?.tsrc=rss Tue, 27 Apr 2021 07:01:56 +0000 Shareholders Of First Merchants (NASDAQ:FRME) Must Be Happy With Their 107% Total Return 0 Such forward-looking statements can often be identified by the use of words like believes, expect or may and include statements relating to First Merchants business plan, growth strategies, loan and investment portfolio; asset quality, risk and future costs. First Merchants undertakes no obligation to update any forward-looking statement whether written or oral, relating to the matters discussed in this presentation or press release. 2 https://finance.yahoo.com/m/3de9feb1-bfb8-3450-8f8b-a32a72e51a14/first-merchants-corp-%28frme%29.html?.tsrc=rss Fri, 23 Apr 2021 02:00:59 +0000 First Merchants Corp (FRME) Q1 2021 Earnings Call Transcript 0 First Merchants (FRME) delivered earnings and revenue surprises of 16.67% and -1.85%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock? 3 https://finance.yahoo.com/news/first-merchants-frme-tops-q1-131501937.html?.tsrc=rss Thu, 22 Apr 2021 13:15:01 +0000 First Merchants (FRME) Tops Q1 Earnings Estimates 0 MUNCIE, Ind., April 22, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported first quarter 2021 net income of $49.5 million compared to $34.3 million during the same period in 2020. Earnings per share for the period totaled $.91 per share compared to the first quarter of 2020 result of $.62 per share, an increase of $.29, or 47 percent. Total assets equaled $14.6 billion as of quarter-end and loans totaled $9.3 billion. The Corporation’s loan portfolio increased by $711 million, or 8.3 percent, during the past twelve months. The increase was primarily due to Paycheck Protection Program (“PPP”) loans which accounted for $742 million of the quarter-end loan balance. Investments increased $1 billion, or 37.2 percent, during the year and now total $3.7 billion. Total deposits equaled $12.0 billion as of quarter-end and increased by $2.1 billion, or 21.1 percent over the same period in 2020. On January 1, 2021, the Corporation adopted the current expected credit losses (“CECL”) model for calculating the allowance for credit losses. The impact of the adoption was an increase to Allowance for Credit Losses – Loans of $74.1 million and the establishment of an Allowance for Credit Losses - Investments of $245,000. Net charge-offs totaled $3.6 million for the quarter and no provision expense was recorded. As a result, the quarter end Allowance for Credit Losses – Loans balance was $201.1 million, or 2.16% of total loans. Non-accrual loans totaled $57.9 million as of quarter-end. Mark Hardwick, Chief Executive Officer, stated, “We have returned to the office and have reopened our lobbies to serve our customers in a more personal way. The vaccination progress and improved case numbers in our markets are cause for optimism. Our first quarter results were strong and I’m especially pleased to have produced a return on assets of 1.39 percent, return on tangible common equity of 15.87 percent and efficiency ratio of 50.23 percent. The current balance sheet and financial performance positions First Merchants to capitalize on future growth opportunities.” Net-interest income totaling $100.4 million for the quarter, continued to grow with an increase of $6.6 million, or 7.0 percent compared to the first quarter of 2020. Net-interest margin on a tax equivalent basis, totaling 3.23 percent, declined by 23 basis points compared to the first quarter of 2020. Yield on earning assets for the first quarter totaled 3.52 percent and cost of supporting liabilities totaled 0.29 percent. Fair value accretion contributed less to margin as it accounted for 6 basis points in the first quarter of 2021, compared to 12 basis points in the first quarter of 2020. PPP loans contributed 13 basis points to margin during the first quarter of 2021 as unamortized SBA fees were recognized upon loan forgiveness. Non-interest income totaled $24.1 million for the quarter, a $5.7 million decline from the first quarter of 2020. Customer-specific line items accounted for $2.8 million of the decrease driven by lower derivative hedge fees and the impact of the Durbin Amendment adoption on card payment fees. Additionally, gains on the sale of securities decreased by $2.8 million during the quarter. Non-interest expense totaled $66.1 million for the quarter and was stable compared to the 2020 first quarter expense total of $66.2 million. The effective tax rate was 15.3 percent in the first quarter of 2021, compared to 9.2 percent in the first quarter of 2020. The CARES Act provided an opportunity to carry back net operating losses to pre-tax reform income tax rates in the first quarter of 2020. The result was a decline in income tax expense of $1.2 million and a lower-than-normal effective tax rate. The loan-to-deposit ratio totals 78.0 percent and loan-to-asset ratio totals 63.7 percent. Additionally, the Corporation’s total risk-based capital ratio equaled 14.33 percent, the common equity tier 1 capital ratio equaled 11.99 percent, and the tangible common equity ratio totaled 8.78 percent. These ratios reflect the Corporation’s strong liquidity and capital positions. CONFERENCE CALL First Merchants Corporation will conduct a first quarter earnings conference call and web cast at 2:30 p.m. (ET) on Thursday, April 22, 2021. To participate, dial (Toll Free) 877-507-0578 and reference First Merchants Corporation's first quarter earnings release. International callers please call +1 412-317-1073. A replay of the call will be available until May 22, 2021. 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 10153171. In order to view the web cast and presentation slides, please go to http://services.choruscall.com/links/frme210422.html during the time of the call. A replay of the web cast will be available until April 22, 2022. Detailed financial results are reported on the attached pages. 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 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 Statements This 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)March 31, 2021 2020ASSETS Cash and cash equivalents$187,901 $127,731 Interest-bearing deposits392,806 132,944 Investment securities, net of allowance for credit losses of $245,000 and $03,700,857 2,697,954 Loans held for sale4,430 5,039 Loans9,318,228 8,606,849 Less: Allowance for credit losses - loans(201,082) (99,454)Net loans9,117,146 8,507,395 Premises and equipment109,432 114,045 Federal Home Loan Bank stock28,736 28,736 Interest receivable54,662 47,489 Goodwill and other intangibles571,536 577,366 Cash surrender value of life insurance293,766 289,574 Other real estate owned604 7,972 Tax asset, deferred and receivable40,163 9,497 Other assets127,027 147,776 TOTAL ASSETS$14,629,066 $12,693,518 LIABILITIES Deposits: Noninterest-bearing$2,494,891 $1,688,205 Interest-bearing9,456,889 8,182,279 Total Deposits11,951,780 9,870,484 Borrowings: Federal funds purchased— 47,000 Securities sold under repurchase agreements185,721 183,317 Federal Home Loan Bank advances359,337 480,995 Subordinated debentures and other borrowings118,439 128,741 Total Borrowings663,497 840,053 Interest payable4,020 7,746 Other liabilities203,913 197,275 Total Liabilities12,823,210 10,915,558 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 - 53,953,723 and 53,754,137 shares6,744 6,719 Additional paid-in capital1,007,300 1,000,942 Retained earnings755,877 716,518 Accumulated other comprehensive income35,810 53,656 Total Stockholders' Equity1,805,856 1,777,960 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$14,629,066 $12,693,518 CONSOLIDATED STATEMENTS OF INCOMEThree Months Ended(Dollars In Thousands, Except Per Share Amounts)March 31, 2021 2020INTEREST INCOME Loans receivable: Taxable$85,105 $96,652 Tax-exempt5,339 5,315 Investment securities: Taxable6,695 7,631 Tax-exempt12,385 9,335 Deposits with financial institutions114 575 Federal Home Loan Bank stock178 299 Total Interest Income109,816 119,807 INTEREST EXPENSE Deposits6,200 21,748 Federal funds purchased2 111 Securities sold under repurchase agreements87 352 Federal Home Loan Bank advances1,442 1,774 Subordinated debentures and other borrowings1,657 1,945 Total Interest Expense9,388 25,930 NET INTEREST INCOME100,428 93,877 Provision for credit losses - loans— 19,752 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES100,428 74,125 OTHER INCOME Service charges on deposit accounts5,264 5,970 Fiduciary and wealth management fees6,422 5,985 Card payment fees4,367 5,907 Net gains and fees on sales of loans3,986 3,363 Derivative hedge fees317 1,939 Other customer fees368 398 Earnings on cash surrender value of life insurance1,336 1,360 Net realized gains on sales of available for sale securities1,799 4,612 Other income232 265 Total Other Income24,091 29,799 OTHER EXPENSES Salaries and employee benefits38,811 39,243 Net occupancy6,491 5,801 Equipment5,030 4,344 Marketing1,124 1,443 Outside data processing fees4,244 4,199 Printing and office supplies283 387 Intangible asset amortization1,357 1,514 FDIC assessments1,368 1,523 Other real estate owned and foreclosure expenses734 505 Professional and other outside services2,543 2,258 Other expenses4,113 4,954 Total Other Expenses66,098 66,171 INCOME BEFORE INCOME TAX58,421 37,753 Income tax expense8,952 3,490 NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$49,469 $34,263 Per Share Data: Basic Net Income Available to Common Stockholders$0.92 $0.63 Diluted Net Income Available to Common Stockholders$0.91 $0.62 Cash Dividends Paid$0.26 $0.26 Average Diluted Shares Outstanding (in thousands)54,134 54,918 FINANCIAL HIGHLIGHTS (Dollars in thousands)Three Months Ended March 31, 2021 2020NET CHARGE-OFFS$3,621 $582 AVERAGE BALANCES: Total Assets$14,244,739 $12,573,238 Total Loans9,236,421 8,526,571 Total Earning Assets13,023,318 11,292,430 Total Deposits11,567,918 9,886,273 Total Stockholders' Equity1,840,432 1,816,418 FINANCIAL RATIOS: Return on Average Assets1.39% 1.09%Return on Average Stockholders' Equity10.75 7.55 Return on Average Common Stockholders' Equity10.75 7.55 Average Earning Assets to Average Assets91.43 89.81 Allowance for Credit Losses - Loans as % of Total Loans2.16 1.15 Net Charge-offs as % of Average Loans (Annualized)0.16 0.03 Average Stockholders' Equity to Average Assets12.92 14.45 Tax Equivalent Yield on Average Earning Assets3.52 4.38 Interest Expense/Average Earning Assets0.29 0.92 Net Interest Margin (FTE) on Average Earning Assets3.23 3.46 Efficiency Ratio50.23 52.17 Tangible Common Book Value Per Share$22.98 $22.46 NON-PERFORMING ASSETS (Dollars In Thousands)March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020Non-Accrual Loans$57,923 $61,471 $56,739 $50,102 $15,649 Renegotiated Loans655 3,240 2,677 1,086 665 Non-Performing Loans (NPL)58,578 64,711 59,416 51,188 16,314 Other Real Estate Owned and Repossessions604 940 6,984 7,409 8,017 Non-Performing Assets (NPA)59,182 65,651 66,400 58,597 24,331 90+ Days Delinquent1,093 746 1,330 4,981 312 NPAs & 90 Day Delinquent$60,275 $66,397 $67,730 $63,578 $24,643 Allowance for Credit Losses - Loans$201,082 $130,648 $126,726 $121,119 $99,454 Quarterly Net Charge-offs3,621 560 6,937 230 582 NPAs / Actual Assets %0.40% 0.47% 0.48% 0.42% 0.19%NPAs & 90 Day / Actual Assets %0.41% 0.47% 0.49% 0.46% 0.19%NPAs / Actual Loans and OREO %0.63% 0.71% 0.72% 0.63% 0.28%Allowance for Credit Losses - Loans / Actual Loans (%)2.16% 1.41% 1.37% 1.30% 1.15%Net Charge-offs as % of Average Loans (Annualized)0.16% 0.02% 0.30% 0.01% 0.03% CONSOLIDATED BALANCE SHEETS (Dollars In Thousands)March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020ASSETS Cash and cash equivalents$187,901 $192,896 $164,632 $229,759 $127,731 Interest-bearing deposits392,806 392,305 273,936 380,021 132,944 Investment securities, net of allowance for credit losses3,700,857 3,146,787 2,933,286 2,789,379 2,697,954 Loans held for sale4,430 3,966 3,183 901 5,039 Loans9,318,228 9,243,174 9,243,833 9,298,541 8,606,849 Less: Allowance for credit losses - loans(201,082) (130,648) (126,726) (121,119) (99,454)Net loans9,117,146 9,112,526 9,117,107 9,177,422 8,507,395 Premises and equipment109,432 111,062 112,959 112,548 114,045 Federal Home Loan Bank stock28,736 28,736 28,736 28,736 28,736 Interest receivable54,662 53,948 52,992 57,063 47,489 Goodwill and other intangibles571,536 572,893 574,369 575,855 577,366 Cash surrender value of life insurance293,766 292,745 291,543 290,715 289,574 Other real estate owned604 940 6,942 7,367 7,972 Tax asset, deferred and receivable40,163 12,340 21,762 13,126 9,497 Other assets127,027 146,066 155,903 156,486 147,776 TOTAL ASSETS$14,629,066 $14,067,210 $13,737,350 $13,819,378 $12,693,518 LIABILITIES Deposits: Noninterest-bearing$2,494,891 $2,298,138 $2,187,607 $2,260,351 $1,688,205 Interest-bearing9,456,889 9,063,472 8,718,546 8,705,637 8,182,279 Total Deposits11,951,780 11,361,610 10,906,153 10,965,988 9,870,484 Borrowings: Federal funds purchased— — 80,000 — 47,000 Securities sold under repurchase agreements185,721 177,102 187,732 181,150 183,317 Federal Home Loan Bank advances359,337 389,430 399,522 400,817 480,995 Subordinated debentures and other borrowings118,439 118,380 118,320 285,197 128,741 Total Borrowings663,497 684,912 785,574 867,164 840,053 Interest payable4,020 3,287 5,038 5,587 7,746 Other liabilities203,913 141,756 206,929 171,544 197,275 Total Liabilities12,823,210 12,191,565 11,903,694 12,010,283 10,915,558 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 outstanding6,744 6,740 6,736 6,724 6,719 Additional paid-in capital1,007,300 1,005,366 1,003,777 1,002,962 1,000,942 Retained earnings755,877 788,578 757,550 735,439 716,518 Accumulated other comprehensive income35,810 74,836 65,468 63,845 53,656 Total Stockholders' Equity1,805,856 1,875,645 1,833,656 1,809,095 1,777,960 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$14,629,066 $14,067,210 $13,737,350 $13,819,378 $12,693,518 CONSOLIDATED STATEMENTS OF INCOME (Dollars In Thousands, Except Per Share Amounts)March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020INTEREST INCOME Loans receivable: Taxable$85,105 $90,138 $84,162 $87,312 $96,652 Tax-exempt5,339 5,414 5,395 5,359 5,315 Investment securities: Taxable6,695 5,263 5,399 6,147 7,631 Tax-exempt12,385 12,056 10,931 10,019 9,335 Deposits with financial institutions114 139 90 134 575 Federal Home Loan Bank stock178 214 248 281 299 Total Interest Income109,816 113,224 106,225 109,252 119,807 INTEREST EXPENSE Deposits6,200 7,509 9,776 12,707 21,748 Federal funds purchased2 2 5 2 111 Securities sold under repurchase agreements87 77 83 92 352 Federal Home Loan Bank advances1,442 1,656 1,749 1,794 1,774 Subordinated debentures and other borrowings1,657 1,669 1,691 1,639 1,945 Total Interest Expense9,388 10,913 13,304 16,234 25,930 NET INTEREST INCOME100,428 102,311 92,921 93,018 93,877 Provision for credit losses - loans— 4,482 12,544 21,895 19,752 NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES100,428 97,829 80,377 71,123 74,125 OTHER INCOME Service charges on deposit accounts5,264 5,508 5,209 4,312 5,970 Fiduciary and wealth management fees6,422 6,251 5,910 5,601 5,985 Card payment fees4,367 3,502 3,996 6,097 5,907 Net gains and fees on sales of loans3,986 5,393 5,841 3,674 3,363 Derivative hedge fees317 2,281 1,715 1,042 1,939 Other customer fees368 394 372 333 398 Earnings on cash surrender value of life insurance1,336 1,283 1,171 1,326 1,360 Net realized gains on sales of available for sale securities1,799 2,398 1,817 3,068 4,612 Other income232 473 132 1,028 265 Total Other Income24,091 27,483 26,163 26,481 29,799 OTHER EXPENSES Salaries and employee benefits38,811 41,809 39,187 35,698 39,243 Net occupancy6,491 9,653 5,855 5,447 5,801 Equipment5,030 5,555 4,956 4,489 4,344 Marketing1,124 1,763 1,311 2,092 1,443 Outside data processing fees4,244 3,839 3,776 2,618 4,199 Printing and office supplies283 307 331 279 387 Intangible asset amortization1,357 1,476 1,486 1,511 1,514 FDIC assessments1,368 1,560 1,249 1,472 1,523 Other real estate owned and foreclosure expenses734 (1,576) 717 684 505 Professional and other outside services2,543 2,836 2,254 1,553 2,258 Other expenses4,113 5,314 3,587 4,146 4,954 Total Other Expenses66,098 72,536 64,709 59,989 66,171 INCOME BEFORE INCOME TAX58,421 52,776 41,831 37,615 37,753 Income tax expense8,952 7,641 5,621 4,623 3,490 NET INCOME AVAILABLE TO COMMON STOCKHOLDERS$49,469 $45,135 $36,210 $32,992 $34,263 Per Share Data: Basic Net Income Available to Common Stockholders$0.92 $0.83 $0.67 $0.62 $0.63 Diluted Net Income Available to Common Stockholders$0.91 $0.83 $0.67 $0.62 $0.62 Cash Dividends Paid$0.26 $0.26 $0.26 $0.26 $0.26 Average Diluted Shares Outstanding (in thousands)54,134 54,050 53,971 53,943 54,918 FINANCIAL RATIOS: Return on Average Assets1.39% 1.29% 1.06% 0.97% 1.09%Return on Average Stockholders' Equity10.75 9.72 7.91 7.35 7.55 Return on Average Common Stockholders' Equity10.75 9.72 7.91 7.35 7.55 Average Earning Assets to Average Assets91.43 90.66 90.34 89.25 89.81 Allowance for Credit Losses - Loans as % of Total Loans2.16 1.41 1.37 1.30 1.15 Net Charge-offs as % of Average Loans (Annualized)0.16 0.02 0.30 0.01 0.03 Average Stockholders' Equity to Average Assets12.92 13.29 13.41 13.15 14.45 Tax Equivalent Yield on Average Earning Assets3.52 3.72 3.58 3.72 4.38 Interest Expense/Average Earning Assets0.29 0.34 0.43 0.53 0.92 Net Interest Margin (FTE) on Average Earning Assets3.23 3.38 3.15 3.19 3.46 Efficiency Ratio50.23 55.01 51.40 47.95 52.17 Tangible Common Book Value Per Share$22.98 $24.27 $23.48 $23.04 $22.46 LOANS (Dollars In Thousands)March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020Commercial and industrial loans$2,876,212 $2,776,699 $2,875,331 $2,898,329 $2,199,226 Agricultural land, production and other loans to farmers245,631 281,884 301,192 316,815 315,950 Real estate loans: Construction541,224 484,723 622,084 640,560 643,674 Commercial real estate, non-owner occupied2,178,832 2,220,949 2,098,589 2,097,767 2,118,148 Commercial real estate, owner occupied950,038 958,501 931,815 919,254 921,491 Residential1,239,925 1,234,741 1,146,406 1,145,187 1,121,556 Home equity482,229 508,259 527,458 532,314 570,398 Individuals' loans for household and other personal expenditures126,387 129,479 125,411 123,611 129,765 Public finance and other commercial loans677,750 647,939 615,547 624,704 586,641 Loans9,318,228 9,243,174 9,243,833 9,298,541 8,606,849 Allowance for credit losses - loans(201,082) (130,648) (126,726) (121,119) (99,454) NET LOANS$9,117,146 $9,112,526 $9,117,107 $9,177,422 $8,507,395 DEPOSITS (Dollars In Thousands)March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020Demand deposits$7,245,850 $6,821,152 $6,279,554 $6,288,360 $5,293,200 Savings deposits3,857,624 3,661,713 3,518,286 3,278,156 2,962,821 Certificates and other time deposits of $100,000 or more332,745 346,194 467,610 607,474 694,062 Other certificates and time deposits449,655 459,168 542,919 669,119 717,723 Brokered deposits65,906 73,383 97,784 122,879 202,678 TOTAL DEPOSITS$11,951,780 $11,361,610 $10,906,153 $10,965,988 $9,870,484 CONSOLIDATED AVERAGE BALANCE SHEET AND NET INTEREST MARGIN ANALYSIS (Dollars in Thousands) For the Three Months Ended March 31, 2021 March 31, 2020 Average Balance Interest Income /Expense AverageRate Average Balance Interest Income /Expense AverageRateAssets: Interest-bearing deposits$441,254 $114 0.10% $159,859 $575 1.44%Federal Home Loan Bank stock28,736 178 2.48 28,737 299 4.16 Investment Securities: (1) Taxable1,494,008 6,695 1.79 1,368,546 7,631 2.23 Tax-Exempt (2)1,822,899 15,677 3.44 1,208,717 11,816 3.91 Total Investment Securities3,316,907 22,372 2.70 2,577,263 19,447 3.02 Loans held for sale16,139 156 3.87 17,217 193 4.48 Loans: (3) Commercial6,876,818 69,174 4.02 6,235,336 76,952 4.94 Real Estate Mortgage975,262 9,286 3.81 870,654 10,402 4.78 Installment674,307 6,489 3.85 759,614 9,105 4.79 Tax-Exempt (2)693,895 6,758 3.90 643,750 6,728 4.18 Total Loans9,236,421 91,863 3.98 8,526,571 103,380 4.85 Total Earning Assets13,023,318 114,527 3.52% 11,292,430 123,701 4.38%Net unrealized gain (loss) on securities available for sale55,658 48,656 Allowance for credit losses(204,353) (81,160) Cash and cash equivalents165,774 159,757 Premises and equipment110,992 113,812 Other assets1,093,350 1,039,743 Total Assets$14,244,739 $12,573,238 Liabilities: Interest-bearing deposits: Interest-bearing deposits$4,616,988 $3,709 0.32% $3,589,240 $8,276 0.92%Money market deposits2,086,322 835 0.16 1,535,844 3,783 0.99 Savings deposits1,660,528 476 0.11 1,425,054 1,827 0.51 Certificates and other time deposits859,334 1,180 0.55 1,666,642 7,862 1.89 Total Interest-bearing Deposits9,223,172 6,200 0.27 8,216,780 21,748 1.06 Borrowings675,117 3,188 1.89 748,185 4,182 2.24 Total Interest-bearing Liabilities9,898,289 9,388 0.38 8,964,965 25,930 1.16 Noninterest-bearing deposits2,344,746 1,669,493 Other liabilities161,272 122,362 Total Liabilities12,404,307 10,756,820 Stockholders' Equity1,840,432 1,816,418 Total Liabilities and Stockholders' Equity$14,244,739 9,388 $12,573,238 25,930 Net Interest Income (FTE) $105,139 $97,771 Net Interest Spread (FTE) (4) 3.14% 3.22% Net Interest Margin (FTE): Interest Income (FTE) / Average Earning Assets 3.52% 4.38%Interest Expense / Average Earning Assets 0.29% 0.92% Net Interest Margin (FTE) (5) 3.23% 3.46% (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 2021 and 2020. These totals equal $4,711 and $3,894 for the three months ended March 31, 2021 and 2020, 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 Administration765-521-7619http://www.firstmerchants.com 4 https://finance.yahoo.com/news/first-merchants-corporation-announces-first-120000286.html?.tsrc=rss Thu, 22 Apr 2021 12:00:00 +0000 First Merchants Corporation Announces First Quarter 2021 Earnings per Share 0 New York, New York--(Newsfile Corp. - April 2, 2021) - Levi & Korsinsky announces it has commenced an investigation of First Merchants Corporation (NASDAQ: FRME) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/first-merchants-corporation-information-request-form\or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, ... 5 https://finance.yahoo.com/news/shareholder-alert-levi-korsinsky-llp-211400757.html?.tsrc=rss Fri, 02 Apr 2021 21:14:00 +0000 SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of First Merchants Corporation (FRME) 0 MUNCIE, Ind., April 01, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report first quarter 2021 financial results on April 22, 2021. The Corporation will host a first quarter 2021 earnings conference call and webcast at 2:30 p.m. (ET) on Thursday, April 22, 2021. To participate, dial (Toll Free) 877-507-0578 and reference First Merchants Corporation’s first quarter earnings release. International callers please call +1 412-317-1073. To access a replay of the call, US participants should dial (Toll Free) 877-344-7529 or for International participants, dial +1 412-317-0088. The replay access code is 10153171. In order to view the webcast and presentation slides, please go to http://services.choruscall.com/links/frme210422.html during the time of the call. A replay of the webcast will be available until April 22, 2022. 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 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. For more information, contact:Nicole M. Weaver, Vice President and Director of Corporate Administration765-521-7619http://www.firstmerchants.com SOURCE: First Merchants Corporation 6 https://finance.yahoo.com/news/first-merchants-corporation-report-first-140000914.html?.tsrc=rss Thu, 01 Apr 2021 14:00:00 +0000 First Merchants Corporation to Report First Quarter 2021 Financial Results, Host Conference Call and Webcast 0 MUNCIE, Ind., Feb. 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation, a $14.1 billion financial holding company, has elected Susan Brooks and Mark Hardwick to the Board of Directors of First Merchants Corporation and First Merchants Bank. Brooks represented Indiana's 5th Congressional District in the U.S. House of Representatives, and Hardwick is Chief Executive Officer of First Merchants Corporation and First Merchants Bank. Both Ms. Brooks and Mr. Hardwick will be on the ballot for continuing terms at the Corporation’s Annual Shareholder Meeting in May 2021. “First Merchants' Board of Directors is happy to welcome Mr. Hardwick and Ms. Brooks, both of whom are exemplary leaders, to our board,” said Board Chairman Charles E. Schalliol. “I believe First Merchants shareholders and clients will share our enthusiasm in welcoming their leadership, experience and acumen to our Board.” Hardwick joined First Merchants in November 1997 as Corporate Controller and was promoted to Chief Financial Officer in April 2002. In June 2007, Hardwick also assumed all leadership responsibilities related to operations, technology and risk management for the corporation. In 2016, Hardwick’s title expanded to include Chief Operating Officer, overseeing the leadership responsibilities for finance, operations, technology, risk, legal and facilities for the corporation. In 2020, the company named him Chief Executive Officer effective Jan. 1, 2021. “This is an exciting time for First Merchants as we seek to enhance the financial wellness of the diverse communities we serve while maintaining the company’s track record of high performance,” said Hardwick. “I have a passion for our profession and look forward to leveraging my experience and history with First Merchants to provide counsel and leadership on the Board. When our teammates, clients and local leaders work together, the positive impact on communities can be life-changing.” Brooks was elected to Congress in 2012 and recently retired after four terms of exemplary public service. She introduced key legislation to reform the nation’s emergency response program and to develop best practices in the fight against drug overdoses. She chaired the House Ethics Committee in 2017 and 2018 and was known for her bipartisan relationships and her commitment to economic development in her district, which spans eight counties throughout Central Indiana. “First Merchants is a high-performing company that has proven its commitment to clients and communities for more than 125 years,” she said. “I believe accountability and sound execution provide the foundation for success, and First Merchants shares that belief. I look forward to beginning my term and collaborating with some of the Midwest’s top business and community leaders.” Both new directors bring a wealth of experience to the Board. Before her congressional terms, Brooks served six years as U.S. Attorney for the Southern District of Indiana, was General Counsel for Ivy Tech Community College and was Deputy Mayor to Indianapolis Mayor Stephen Goldsmith in 1998-99. Hardwick is a Ball State University Trustee, chairing the board’s audit committee, and a member of Next Muncie. He was inducted into the Ball State University Athletics Hall of Fame in 2012 and received the Indianapolis Business Journal’s “CFO of the Year” award in 2012. 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 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. For more information, contact:Karen Evens, Vice President/Director of Marketing765-747-1477http://www.firstmerchants.com 7 https://finance.yahoo.com/news/first-merchants-corporation-elects-susan-150000700.html?.tsrc=rss Thu, 11 Feb 2021 15:00:00 +0000 First Merchants Corporation Elects Susan Brooks, Mark Hardwick to Its Board of Directors 0 Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of First Merchants CorporationGlobal Credit Research - 05 Feb 2021New York, February 05, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of First Merchants Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 2 February 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. 8 https://finance.yahoo.com/news/first-merchants-corporation-moodys-announces-165506350.html?.tsrc=rss Fri, 05 Feb 2021 16:55:06 +0000 First Merchants Corporation -- Moody's announces completion of a periodic review of ratings of First Merchants Corporation 0 FRME earnings call for the period ending December 31, 2020. 9 https://finance.yahoo.com/m/8d284f25-5315-3a8a-9fe6-08bc9d694d02/first-merchants-corp-%28frme%29.html?.tsrc=rss Fri, 29 Jan 2021 03:00:47 +0000 First Merchants Corp (FRME) Q4 2020 Earnings Call Transcript 0

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