First Merchants Bank
Banking · Indiana, United States · 1K - 5K Employees
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Overview
Headquarters
200 E Jackson St, Muncie, Indiana, 47305...Phone Number
(765) 747-1500Website
www.firstmerchants.comRevenue
$637.8 MillionStock Symbol
FRMEIndustry
ZI Rank: 10
Signal Type
Feb
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ZI Rank
6
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10
About First Merchants Bank
Founded in 1893 and headquartered in Muncie, Indiana, First Merchants Bank is a financial institution that provides financial services and solutions.Explore more
First Merchants Bank Org Chart
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Company Profile Activity
Activity Insights
First Merchants Bank is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
First Merchants Bank is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about First Merchants Bank.
First Merchants Bank financials insights
Gather financial insights about First Merchants Bank, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2002
Stock Offering
$46.3M
First Merchants Bank Tech Stack
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Most Recent Scoops
Pain Point
First Merchants Bank is facing asset quality challenges related to a $28.1 million participation in a syndicated credit to an authorized wireless retailer, which was placed on non-accrual status following new company-specific information received subsequent to Q2, with negotiations with the borrower still active and resolution expected to have greater visibility by the end of Q4.
Asset Management, Finance, Financial Operations, Risk
Pain Point
First Merchants Bank has reported an increase in non-accrual loans to $118.2 million and non-performing assets plus 90-days-past-due to $129.5 million, or 0.83% of loans, with classified loans rising to $393.3 million from $357.1 million in the prior quarter, driven primarily by a limited number of borrower relationships rather than broad-based portfolio deterioration.
Accounting, Financial Reporting, Finance, Risk
Pain Point
First Merchants Bank has reported that non-performing asset migration increased during Q2 2026, with new non-accruals totaling $53.6 million, partially offset by $17.7 million of upgrades and payoffs and $6.2 million of charge-offs and other resolution activity.
Finance, Financial Operations
Pain Point
First Merchants Bank is facing a credit loss on a $13.7 million sponsor-financed loan to a commercial and residential roofing contractor, which was placed on non-accrual in July after the sponsor indicated it no longer intended to support the company.
Finance, Financing & Debt, Risk
Earnings
Earnings, Finance
First Merchants Bank News & Media
First Merchants Q2 Earnings Call Highlights
First Merchants (NASDAQ:FRME) reported second-quarter 2026 net income of $43.5 million, or $0.70 per diluted share, as stronger revenue and margin expansion were offset by credit costs tied to two commercial loans moved to non-accrual status. Chief Executive Officer Mark Hardwick said the company wFirst Merchants Corporation Announces Second Quarter 2026 Results
MUNCIE, Ind., July 22, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) (the "Corporation" or "First Merchants")Why Did Piper Sandler Raise First Merchants (FRME) Stock Price Target?
First Merchants Corporation (NASDAQ:FRME) is one of the top bank stocks to buy now according to analysts. The Street has a Buy rating on First Merchants stock and projects a more than 16% upside to the current share price. On June 26, Piper Sandler raised its price target on First Merchants Corp (NASDAQ:FRME) shares to […]First Merchants Corporation Announces Cash Dividend on its Preferred Stock
MUNCIE, Ind., July 13, 2026 (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 August 14, 2026, to stockholders of record on July
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Frequently Asked Questions Regarding First Merchants Bank
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Founded in 1893 and headquartered in Muncie, Indiana, First Merchants Bank is a financial institution that provides financial services and solutions.... Read More
