Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Becher Michael ROwnership Type:Direct OwnershipSecurities:Non-Employee Director Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-1,500Price:--
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Becher Michael ROwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:1,500Price:$21.65
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Schalliol Charles EOwnership Type:Direct OwnershipSecurities:Non-Employee Director Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-1,500Price:--
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Schalliol Charles EOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:1,500Price:$21.65
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Wojtowicz Jean LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:828Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Sondhi Jason ROwnership Type:Direct OwnershipSecurities:CommonNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:671Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Schalliol Charles EOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:873Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Rechin Michael COwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:649Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Lehman GaryOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:626Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Kellogg Clark COwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:649Price:$34.90
Filings by filing date
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Becher Michael ROwnership Type:Direct OwnershipSecurities:Non-Employee Director Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-1,500Price:--
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Becher Michael ROwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:1,500Price:$21.65
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Schalliol Charles EOwnership Type:Direct OwnershipSecurities:Non-Employee Director Stock Option (right to buy)Nature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-1,500Price:--
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Apr 09, 2024 (filed on Apr 11, 2024)Insider Name:Schalliol Charles EOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:1,500Price:$21.65
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Mar 29, 2024 (filed on Apr 02, 2024)Insider Name:Stewart Michael JOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:P - Open market or private purchase# or value acquired/disposed of:36Price:$29.67
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Wojtowicz Jean LOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:828Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Sondhi Jason ROwnership Type:Direct OwnershipSecurities:CommonNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:671Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Schalliol Charles EOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:873Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Rechin Michael COwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:649Price:$34.90
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Mar 31, 2024 (filed on Apr 02, 2024)Insider Name:Lehman GaryOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:626Price:$34.90
News
Biz Brief
Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 200 E Jackson St, PO Box 792 MUNCIE IN 47308-0792 |
Tel: | 1-765-5217619 |
Website: | https://ir.firstmerchants.com |
IR: | See website |
Key People | ||
Michael J. Stewart President | Mark K. Hardwick Chief Executive Officer, Director | Michele M. Kawiecki Chief Financial Officer, Executive Vice President |
Steven C. Harris Chief Human Resource Officer, Executive Vice President | John J. Martin Executive Vice President, Chief Credit Officer | Stephan H. Fluhler Senior Vice President, Chief Information Officer | Chad W. Kimball Senior Vice President, Chief Risk Officer |
Business Overview |
First Merchants Corporation is a financial holding company. The Company conducts banking activities through its wholly owned subsidiary, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of financial services, including accepting time, savings, and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; providing personal and corporate trust services; offering full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements and other corporate services. The Company operates through a community banking segment. The Bank includes 116 banking locations in Indiana, Ohio, Michigan, and Illinois. In addition to its branch network, the Company offers comprehensive electronic and mobile delivery channels to its customers. |
Financial Overview |
For the fiscal year ended 31 December 2023, First Merchants Corp interest income increased 48% to $893.9M. Net interest income after loan loss provision increased 8% to $541.9M. Net income applicable to common stockholders increased 1% to $221.9M. Net interest income after loan loss provision reflects Loans receivable-Taxable increase of 59% to $747.8M, Deposits with financial institutions increase from $2.5M to $17.7M. |
Employees: | 2,162 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,306M as of Dec 31, 2023 |
Annual revenue (TTM): | $893.89M as of Dec 31, 2023 |
EBITDA (TTM): | $308.47M as of Dec 31, 2023 |
Net annual income (TTM): | $221.91M as of Dec 31, 2023 |
Free cash flow (TTM): | $176.90M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $203.28M as of Dec 31, 2023 |
Shares outstanding: | 59,283,761 as of Mar 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |