First Merchants Corporation

First Merchants Bank - Click, like, and ignore: One third of young Americans seeking financial advice from unregulated celebrities and online influencers

Retrieved on: 
Tuesday, February 20, 2024

Potential conflicts of interest – Celebrities and influencers often endorse products or services as part of their brand partnerships.

Key Points: 
  • Potential conflicts of interest – Celebrities and influencers often endorse products or services as part of their brand partnerships.
  • Varied financial backgrounds - Celebrities or influencers have unique financial situations that may not apply to the public.
  • Limited accountability - Unlike regulated financial professionals, influencers may not be held accountable for the outcomes of their advice.
  • Financial advice from celebrities or influencers may be geared towards capturing attention rather than providing comprehensive and accurate guidance.

First Merchants Corporation Announces Cash Dividend

Retrieved on: 
Wednesday, February 7, 2024

MUNCIE, Ind., Feb. 07, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on February 6, 2024 of $0.34 per share.

Key Points: 
  • MUNCIE, Ind., Feb. 07, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on February 6, 2024 of $0.34 per share.
  • The dividend is payable on March 15, 2024, to shareholders of record as of March 1, 2024.
  • For purposes of broker trading, the ex-date of the cash dividend is February 29, 2024.

First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share

Retrieved on: 
Thursday, January 25, 2024

First Merchants Corporation (the “Corporation”) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022.

Key Points: 
  • First Merchants Corporation (the “Corporation”) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022.
  • Diluted earnings per common share for the period totaled $0.71 per share compared to the fourth quarter of 2022 result of $1.19 per share.
  • Noninterest income, totaling $26.4 million for the quarter, decreased $1.4 million, or 5.0 percent, compared to the third quarter of 2023 but increased $2.3 million from the fourth quarter of 2022.
  • First Merchants Corporation will conduct a fourth quarter earnings conference call and web cast at 11:30 a.m. (ET) on Thursday, January 25, 2024.

First Merchants Bank Announces Plans to Expand in Detroit, Bringing Financial Services to Fitzgerald

Retrieved on: 
Tuesday, January 23, 2024

“We are excited to open our doors in Fitzgerald and become a part of this vibrant community,” said Artina Packnett, Banking Center Manager for the new Fitzgerald branch.

Key Points: 
  • “We are excited to open our doors in Fitzgerald and become a part of this vibrant community,” said Artina Packnett, Banking Center Manager for the new Fitzgerald branch.
  • Financial Wellness: The branch will offer financial wellness workshops and a people-first, attentive service experience.
  • “We look forward to partnering with First Merchants to provide services like financial education workshops, business development, and solutions for the Fitzgerald community.
  • The bank will continue to listen to community needs, engage and problem-solve solutions, and offer programs that will help residents improve their financial well-being.

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

Retrieved on: 
Thursday, January 18, 2024

MUNCIE, Ind., Jan. 18, 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.

Key Points: 
  • MUNCIE, Ind., Jan. 18, 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 February 15, 2024, to stockholders of record on January 31, 2024.

First Merchants Corporation to Report Fourth Quarter 2023 Financial Results, Host Conference Call and Webcast

Retrieved on: 
Thursday, January 4, 2024

MUNCIE, Ind., Jan. 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2023 financial results on January 25, 2024.

Key Points: 
  • MUNCIE, Ind., Jan. 04, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2023 financial results on January 25, 2024.
  • The Corporation will host a fourth quarter 2023 earnings conference call and webcast at 11:30 a.m. (ET) on Thursday, January 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/BIed9b1a3a96754f9abe7b067d12fe2826 )
    In order to view the webcast and presentation slides, please go to ( https://edge.media-server.com/mmc/p/9hsczd2t ) during the time of the call.
  • A replay of the webcast will be available until January 25, 2025.

First Merchants Corporation Announces Cash Dividend

Retrieved on: 
Monday, November 13, 2023

MUNCIE, Ind., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 9, 2023 of $0.34 per share.

Key Points: 
  • MUNCIE, Ind., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 9, 2023 of $0.34 per share.
  • The dividend is payable on December 15, 2023, to shareholders of record as of December 1, 2023.
  • For purposes of broker trading, the ex-date of the cash dividend is November 30, 2023.

Jennifer J. McConnell Joins First Farmers as Chief Credit Officer

Retrieved on: 
Thursday, December 7, 2023

First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jennifer J. McConnell has joined the bank as Chief Credit Officer.

Key Points: 
  • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that Jennifer J. McConnell has joined the bank as Chief Credit Officer.
  • “We are pleased to announce that Jennifer McConnell has joined our bank as Chief Credit Officer,” stated Brian K. Williams, First Farmers’ Chairman and CEO.
  • Under Andy’s leadership, First Farmers has steadily improved loan quality metrics, reduced loan losses and maintained a strong credit culture.
  • We are pleased that he will be working closely with Jennifer to ensure a smooth transition.”
    “We have known Jennifer for a number of years, and her significant experience in commercial lending and executive leadership positions in credit were key attributes we sought as our next Chief Credit Officer.

First Merchants Corporation Announces Third Quarter 2023 Earnings Per Share

Retrieved on: 
Thursday, October 26, 2023

Diluted earnings per common share for the period totaled $0.94 per share compared to the third quarter of 2022 result of $1.08 per share.

Key Points: 
  • Diluted earnings per common share for the period totaled $0.94 per share compared to the third quarter of 2022 result of $1.08 per share.
  • Noninterest income, totaling $27.8 million for the quarter, increased $1.5 million, or 5.8 percent, compared to the second quarter of 2023 but decreased $1.8 million from the third quarter of 2022.
  • Noninterest expense totaled $93.9 million for the quarter, an increase of $1.3 million from the second quarter of 2023.
  • First Merchants Corporation will conduct a third quarter earnings conference call and web cast at 11:30 a.m. (ET) on Thursday, October 26, 2023.

First Merchants Corporation Announces Cash Dividend On Its Preferred Stock

Retrieved on: 
Friday, October 20, 2023

MUNCIE, Ind., Oct. 20, 2023 (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.

Key Points: 
  • MUNCIE, Ind., Oct. 20, 2023 (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 November 15, 2023, to stockholders of record on October 31, 2023.