FRMEP — First Merchants Corporation Depository Shares
NASDAQ · Financial Services · Banks - Regional
$24.99
+$0.10 (+0.40%)
First Merchants Corporation Depository Shares (FRMEP) is a banks - regional company listed on NASDAQ. It is led by Michael C. Rechin, based in 200 East Jackson Street, Muncie, IN, United States, 47305-2814, with about 2,086 employees. First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Net income was $56.8M. FRMEP currently screens at market cap $2.42B and trailing P/E 6.6.
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About First Merchants Corporation Depository Shares
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
FRMEP Key Statistics
Market Cap
$2.42B
Previous Close
$25.25
Day Range
$25.25 – $25.25
P/E Ratio
6.60
EPS
$3.41
Revenue
$0.00
Net Income
$201.40M
Gross Profit
$0.00
Free Cash Flow
$0.00
Dividend Yield
5.73%
Employees
2,086
FRMEP Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $201.40M | $223.79M | $222.09M | $205.53M |
| EPS (Diluted) | $3.41 | $3.73 | $3.81 | $3.81 |
Total Assets
$18.31B
Total Debt
$0.00
Shareholders' Equity
$0.00
Cash & Equivalents
$0.00
Operating Cash Flow
$266.21M
Free Cash Flow
$0.00
First Merchants Corporation Depository Shares Company Information
- Advisor & Vice Chair
- Michael C. Rechin
- Headquarters
- 200 East Jackson Street, Muncie, IN, United States, 47305-2814
- Website
- www.firstmerchants.com
- Phone
- 765 747 1500
- IPO / Founded
- 2022-04-01
- Sector
- Financial Services
- Industry
- Banks - Regional