First Merchants Corp
FRME
ISIN US3208171096 / Valor 930630
First Merchants Corp
UMushroom community rating:
About company
First Merchants Corp, established with its roots in Muncie, Indiana, has evolved into a significant financial services institution with a multi-state presence in the Midwest. The corporation has systematically expanded its footprint through strategic acquisitions, including Decatur Bank & Trust Company in 2000, which marked its early expansion efforts. In 2003, it established Merchants Trust Company, N.A., consolidating its trust and asset management services across its affiliate banks, thereby becoming one of Indiana's largest trust companies. The company's growth trajectory continued with notable acquisitions such as Independent Alliance Bank and The Arlington Bank in 2017, enhancing its market presence in Fort Wayne, Indiana, and Columbus, Ohio, respectively. Further solidifying its position in Columbus, the acquisition of Cooper State Bank in 2015 was a strategic move to tap into one of the Midwest's fastest-growing cities. First Merchants Corp has focused on providing superior personal and commercial banking services, emphasizing attentive customer service. Its expansion into trust and investment management services was bolstered by the inclusion of Hoosier Trust Company into First Merchants Private Wealth Advisors. The corporation's strategy of acquiring community banks, such as Ameriana Bancorp and rebranding efforts like that of Lafayette Bank and Trust to First Merchants Bank, underscores its commitment to unifying and strengthening its brand across its operational regions.
Summarized from source with an LLMView SourceSector: FinanceKey figures
Performance
Volatility
2398 M
Market cap (USD)
51,977
Daily traded volume (Shares)
41.12 / 40.35
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
