First Merchants Corporation

First Merchants Corporationverified

FRMEP

Price:

$25.51

Market Cap:

$2.27B

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquarte...[Read more]

Industry

Banks - Regional

IPO Date

2020-08-18

Stock Exchange

NASDAQ

Ticker

FRMEP

The Dividend Yield as of September 2024 (TTM) for First Merchants Corporation (FRMEP) is 3.56%

According to First Merchants Corporation’s latest financial reports and current stock price. The company's current Dividend Yield is 3.56%. This represents a change of 230.81% compared to the average of 1.08% of the last 4 quarters.

First Merchants Corporation (FRMEP) Historical Dividend Yield (quarterly & annually)

How has FRMEP Dividend Yield performed in the past?

The mean historical Dividend Yield of First Merchants Corporation over the last ten years is 2.33%. The current 3.56% Dividend Yield has changed 53.03% with respect to the historical average. Over the past ten years (40 quarters), FRMEP's Dividend Yield was at its highest in in the September 2023 quarter at 1.26%. The Dividend Yield was at its lowest in in the March 2015 quarter at 0.34%.

Quarterly (TTM)
Annual

Average

2.33%

Median

2.43%

Minimum

1.30%

Maximum

3.73%

First Merchants Corporation (FRMEP) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of First Merchants Corporation Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 47.10%

Maximum Annual Dividend Yield = 3.73%

Minimum Annual Increase = -11.14%

Minimum Annual Dividend Yield = 1.30%

Quarterly (TTM)
Annual
YearDividend YieldChange
20233.73%19.17%
20223.13%15.04%
20212.72%-2.80%
20202.80%16.59%
20192.40%-2.81%
20182.47%47.10%
20171.68%15.85%
20161.45%-11.14%
20151.63%25.63%
20141.30%9.45%

First Merchants Corporation (FRMEP) Average Dividend Yield

How has FRMEP Dividend Yield performed in the past?

The current Dividend Yield of First Merchants Corporation (FRMEP) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.19%

5-year avg

2.95%

10-year avg

2.33%

First Merchants Corporation (FRMEP) Dividend Yield vs. Peers

How is FRMEP’s Dividend Yield compared to its peers?

First Merchants Corporation’s Dividend Yield is less than Heartland Financial USA, Inc. (2.03%), less than OceanFirst Financial Corp. (4.23%), less than Old National Bancorp (2.88%), less than Old National Bancorp (2.88%), less than United Community Banks, Inc. (3.31%),

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