First Merchants Corp - Company Profile
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First Merchants Corp (FMC) is a financial holding company that operates primarily in the community banking sector. The company's main activities include providing a wide range of commercial and consumer banking services. Its major products and services encompass debt capital, treasury management, depository products, consumer deposit and lending products, mortgage solutions, and personal wealth management services. The company's services cater to both individual and business customers, offering solutions for personal finance, business operations, and wealth management. FMC operates through a network of banking locations and comprehensive electronic and mobile delivery channels. Its geographic presence includes locations in Indiana, Ohio, and Michigan, targeting these regional markets. FMC is headquartered in Muncie, Indiana, the US.
Headquarters
United States of America
Address
200 East Jackson Street, Po Box 792, Muncie, Indiana, 47305-2814
Website
www.firstmerchants.com
Telephone
1 765 7471500
No of Employees
2,086
Industry
Financial Services
Ticker Symbol & Exchange
FRME (NASD)
Revenue (2024)
$1.1B
-2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
12.2%
(2024 vs 2023)
Market Cap*
$2.8B
Net Profit Margin (2024)
XYZ
14.6%
(2024 vs 2023)
* As of and is in US$
First Merchants Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Personal Banking: | Banking: |
| Checking Accounts | Online Banking |
| Debit Cards | Mobile Banking |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In September, the company signed an agreement to merge with First Savings Financial Group, Inc. for US$241.3 million. |
| 2024 | Contracts/Agreements | In August, the company partnered with Old Second Bancorp, Inc. to sell 5 Illinois branch locations in the Southeast Chicago MSA and branch-related loans and deposits from First Merchants. |
| 2023 | Others | The bank was affirmed with a long-term issuer credit rating of Baa2 with stable outlook by Moody’s ratings. |
Competitor Comparison
| Key Parameters | First Merchants Corp | Old National Bancorp | Pinnacle Financial Partners Inc | Independent Bank Corp | First Busey Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Muncie | Evansville | Nashville | Rockland | Leawood |
| State/Province | Indiana | Indiana | Tennessee | Massachusetts | Kansas |
| No. of Employees | 2,086 | 4,948 | 8,389 | 2,294 | 1,832 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mark K. Hardwick | Director; Chief Executive Officer | Executive Board | 2021 | 55 |
| Jean L. Wojtowicz | Chairwoman | Executive Board | 2024 | 68 |
| Michele M. Kawiecki | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | 53 |
| Stephan H. Fluhler | Senior Vice President; Chief Information Officer | Senior Management | 2014 | 57 |
| Chad W. Kimball | Senior Vice President; Chief Risk Officer | Senior Management | 2021 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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