First Merchants Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $25.6M
- Price
- $25.80
- % Change (Daily % change from the live per-ticker quote feed.)
- +1.38%
- Volume
- 199
Quote data as of 6:13 AM ET
About
First Merchants Corporation functions as the parent company for First Merchants Bank, which delivers a comprehensive suite of community banking services. Through its banking operations, the corporation accepts various forms of deposits, including checking, savings, and time accounts. It also provides a diverse range of lending options, such as consumer, commercial, agri-business, and real estate mortgage loans, alongside public finance solutions. Additionally, First Merchants offers specialized financial services including personal and corporate trust management, brokerage services, and private wealth management. Corporate clients can also utilize facilities like letters of credit, repurchase agreements, and other tailored business services. The company maintains a substantial physical presence with 109 banking locations spread across counties in Indiana, Illinois, Ohio, and Michigan. Moreover, it ensures convenient access to its services through modern electronic and mobile banking platforms. First Merchants Corporation traces its origins back to 1893 and is presently headquartered in Muncie, Indiana.
Quick stats
Shares outstanding63.4M
Computed float61.8M
Float sourceUnknown
Cash runway (months)Unknown
Dilution risk—
Has warrants—
Has convertibles—
Active shelf (Shelf registration (e.g. Form S-3) currently in effect — the company is pre-cleared to issue and sell new shares quickly. A standing dilution risk.)—
Active ATM (At-the-market offering — a program to sell newly issued shares directly into the open market at prevailing prices, diluting existing holders over time.)—
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000712534
AI Summary
AI-generated14d agostandardbullishpartnershipFirst Merchants Bank and NCRC Announce New $2 Billion Community Benefits Agreement to Expand Impact Across the Midwest
First Merchants Corporation announced a new five-year, $2.02 billion Community Benefits Agreement with the National Community Reinvestment Coalition (NCRC) to support low-to-moderate-income communities across the Midwest.
The agreement allocates $650 million for mortgage lending, $464 million for small business loans, $700 million for community development lending, $200 million for investments, and $6 million for philanthropy through 2030.
This commitment builds on the bank's prior agreements and its recent acquisition of First Savings Financial Group, reinforcing its presence in Indiana, Michigan, and Ohio.