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Profile - First Merchants Corp. (NasdaqNM:FRME)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 29Stock Split 21 for 20
Aug 31Price hit new 52-week high ($24.80)
Upcoming Events
Sep 24Dividend payment of $0.219
Location
200 East Jackson Street
Muncie, IN 47305
Phone: (765) 747-1500
Fax: (765) 282-6304
Email: dharris@firstmerchants.com
Employees (last reported count): 619
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Websites
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 ·Employment
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Ownership
·Insider and 5%+ Owners: 11%
·Over the last 6 months:
 · one insider buy; 2,000  shares (0.1% of insider shares)
 · one insider sell; 2,000  shares
  (0.1% of insider shares)
·Institutional: 15% (17% of float)
(64 institutions)
·Net Inst. Buying: 37.0K shares (+1.93%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
First Merchants Corporation is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiaries: First Merchants Bank, N.A., Madison Community Bank, First United Bank, The Randolph County Bank, Union County National Bank, and First National Bank, Decatur Bank and Trust Company. First Merchants, Union National and First National operate under national bank charters and provide full banking services, including trust services. Madison, First United, Randolph County and Decatur operate under state bank charters and provide full banking services, including trust services. The Banks generate commercial, mortgage, and consumer loans and receive deposits from customers located primarily in central and east central Indiana and Butler County, Ohio.
More from Market Guide: Expanded Business Description

Financial Summary
FRME, a bank holding co., through its subsidiaries, offers financial services such as time and transaction deposits, loans, credit cards, L/C, REPO, and trust services. For the six months ended 6/01, total interest income rose 9% to $59.4 million. Net interest income after LLP rose 10% to $28.6 million. Net income rose 9% to $10.7 million. Net interest income reflects an increase in interest-earning assets. Earnings reflect the absence of a loss on sale of securities.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Compensation
PayExer

Stefan Anderson, 65
Chairman
$107K$209K
Michael Cox, 55
Pres, CEO, Director
253K--  
Roger Arwood, 48
Exec. VP
--  --  
James Thrash, 50
Sr. VP and CFO
120K--  
Ted Montgomery, 60
Sr. VP and Director
145K--  
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:FRMEAs of 31-Aug-2001
Price and Volume
52-Week Low
on 9-Jan-2001
$19.941
Recent Price$24.31 
52-Week High
on 31-Aug-2001
$24.80 
Beta0.13 
Daily Volume (3-month avg)13.0K
Daily Volume (10-day avg)10.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+16.0%
52-Week Change
relative to S&P500
+55.7%
Share-Related Items
Market Capitalization$309.3M
Shares Outstanding12.7M
Float11.3M
Dividends & Splits
Annual Dividend (indicated)$0.88 
Dividend Yield3.60%
Last Split: 21 for 20 on 29-Aug-2001
Per-Share Data
Book Value (mrq)$13.26 
Earnings (ttm)$1.70 
Earnings (mrq)$0.46 
Sales (ttm)$9.88 
Cash (mrq)$5.17 
Valuation Ratios
Price/Book (mrq)1.83 
Price/Earnings (ttm)14.33 
Price/Sales (ttm)2.46 
Income Statements
Sales (ttm)$121.2M
EBITDAN/A 
Income available to common (ttm)$20.8M
Profitability
Profit Margin (ttm)17.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.29%
Return on Equity (ttm)13.43%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$62.0M
Short Interest
As of 8-Aug-2001
Shares Short8,000 
Percent of Float0.1%
Shares Short
(Prior Month)
5,000 
Short Ratio0.47 
Daily Volume17.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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