First Merchants missed earnings by 28% after setting aside $33 million for credit losses tied to two commercial credits, though underlying margins and loan growth remained sturdy heading into the results.
First Merchants :
FRME
FRME
Stock Data
$41.02
$2.73 (6.24%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
First Merchants Corporation, founded in 1893 and based in Muncie, Indiana, is a community bank offering a wide range of financial services. These include various deposit accounts, loans for consumers, businesses, and agriculture, as well as public finance and real estate mortgages. Beyond traditional banking, it provides trust services, wealth management, and other corporate solutions. With a strong presence in Indiana, Illinois, Ohio, and Michigan, First Merchants also embraces digital and mobile banking to meet its customers' needs.
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