FIRST MERCHANTS CORP (FRMEP)
First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. It also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.
Address
200 E JACKSON ST
MUNCIE, IN 47308-0792
Founded
1982
Number of Employees
2,162
Website
http://www.firstmerchants.com
Buyback
Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
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$ Amount Purchased ($ in 000s) |
$1,060 | $1,636 | $840 | $1,258 | $1,902 | - | $56,888 | $27,056 | $1,633 | $1,290 | $50,014 | $14,358 |
Average Price | $20.98 | $23.65 | $22.27 | $40.00 | $42.92 | - | $33.98 | $39.55 | $41.17 | $31.92 | $33.72 | $34.56 |
# Shares Purchased | 50,508 | 69,165 | 37,721 | 31,441 | 44,316 | - | 1,674,194 | 684,126 | 39,662 | 40,400 | 1,483,237 | 415,477 |
Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Return to Date | 71.6% | 52.2% | 61.7% | -10.0% | -16.1% | - | 5.9% | -9.0% | -12.6% | 12.8% | 6.8% | 4.2% |
S&P 500 Return to Date | 181.9% | 173.0% | 168.6% | 129.7% | 104.9% | - | 74.8% | 31.7% | 37.3% | 31.3% | 7.4% | 94.0% |
Excess Total Return | -110.3% | -120.7% | -106.9% | -139.7% | -121.0% | - | -68.9% | -40.6% | -49.8% | -18.6% | -0.6% | -89.9% |
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Percentile Rank | 53% | 48% | 51% | 33% | 28% | - | 32% | 38% | 34% | 53% | 55% | 45% |
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.
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