NASDAQ$FRME

First Merchants Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

First Merchants' Q4 2019 results reflected increased net income and earnings per share compared to Q4 2018.

First Merchants Corporation reported a net income of $47.8 million for the fourth quarter of 2019, an increase from $41.7 million in the same period of 2018. Earnings per share rose to $0.87, compared to $0.85 in Q4 2018, which included one-time charges of $1.9 million related to the acquisition of Monroe Bank & Trust.

  • Net income for Q4 2019 was $47.8 million, up from $41.7 million in Q4 2018.
  • Earnings per share for Q4 2019 totaled $0.87, compared to $0.85 in Q4 2018.
  • Q4 2019 results included $1.9 million in one-time charges related to the Monroe Bank & Trust acquisition.
  • Total assets reached $12.5 billion and loans totaled $8.5 billion by year-end.

Headline financials

Total Revenue

$122M

Previous: $107M+13.8%
EPS (adj)

$0.90

Previous: $0.85+5.9%
Efficiency Ratio

51.1%

Previous: 51.0%+0.2%
Tangible Common Equity Ratio

10.2%

No prior period
Total Risk-Based Capital Ratio

14.3%

No prior period
Loan Loss Allowance / Loans

0.9%

No prior period
Net Charge-Offs to Avg Loans

0.0%

Previous: -0.0%+233.3%
Net Income

$47.8M

Previous: $41.7M+14.7%
Operating Income

$56.1M

No prior period
Cash & Equivalents

$177M

Previous: $139M+27.3%
Total Assets

$12.5B

Previous: $9.88B+26.0%
Stock-Based Comp

$1.23M

Previous: $1.05M+17.4%

Revenue & EPS history

First Merchants · Revenue · Quarterly

$122M

Q4 2019+13.8%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

First Merchants · $105M total across 1 segment · Q3 2021

  • Net Interest Income
    $105M

Forward guidance

No specific forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.3%

Avg return

30 days after

48%

32 / 66 earnings

Positive

+11.2%

Q1 2010

Best reaction

-7.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-0.1%-0.6%
Q4 2025-0.1%+4.4%+8.0%
Q3 2025-0.5%-0.1%+0.7%
Q2 2025-1.7%-0.1%+1.2%
Q1 2025-1.1%-2.7%+1.1%
Q4 2024+3.5%+7.5%+6.2%
Q3 2024-4.3%-0.6%+17.9%
Q2 2024+4.4%+2.0%-3.0%
Q1 2024-2.6%-4.7%-4.9%
Q4 2023-3.0%-2.6%-5.1%
Q3 2023+1.7%+3.6%+17.7%
Q2 2023-0.1%-2.3%-8.2%
Q1 2023-7.4%-3.0%-10.6%
Q4 2022+1.4%+6.1%+2.1%
Q3 2022+0.1%+1.3%-0.8%
Q2 2022+3.7%+9.8%+9.3%
Q1 2022-3.6%-6.7%-3.4%
Q4 2021-3.1%-3.5%-1.0%
Q3 2021-5.1%-4.1%-1.5%
Q2 2021+0.2%+1.6%+3.5%
Q1 2021+3.2%+3.4%+2.7%
Q4 2020-0.8%+3.8%+10.8%
Q3 2020-1.1%+0.9%+31.0%
Q2 2020+2.8%-1.4%-0.0%
Q1 2020+1.4%+9.5%-2.3%
Q4 2019+0.5%+3.6%-11.5%
Q3 2019+1.0%+3.5%+4.8%
Q2 2019-1.0%-0.1%-9.3%
Q1 2019-3.9%-4.6%-10.0%
Q4 2018-1.6%+0.9%+10.9%
Q3 2018+2.2%+3.6%+0.1%
Q2 2018+3.4%+0.3%+2.0%
Q1 2018-0.4%-1.4%+4.9%
Q4 2017+0.6%-1.1%-2.6%
Q3 2017+1.2%-0.9%-5.8%
Q2 2017-2.2%+0.4%-1.1%
Q1 2017-1.7%-1.3%-3.2%
Q4 2016+3.3%+2.3%+11.3%
Q3 2016+4.5%+1.1%+24.2%
Q2 2016+3.2%+2.2%+6.3%
Q1 2016+4.2%
Q4 2015+6.4%
Q3 2015+3.8%
Q2 2015-1.8%
Q1 2015-1.9%
Q4 2014-3.9%
Q3 2014+1.1%
Q2 2014-1.6%
Q1 2014+0.1%
Q4 2013+0.7%
Q3 2013+3.3%
Q2 2013-0.2%
Q1 2013+7.3%
Q4 2011+0.3%
Q4 2012-0.3%
Q3 2012+0.8%
Q2 2012-1.3%
Q1 2011+0.8%
Q1 2012-1.5%
Q4 2009+1.3%
Q3 2010-5.6%
Q3 2011-5.6%
Q2 2010-2.5%
Q4 2010-2.5%
Q2 2011-2.5%
Q1 2010+11.2%

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