NASDAQ$FRME

First Merchants Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a decrease in net income and earnings per share compared to the same period in 2019.

First Merchants Corporation reported a net income of $45.1 million for Q4 2020, a decrease from $47.8 million in Q4 2019. Earnings per share also decreased to $0.83 from $0.87 in the same period. Despite challenges, the company grew loans by 9.2 percent and deposits by 15.5 percent during the year.

  • Net income for Q4 2020 was $45.1 million, down from $47.8 million in Q4 2019.
  • Earnings per share for Q4 2020 were $0.83, compared to $0.87 in Q4 2019.
  • Total assets reached $14.1 billion by year-end, with loans totaling $9.2 billion.
  • The Corporation’s loan portfolio increased by $789 million, or 9.2 percent, during 2020.

Headline financials

Total Revenue

$130M

Previous: $122M+6.5%
EPS (adj)

$0.83

Previous: $0.90-7.8%
Tangible Common Equity Ratio

9.7%

Previous: 10.2%-5.0%
Total Risk-Based Capital Ratio

14.4%

Previous: 14.3%+0.5%
Net Income

$45.1M

Previous: $47.8M-5.6%
Cash & Equivalents

$193M

Previous: $177M+8.9%
Total Assets

$14.1B

Previous: $12.5B+12.9%
Stock-Based Comp

$1.03M

Previous: $1.23M-16.0%

Revenue & EPS history

First Merchants · Revenue · Quarterly

$130M

Q4 2020+6.5%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

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

  • Net Interest Income
    $105M

Forward guidance

Executive management expects 2021 to be a year of increasing momentum as the vaccine helps reopen lobbies and allows repopulation of offices while growing the customer base.

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 2020

Historical avgQ4 2020

+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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