NASDAQ$FRME

First Merchants Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

First Merchants reported a net income increase in Q4 2021 compared to the same period in 2020.

First Merchants Corporation reported a net income of $47.7 million for Q4 2021, an increase from $45.1 million in Q4 2020. Earnings per share also increased to $0.89 from $0.83 in the same period last year. The corporation's total assets reached $15.5 billion by year-end.

  • Net income for Q4 2021 was $47.7 million, compared to $45.1 million in Q4 2020.
  • Earnings per share for Q4 2021 totaled $0.89, up from $0.83 in Q4 2020.
  • Total assets reached $15.5 billion by the end of 2021.
  • Net charge-offs for the quarter totaled $4.6 million with no provision expense recorded.

Headline financials

Total Revenue

$127M

Previous: $130M-2.1%
EPS (adj)

$0.89

Previous: $0.83+7.2%
Net Interest Margin

3.0%

No prior period
Efficiency Ratio

53.5%

No prior period
Tangible Common Equity Ratio

9.0%

Previous: 9.7%-6.6%
Total Risk-Based Capital Ratio

13.9%

Previous: 14.4%-3.1%
Net Income

$47.7M

Previous: $45.1M+5.8%
Operating Income

$54.7M

No prior period
Cash & Equivalents

$167M

Previous: $193M-13.3%
Total Assets

$15.5B

Previous: $14.1B+9.9%
Stock-Based Comp

$1.15M

Previous: $1.03M+11.1%

Revenue & EPS history

First Merchants · Revenue · Quarterly

$127M

Q4 2021-2.1%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

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

  • Net Interest Income
    $105M

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 2021

Historical avgQ4 2021

+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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