First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 124 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
IPO Year:
Exchange: NASDAQ
Website: firstmerchants.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/31/2025 | $50.00 | Market Perform → Outperform | Hovde Group |
| 8/12/2024 | $35.00 → $38.00 | Market Perform | Hovde Group |
| 8/7/2024 | $45.00 → $38.00 | Overweight → Equal-Weight | Stephens |
| 2/21/2023 | $50.00 | Strong Buy → Outperform | Raymond James |
| 7/7/2022 | Outperform → Strong Buy | Raymond James | |
| 12/13/2021 | $47.00 | Market Perform → Outperform | Hovde Group |
| 7/29/2021 | $48.00 | Neutral → Buy | Janney |
| 7/28/2021 | $55.00 → $47.00 | Outperform | Raymond James |