First Merchants Corp. - Indiana

First Merchants Corp. - Indiana

First Merchants Corp. - Indiana

Overview
Date Founded

1982

Headquarters

200 East Jackson Street, Muncie, IN, 47305-2814, USA

Type of Company

Public

Employees (Worldwide)

1,702

Industries

Retail & Commercial Banking
Other Insurance Services
Holding Companies
Consumer Finance
Accounting & Financial Services

Company Description

First Merchants Corp. (Indiana) is a holding company, which engages in the provision of financial services. It operates through the following segments: Commercial, Commercial Real Estate, Consumer, Residential, and Finance Leases. The Commercial lending segment is primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The Commercial Real Estate lending involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. The Consumer and Residential segments establishes a maximum loan-to-value ratio and requires private mortgage insurance if that ratio is exceeded. The company was founded in September 1982 and is headquartered in Muncie, IN.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Chief Operating Officer

Senior Vice President & Chief Risk Officer

Senior Vice President & Chief Information Officer

Executive Vice President & Chief Credit Officer

Executive Vice President & Chief Banking Officer

Senior Vice President & Director of Finance

Senior Vice President & Director of Human Resources

General Counsel

Partner

Board of Directors

Senior Advisor at Faegre Baker Daniels LLP

General Partner at Cambridge Ventures LP

Former Lead Analyst at ViacomCBS, Inc.

President & Chief Operating Officer at Ball Brothers Foundation

Director, President & Chief Executive Officer at First Merchants Corp. - Indiana

Vice Chairman & Treasurer at Indianapolis Symphony Orchestra

Former Vice Chairman at Indiana University Health Ball Memorial Hospital, Inc.

Vice Chairman at North Central Health Services, Inc.

Founding Partner at Compass Pointe CPAs LLP

Chief Executive Officer & Vice President at M&B Properties LLC

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First Merchants Corp. - Indiana
Owners & Shareholders
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EARNEST Partners is an institutional investment firm with a global network that we believe enables us to see and to seize opportunities that other investors overlook or cannot access. The firm manages approximately $20 billion in assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations, endowments and sovereign wealth funds. We also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. In addition to our separate account business, EARNEST Partners is the sole subadvisor for the Hancock Horizon Diversified International Fund, the Touchstone Total Return Bond Fund and the Harbor Small Cap Value Fund. The Firm manages Approximately $20 Billion in assets for clients around the world. Local Touch We are fundamental, bottom-up investors; our investment decisions focus on the merits of individual securities. We believe the best investment decisions are thoughtfully distilled from a pool of expertise, and we are pleased to offer our clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting our investments. As a component of our due diligence process, investment team members regularly perform company visits across the Americas, the Asia Pacific region, Western and Eastern Europe, the Middle East and the Sub-continent. Collectively, EARNEST Partners' stakeholders have lived and worked in dozens of countries, and are fluent in the language, commerce and culture of diverse economies that represent a significant portion of the world's economic value and future growth. We believe that identifying the most attractive investment opportunities takes the proper focus: a global focus.

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Cardinal Capital Management engages in a buy and hold investment strategy that focuses on investments in domestic micro-cap, small-cap and SMID-cap value equities. The firm buys securities and holds them for a relatively long period of time, regardless of short-term factors such as fluctuations in the market or volatility of the stock price. From time to time, however, Cardinal may hold securities for significantly shorter periods of time. The firm searches for investment opportunities within inefficient market niches with emphasis on companies emerging from bankruptcy or corporate restructurings such as spin-offs. They seek to identify companies that are not yet well known or are underfollowed, and to develop opinions on out-of-favor companies businesses. Cardinal also investigates corporate events that often signal undervaluation by tracking large share repurchase activity, significant insider buying and announcements that companies are pursuing strategic alternatives.

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VNIM provides both equity and fixed income management. For equity, their philosophy is to identify temporary information and liquidity inefficiencies in the respective market capitalization universes that provide opportunities to invest in companies at valuations that they believe are materially below their long-term intrinsic value. They primarily employ a fundamental, bottom-up investment process. The firm utilizes a disciplined valuation methodology combined with fundamental research to take advantage of the inefficiencies in the universes. While the investment process is not driven by macro issues, the portfolio managers constantly monitor the macro environment to consider any impact it may have on stock selection and portfolio construction. For fixed income, VNIM believes active, risk controlled management, founded on research-driven analyses, can uncover relative values that, over the long-term, produces returns with less risk. Their fixed income investments are driven by two factors: (1) client guidelines on allowable investments and (2) the client's relative benchmark.

Recent Transactions
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First Merchants Corp. - Indiana purchases MBT Financial Corp.

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First Merchants Corp. - Indiana purchases Independent Alliance Banks, Inc.

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First Merchants Corp. - Indiana, First Merchants Bank (Muncie, Indiana) purchase The Arlington Bank

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onFirst Merchants Corp. - Indiana purchases MBT Financial Corp.

Investment Advisor

Advised onFirst Merchants Corp. - Indiana purchases Independent Alliance Banks, Inc.

Escrow Agent

Advised onFirst Merchants Corp. - Indiana purchases CFS Bancorp, Inc.

Legal Advisor

Advised onFirst Merchants Corp. - Indiana purchases MBT Financial Corp.

Legal Advisor

Advised onFirst Merchants Corp. - Indiana purchases CFS Bancorp, Inc.

Investment Advisor

Advised onFirst Merchants Corp. - Indiana purchases Independent Alliance Banks, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$2.3B
Total Enterprise Value
$2.7B
Earnings Per Share
$3.19
Five Year Compounded Annual Growth Rate Of Revenue
14.99%
Three Year Compounded Annual Growth Rate Of Revenue
20.15%
Debt TEV
0.27x
TEVNet Income
16.42x
Enterprise Value Sales
4.89x
Total Equity
$1.79B
Total Debt
$733M
Net Profit
$164M
Revenue
$552M
Suppliers
Aretec Group, Inc. Holding Companies | Albany, NY

Aretec Group, Inc. engages in the provision of integrated financial services principally focused on retail investors. The company was founded on December 27, 2012 and is headquartered in Albany, NY.

Competitors
Fifth Third Bancorp Retail & Commercial Banking - Cincinnati, OH

Fifth Third Bancorp engages in the provision of banking & financial services, retail & commercial banking, consumer lending services and investment advisory services through its subsidiary Fifth Third Bank. It operates through the following segments: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. The Commercial Banking segment offers credit intermediation, cash management and financial services to large and middle-market businesses. The Branch Banking segment provides deposit, loan and lease products to individuals and small businesses. The Consumer Lending segment includes residential mortgage, home equity, automobile and indirect lending activities. The Wealth & Asset Management segment provides investment alternatives for individuals, companies and not-for-profit organizations. The company was founded in 1975 and is headquartered in Cincinnati, OH.

Pinnacle Financial Partners, Inc. Retail & Commercial Banking - Nashville, TN

Pinnacle Financial Partners is a full-service financial services firm with almost $5 billion in assets. Headquartered in Nashville, Pinnacle was founded in 2000. In 2007, Pinnacle launched a de novo expansion into Knoxville, another high growth Tennessee market. Today Pinnacle is the second-largest bank holding company headquartered in Tennessee, with 29 offices in eight Middle Tennessee counties and three in Knoxville. In 2012 Forbes named Pinnacle one of “America’s Most Trustworthy Companies.” The magazine and GMI Ratings examined more than 8,000 companies traded on U.S. exchanges with market caps of $250 million or more to find the 100 most transparent and trustworthy. Pinnacle also received Greenwich Excellence Awards in 2010 and 2011 for the second consecutive year for overall satisfaction in middle market and small business banking

TCF Financial Corporation Retail & Commercial Banking - Wayzata, MN

TCF Financial Corp. operates as a financial holding company, which provides banking services. It offers consumer & commercial banking, trust & wealth management, leasing and lending products & services to consumers, small businesses and commercial clients. The company was founded in 1923 and is headquartered in Detroit, MI.

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