First Merchants Corp. - Indiana

First Merchants Corp. - Indiana

First Merchants Corp. - Indiana

Overview
Date Founded

1982

Headquarters

200 East Jackson Street, P.O. Box 792, Muncie, IN, 47305-2814, USA

Type of Company

Public

Employees (Worldwide)

1,907

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 also offers personal banking, business banking, mortgage lending, treasury management services, and wealth management. The company was founded in September 1982 and is headquartered in Muncie, IN.

Contact Data
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Executives & Employees

Director, Chief Executive & Operating Officer

President & Chief Executive Officer

President

Executive Vice President, Chief Financial & Accounting Officer

Senior Vice President & Chief Risk Officer

Senior Vice President & Chief Information Officer

Executive Vice President & Chief Credit Officer

Senior Vice President & Director of Human Resources

General Counsel

Partner

Board of Directors

Senior Advisor at Faegre Baker Daniels LLP

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

Founder at Cambridge Capital Management Corp.

Vice Chairman & Treasurer at Indianapolis Symphony Orchestra

House Committee on Education and the Workforce: Subcommittee on Health, Employment, Labor and Pensions

Former Lead Analyst at ViacomCBS, Inc.

President & Chief Executive Officer at Oerlikon Drive Systems Suzhou Co., Ltd.

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

Director & Northeast Region Director at Indiana Bankers Association

President & Chief Executive Officer at Ball Brothers Foundation

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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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ICM offers value investment solutions across the US equity market capitalization spectrum. In doing so, the firm utilizes two distinct investment processes – Small-Cap, SMID-Cap & Mid-Cap Value and Large-Cap/All-Cap Value. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced.

Recent Transactions
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First Merchants Corp. - Indiana, First Merchants Bank (Muncie, Indiana) purchase Hoosier Trust Co.

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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.

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.

Attorney

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

Chair, Corporate & Transactional Practice Group

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

Investment Advisor

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

Advisors & Consultants
Legal Advisor

Office Managing Partner at Dentons

Key Stats and Financials As of 2020
Market Capitalization
$2.59B
Total Enterprise Value
$2.54B
Earnings Per Share
$2.74
Revenue
$558M
Net Profit
$149M
Total Equity
$1.88B
Three Year Compounded Annual Growth Rate Of Revenue
13.11%
Enterprise Value / Sales
4.55x
TEVNet Income
17.1x
Debt TEV
0.28x
Total Debt
$705M
Non-Profit Donations & Grants
Investments
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Futuri Media LLC develops social and mobile audience engagement technology for broadcasters. It provides real-time consumer intelligence to newsrooms and content producers with its popular TopicPulse system, tracking local trends across social media. The firm also offers an SMS text messaging capability that allows listeners to sign up for an SMS text message to be delivered directly to their mobile device when their favorite songs play. The company was founded by Daniel Anstandig, Rich Bongorno and Lee Zapis in 2009 and is headquartered in Cleveland, OH.

Suppliers
Cetera Financial Group, Inc. Investment Services & Portfolio Management | El Segundo, CA

Cetera Financial Group Inc. engages in the provision of brokerage and advisory services for financial professionals and institutions. Its portfolio of products include mutual funds, life insurance, stocks, bonds, fixed and variable annuity products, estate planning, college education planning, and cash management accounts. The company is headquartered in El Segundo, CA.

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

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

Independent Bank Corp. (Massachusetts) Retail & Commercial Banking - Rockland, MA

Independent Bank Corporation (NASDAQ: IBCP) is an Ionia, Michigan-based bank holding company with total assets of approximately $2.0 billion. Founded as First National Bank of Ionia in 1864, Independent Bank now offers convenient locations across Michigan’s Lower Peninsula. We provide a full range of financial services including retail and commercial banking, mortgage lending, investments and title services

Heartland Financial USA Retail & Commercial Banking - Dubuque, Iowa

Heartland Financial USA, Inc. operates as a bank holding company. The firm provides commercial banking services. It also engages in the business of community banking. The company was founded in 1981 and is headquartered in Dubuque, IA.

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