Spiral Partners with First Merchants Bank
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy FRME?
Spiral announced a partnership with First Merchants Bank. The partnership will enable First Merchants Bank to strengthen its vision of enhancing the financial wellness of the diverse communities it serves by growing and retaining deposits at a low cost while delivering innovative, personalized digital experiences. With Spiral, customers can effortlessly save for their financial goals through everyday purchases and digital banking, while also supporting local nonprofits and community causes.
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Analyst Views on FRME
Wall Street analysts forecast FRME stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.330
Low
46.00
Averages
48.00
High
50.00
Current: 39.330
Low
46.00
Averages
48.00
High
50.00
About FRME
First Merchants Corporation is a financial holding company. It has one full-service bank charter, First Merchants Bank (the Bank). The Bank operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). Through the Bank, the Company offers a broad range of commercial and consumer banking services. Its commercial banking solutions include debt capital, treasury management services and depository products. Its consumer banking solutions include consumer deposit and lending products. Its mortgage banking offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Its private wealth advisors offer personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. It operates approximately 111 banking locations in Indiana, Ohio, and Michigan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Merchants Bank Partners with Spiral to Enhance Financial Wellness
- Partnership for Financial Wellness: The collaboration between First Merchants Bank and Spiral aims to enhance customer financial wellness through personalized digital experiences, expected to increase deposits at a low cost while boosting customer loyalty.
- Automated Savings Feature: Spiral's Savings Center will enable customers to save automatically through everyday purchases, utilizing gamified experiences to make saving more appealing, thereby facilitating financial goals like home buying and starting a business.
- Community Impact: Customers can automatically round up their everyday purchases to save or support charitable causes, enhancing community engagement, while First Merchants Bank will attract more nonprofits through digital donations and fundraising initiatives.
- Legacy of Mission: With over 130 years of commitment to enhancing community financial wellness, this partnership with Spiral further solidifies First Merchants Bank's mission in the financial services sector, promoting customer financial freedom and community development.
See More
Inflation Data Surprises, Rattles Stock Market
- Inflation Data Surprises: January's Producer Price Index (PPI) rose 0.5% month-over-month, exceeding expectations of 0.3%, with the core component increasing by 0.8%, indicating limited room for the Federal Reserve to cut interest rates and heightening concerns about a potential economic slowdown.
- Rising Credit Risks: A Bank of America strategist highlighted increasing problem loans that could pressure lenders, prompting investors to reassess credit risks in private credit and leveraged loan markets, which negatively impacts valuations of banks sensitive to economic cycles.
- Regional Bank Stocks Decline: KeyCorp (NYSE:KEY) fell 5.6%, First Merchants (NASDAQ:FRME) dropped 5.3%, Fifth Third Bancorp (NASDAQ:FITB) decreased by 5.9%, FB Financial (NYSE:FBK) declined 5.8%, and Cathay General Bancorp (NASDAQ:CATY) also fell 5.8%, reflecting waning investor confidence in regional banks.
- Market Overreaction: Although Fifth Third Bancorp's shares are up 3.6% year-to-date, they remain 10.2% below their 52-week high, suggesting that current credit environment concerns may present buying opportunities for high-quality stocks amid market volatility.
See More
First Merchants Corporation Declares Cash Dividend
- Dividend Declaration: First Merchants Corporation announced a cash dividend of $0.36 per common share on February 9, 2026, reflecting the company's stable profitability and commitment to shareholder returns.
- Payment Schedule: The dividend is set to be paid on March 20, 2026, to common shareholders of record as of March 6, 2026, ensuring timely returns for investors and bolstering their confidence in the company.
- Company Overview: Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company with a full-service bank charter through First Merchants Bank, showcasing its comprehensive capabilities in the financial services sector.
- Stock Trading Information: The company's common stock is traded on the NASDAQ Global Select Market System under the ticker symbol FRME, facilitating investor access to market information and trading opportunities.
See More
First Merchants Appoints Larry Myers to Board of Directors
- New Board Member: First Merchants Corporation has appointed Larry Myers to its Board of Directors, bringing nearly 20 years of experience as CEO of First Savings Bank, which is expected to enhance the company's governance and strategic capabilities.
- Post-Merger Impact: The merger with First Savings Bank, completed on February 1, 2026, strengthens First Merchants' presence in southern Indiana, and Myers' addition is anticipated to drive long-term growth in the region.
- Market Knowledge Advantage: Myers' deep understanding of the southern Indiana market aligns well with First Merchants' long-term growth priorities, which is expected to support the company's efforts in creating customer value in the area.
- Commitment to Strategic Growth: CEO Mark K. Hardwick emphasized that Myers' community banking experience will provide valuable insights to the board, supporting disciplined growth and strong financial performance, thereby enhancing shareholder value.
See More
First Merchants Corporation Q4 2025 Earnings Call Highlights
- Asset and Income Innovation: First Merchants Corporation reported a net income of $56.6 million and earnings per share of $0.99 in Q4 2025, with an annual return on assets of 1.21%, demonstrating sustained growth in asset management and profitability, further solidifying its market position.
- Loan and Deposit Growth: The company reported a loan growth of $197 million for the quarter, achieving a 7.3% annual growth rate, while deposits increased by $424.9 million, with an annualized growth rate of 11.4%, indicating strong performance in the credit market and enhanced customer trust.
- M&A Integration Confidence: CEO Mark Hardwick confirmed the imminent closing of the First Savings Group acquisition, expected to add approximately $2.4 billion in assets and enhance the company's market share in Southern Indiana and the Louisville area, reflecting confidence in future growth.
- Expense and Revenue Outlook: CFO Kawiecki projected a 3% to 5% increase in noninterest expenses for 2026 while planning for a 10% growth in noninterest income, indicating a strategic focus on cost control while actively seeking revenue diversification.
See More
First Merchants Reports Decline in Q4 Earnings
- Earnings Decline: First Merchants Corporation reported a net income of $56.60 million for Q4, translating to an EPS of $0.99, which is a decrease from $63.88 million and $1.10 per share last year, indicating a weakening in profitability.
- Adjusted Earnings: Excluding items, adjusted earnings stood at $56.43 million or $0.98 per share, suggesting ongoing pressure on the company's core business performance, which may impact investor confidence.
- Revenue Growth: Despite the earnings decline, the company achieved a 3.5% year-over-year revenue increase to $139.06 million, up from $134.37 million last year, indicating potential for sales growth.
- Market Reaction: The earnings drop may raise concerns in the market regarding First Merchants' future performance, especially amid increasing economic uncertainty, prompting investors to reassess their strategies.
See More
First Merchants Bank Partners with Spiral to Enhance Financial Wellness
- Partnership for Financial Wellness: The collaboration between First Merchants Bank and Spiral aims to enhance customer financial wellness through personalized digital experiences, expected to increase deposits at a low cost while boosting customer loyalty.
- Automated Savings Feature: Spiral's Savings Center will enable customers to save automatically through everyday purchases, utilizing gamified experiences to make saving more appealing, thereby facilitating financial goals like home buying and starting a business.
- Community Impact: Customers can automatically round up their everyday purchases to save or support charitable causes, enhancing community engagement, while First Merchants Bank will attract more nonprofits through digital donations and fundraising initiatives.
- Legacy of Mission: With over 130 years of commitment to enhancing community financial wellness, this partnership with Spiral further solidifies First Merchants Bank's mission in the financial services sector, promoting customer financial freedom and community development.
See More
Inflation Data Surprises, Rattles Stock Market
- Inflation Data Surprises: January's Producer Price Index (PPI) rose 0.5% month-over-month, exceeding expectations of 0.3%, with the core component increasing by 0.8%, indicating limited room for the Federal Reserve to cut interest rates and heightening concerns about a potential economic slowdown.
- Rising Credit Risks: A Bank of America strategist highlighted increasing problem loans that could pressure lenders, prompting investors to reassess credit risks in private credit and leveraged loan markets, which negatively impacts valuations of banks sensitive to economic cycles.
- Regional Bank Stocks Decline: KeyCorp (NYSE:KEY) fell 5.6%, First Merchants (NASDAQ:FRME) dropped 5.3%, Fifth Third Bancorp (NASDAQ:FITB) decreased by 5.9%, FB Financial (NYSE:FBK) declined 5.8%, and Cathay General Bancorp (NASDAQ:CATY) also fell 5.8%, reflecting waning investor confidence in regional banks.
- Market Overreaction: Although Fifth Third Bancorp's shares are up 3.6% year-to-date, they remain 10.2% below their 52-week high, suggesting that current credit environment concerns may present buying opportunities for high-quality stocks amid market volatility.
See More
First Merchants Corporation Declares Cash Dividend
- Dividend Declaration: First Merchants Corporation announced a cash dividend of $0.36 per common share on February 9, 2026, reflecting the company's stable profitability and commitment to shareholder returns.
- Payment Schedule: The dividend is set to be paid on March 20, 2026, to common shareholders of record as of March 6, 2026, ensuring timely returns for investors and bolstering their confidence in the company.
- Company Overview: Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company with a full-service bank charter through First Merchants Bank, showcasing its comprehensive capabilities in the financial services sector.
- Stock Trading Information: The company's common stock is traded on the NASDAQ Global Select Market System under the ticker symbol FRME, facilitating investor access to market information and trading opportunities.
See More
First Merchants Appoints Larry Myers to Board of Directors
- New Board Member: First Merchants Corporation has appointed Larry Myers to its Board of Directors, bringing nearly 20 years of experience as CEO of First Savings Bank, which is expected to enhance the company's governance and strategic capabilities.
- Post-Merger Impact: The merger with First Savings Bank, completed on February 1, 2026, strengthens First Merchants' presence in southern Indiana, and Myers' addition is anticipated to drive long-term growth in the region.
- Market Knowledge Advantage: Myers' deep understanding of the southern Indiana market aligns well with First Merchants' long-term growth priorities, which is expected to support the company's efforts in creating customer value in the area.
- Commitment to Strategic Growth: CEO Mark K. Hardwick emphasized that Myers' community banking experience will provide valuable insights to the board, supporting disciplined growth and strong financial performance, thereby enhancing shareholder value.
See More
First Merchants Corporation Q4 2025 Earnings Call Highlights
- Asset and Income Innovation: First Merchants Corporation reported a net income of $56.6 million and earnings per share of $0.99 in Q4 2025, with an annual return on assets of 1.21%, demonstrating sustained growth in asset management and profitability, further solidifying its market position.
- Loan and Deposit Growth: The company reported a loan growth of $197 million for the quarter, achieving a 7.3% annual growth rate, while deposits increased by $424.9 million, with an annualized growth rate of 11.4%, indicating strong performance in the credit market and enhanced customer trust.
- M&A Integration Confidence: CEO Mark Hardwick confirmed the imminent closing of the First Savings Group acquisition, expected to add approximately $2.4 billion in assets and enhance the company's market share in Southern Indiana and the Louisville area, reflecting confidence in future growth.
- Expense and Revenue Outlook: CFO Kawiecki projected a 3% to 5% increase in noninterest expenses for 2026 while planning for a 10% growth in noninterest income, indicating a strategic focus on cost control while actively seeking revenue diversification.
See More
First Merchants Reports Decline in Q4 Earnings
- Earnings Decline: First Merchants Corporation reported a net income of $56.60 million for Q4, translating to an EPS of $0.99, which is a decrease from $63.88 million and $1.10 per share last year, indicating a weakening in profitability.
- Adjusted Earnings: Excluding items, adjusted earnings stood at $56.43 million or $0.98 per share, suggesting ongoing pressure on the company's core business performance, which may impact investor confidence.
- Revenue Growth: Despite the earnings decline, the company achieved a 3.5% year-over-year revenue increase to $139.06 million, up from $134.37 million last year, indicating potential for sales growth.
- Market Reaction: The earnings drop may raise concerns in the market regarding First Merchants' future performance, especially amid increasing economic uncertainty, prompting investors to reassess their strategies.
See More
