First Merchants reports Q2 EPS 98c, consensus 94c

Reports Q2 revenue $170.52M, consensus $172.13M. Reports Q2 CET1 capital ratio 11.35%. Reports Q2 net charge-offs .07%. “Our strong balance sheet and earnings growth in the first half of the year underscore the strength and resilience of our business model,” said Mark Hardwick, CEO of First Merchants (FRME) Bank. “With continued momentum in loan and deposit growth, expanding margins, disciplined expense management, and a robust capital position, we are well-positioned to deliver long-term value for our shareholders. We remain committed to supporting our clients and communities while navigating a dynamic economic environment with confidence and clarity.”