First Merchants reports Q3 EPS 98c, consensus 96c

Reports Q3 adjusted revenue $172.35M, consensus $172.58M. Reports Q3 tangible book value per share $29.08. Reports Q3 CET1 capital ratio 11.34%. “Our strong year-to-date balance sheet and earnings performance underscore the strength and resilience of our business model. Our return on assets, return on tangible capital, and efficiency ratio are in the top-quartile relative to our peers, reflecting disciplined execution and operational excellence,” said Mark Hardwick, CEO. “The pending acquisition of First Savings Financial Group marks a strategic expansion into Southern Indiana and the Louisville metropolitan area, adding approximately $2.4 billion in assets and enhancing our ability to serve Indiana, Ohio, and Michigan while delivering sustainable long-term growth.”