First Merchants reports Q4 adjusted EPS 98c, consensus 95c

Reports Q4 revenue $178.36M, consensus $172.93M. Reports Q4 tangible book value per share $30.18. Reports Q4 CET1 capital ratio 11.7%. Reports Q4 net charge-offs .18%. “First Merchants (FRME) delivered record double-digit earnings and high single-digit loan growth in 2025. Our capital, liquidity and credit positions remain very strong and position us for continued success,” said Mark Hardwick, CEO. “The pending completion of the First Savings Bank acquisition on February 1st will further enhance our state-wide Indiana presence. We value the continued trust of our clients, teammates and shareholders.”