The earnings call highlighted strong financial performance with significant increases in net income and earnings per share, robust loan growth, and improved credit quality. However, there were pressures on deposit costs and some notable nonaccrual loans. Overall, the positive aspects significantly outweigh the challenges.

Company Guidance

During the Second Quarter 2025 Earnings Conference Call, First Merchants Corporation reported robust financial performance with several key metrics. The company achieved a 9.1% annualized loan growth rate and earnings per share of $0.98. Return on assets was 1.23%, and the efficiency ratio stood at 54%. The second quarter net income reached $56.4 million, marking a significant 43% increase from the previous year, supported by improved credit quality and a reduced provision for credit losses of $5.6 million compared to $24.5 million in Q2 2024. Year-to-date net income totaled $111.2 million, up 28% from the first half of 2024, with earnings per share increasing by 30% to $1.92. The company repurchased $22.1 million worth of shares this quarter and $31.7 million year-to-date at an average price of $38.68. The tangible common equity ratio was 8.92%, exceeding the target level, providing capital flexibility. Total revenues in the second quarter were strong, with net interest income growing by $2.7 million and noninterest income by $1.3 million, while the pre-tax pre-provision earnings reached $70.7 million.

Strong Financial Performance

Second quarter net income was $56.4 million, an increase of $17 million or 43% from a year ago. Year-to-date net income totaled $111.2 million, an increase of $24.3 million or 28% from the first half of 2024. Earnings per share increased by $0.44 or 30% during the same period.

Robust Loan Growth

Achieved 9.1% annualized loan growth with $262 million of commercial loan growth for the quarter and $430 million of loan growth year-to-date, which is 9% annualized.

Improved Credit Quality

Provision for credit losses significantly reduced to $5.6 million compared to $24.5 million in the second quarter of 2024. Net charge-offs were just 0.07% of average loans annualized.

Increased Shareholder Returns

Repurchased an additional $22.1 million worth of shares this quarter. Year-to-date, $31.7 million worth of shares have been repurchased at an average price of $38.68.

Growing Tangible Book Value

Tangible book value per share increased by 8.5%, reflecting strong capital management and shareholder returns.

First Merchants (FRME) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FRME Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.97 / -	0.84	―	―	―
Jul 23, 2025	2025 (Q2)	0.94 / 0.98	0.68	44.12% (+0.30)
Apr 24, 2025	2025 (Q1)	0.91 / 0.94	0.8	17.50% (+0.14)
Jan 30, 2025	2024 (Q4)	0.90 / 1.10	0.71	54.93% (+0.39)
Oct 24, 2024	2024 (Q3)	0.90 / 0.84	0.94	-10.64% (-0.10)
Jul 25, 2024	2024 (Q2)	0.78 / 0.68	1.02	-33.33% (-0.34)
Apr 25, 2024	2024 (Q1)	0.82 / 0.80	1.07	-25.23% (-0.27)
Jan 25, 2024	2023 (Q4)	0.86 / 0.71	1.19	-40.34% (-0.48)
Oct 26, 2023	2023 (Q3)	0.94 / 0.94	1.08	-12.96% (-0.14)
Jul 25, 2023	2023 (Q2)	1.02 / 1.02	0.63	61.90% (+0.39)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FRME Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$41.25	$39.74	-3.66%
Apr 24, 2025	$36.56	$36.14	-1.15%
Jan 30, 2025	$40.51	$41.94	+3.53%
Oct 24, 2024	$36.39	$35.06	-3.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does First Merchants Corp. (FRME) report earnings?

First Merchants Corp. (FRME) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is First Merchants Corp. (FRME) earnings time?

First Merchants Corp. (FRME) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FRME EPS forecast?

FRME EPS forecast for the fiscal quarter 2025 (Q3) is 0.97.

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