First Merchants (FRME) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 28, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.85

Last Year’s EPS

0.94

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 26, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong positive operational and financial momentum: record assets, loans, deposits, net income and EPS; robust loan and deposit growth; margin and fee income gains; solid capital ratios; and an accretive acquisition with planned cost synergies. Headwinds were noted but appear manageable: modest margin compression from rate cuts, a limited number of credit charge-offs and new nonaccruals, some short-term expense and integration costs, and a higher-cost mix of certain deposits. Management provided a constructive 2026 outlook (mid- to high-single-digit loan growth, double-digit fee income growth target, continued buybacks) and emphasized confidence in asset quality and capital positions. Overall, positives materially outweighed the setbacks discussed.

Company Guidance

Management guided to continued mid-single-digit loan growth in Q1 and mid- to high-single-digit growth for 2026 (roughly 6–8%), driven by commercial C&I and consumer pipelines, supported by using expected investment portfolio cash flows ($282M next 12 months at a ~2.09% roll-off yield) to fund higher-yielding loans; they expect net interest income growth despite modest margin pressure (Q4 NIM 3.29% up 5 bps, total loan yield 6.32% down 8 bps, new/renewed loan yield 6.51%) with a small annual core NIM compression of a few basis points and a Q1 seasonal dip (~5 bps). On deposits, they highlighted rate relief (deposit rate down 12 bps to 2.32%, Q4 deposit growth $424.9M or 11.4% annualized; $800M of CDs maturing in Q1–Q2 with weighted average rates ~3.75% and 3.65%, 12‑month special at 3.30%), continued focus on funding mix and deposit cost, and net interest income upside from ~$350M of fixed-rate loan repricings (~4.40%) in 2026. They forecast double-digit noninterest income growth (~10%), budget core noninterest expense up ~3–5% (plus First Savings operating expense with close Feb 1 and integration in May), expect to realize ~27.5% annualized cost savings from the acquisition (mostly back half 2026), maintain efficiency <55% with strong operating leverage, and continue opportunistic buybacks while remaining well capitalized (CET1 11.7%, tangible common equity 9.38% pre-close, ~8.7–8.8% post-close, above 8% target). Asset quality guidance was stable: Q4 net charge-offs ~$6M (annualized ~18 bps), ACL $195.6M (coverage 1.42%) with NPAs $74.5M (adjusted NPA rate ~0.45%) and classified loans ~2.56%; overall earnings targets included continued NII and fee growth to support EPS accretion after closing the ~$2.4B First Savings acquisition.

Record Financial Results

Record total assets of $19.0B, record total loans of $13.8B and record total deposits of $15.3B. Full-year net income was $224.1M and record diluted EPS of $3.88 (up ~13.8% YoY). Annual ROA was 1.21% and annual return on tangible common equity was 14.08%.

Strong Loan Growth

Linked-quarter loan growth of $197M (5.8% annualized) and year-to-date loan growth of $939M (7.3% for 2025). Commercial loan growth was a major driver with $153M in commercial loan growth in Q4 (6% annualized) and nearly $700M C&I growth for the year.

Deposit Growth and Cost Management

Total deposits grew $424.9M in Q4 (11.4% annualized). Deposit funding benefits from >$250M of non‑maturity balance growth in the quarter and a decline in the rate paid on deposits by 12 bps to 2.32%, producing a $3M reduction in interest expense in Q4.

Net Interest Income and Margin Expansion

Fully tax-equivalent net interest income of $145.3M in Q4, up $5.4M linked quarter and up $5.1M YoY. Quarterly net interest margin increased 5 bps to 3.29%, supported by new/renewed loan yields of 6.51%.

Fee Income Momentum

Noninterest income of $33.1M in Q4 with customer-related fees of $30M. Notable QoQ growth in wealth management fees (~$0.3M), card payment fees (~$0.3M) and gains on mortgage sales (~$0.4M). Company plans for ~10% noninterest income growth in 2026 (stand-alone).

Capital Strength and Shareholder Returns

Common equity Tier 1 ratio of 11.7% and tangible common equity ratio improved to 9.38% (up 20 bps). Repurchased ~1.2M shares in 2025 for $46.9M (Q4 repurchases: 272k shares for $10.4M). Management intends to be opportunistic/aggressive with buybacks while valuation remains attractive.

Acquisition and Strategic Expansion

Received regulatory and shareholder approval to acquire First Savings Group (adds ~ $2.4B of assets, expands presence into Southern Indiana and Louisville MSA). Legal close scheduled for Feb 1, 2026 with integration work on track and expected cost synergies (estimated 27.5% annualized cost savings realized post-integration).

Improved Investment Portfolio Valuation

Unrealized loss on the available-for-sale investment portfolio declined by $30M (approx. 15%) during the quarter as rates moved, with $282M of expected cash flows (12-month roll-off) at a roll-off yield of ~2.09% to fund higher-yielding loans.

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
Apr 28, 2026	2026 (Q1)	0.85 / -	0.94	―	―	―
Jan 26, 2026	2025 (Q4)	0.95 / 0.99	1.1	-10.00% (-0.11)
Oct 22, 2025	2025 (Q3)	0.96 / 0.98	0.84	16.67% (+0.14)
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)

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
Jan 26, 2026	$38.01	$38.19	+0.47%
Oct 22, 2025	$36.26	$36.07	-0.52%
Jul 23, 2025	$40.50	$39.02	-3.66%
Apr 24, 2025	$35.90	$35.49	-1.14%

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 Apr 28, 2026, After Close (Confirmed).

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

First Merchants Corp. (FRME) earnings time is at Apr 28, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is FRME EPS forecast?

FRME EPS forecast for the fiscal quarter 2026 (Q1) is 0.85.