The earnings call reflected a strong quarter with significant loan growth, net income increase, and improved credit quality. However, there are concerns about rising deposit costs and challenges in mortgage fee growth. Despite these issues, the overall performance and strategic positioning remain robust.

Company Guidance -

Q3 2025

During the First Merchants Corporation Second Quarter 2025 Earnings Conference Call, the company highlighted several key financial metrics. The annualized loan growth was reported at 9.1%, alongside earnings per share of $0.98. The return on assets stood at 1.23%, and the efficiency ratio was 54%. Net income for the second quarter was $56.4 million, a 43% increase from the previous year, supported by improved credit quality and a reduced provision for credit losses, which decreased to $5.6 million from $24.5 million the previous year. Year-to-date net income was $111.2 million, up 28% from the first half of 2024, while earnings per share increased by 30% to $1.92. The company also repurchased $22.1 million worth of shares in the quarter. Tangible common equity was at 8.92%, and the total revenue grew by nearly 4% year-to-date. Additionally, the net interest margin increased to 3.25%, while the yield on earning assets rose by 11 basis points. The allowance for credit losses coverage ratio was maintained at 1.47%, with a total reserve of $195.3 million.

Strong Loan Growth

First Merchants Corporation achieved a 9.1% annualized loan growth, with $262 million of commercial loan growth for the quarter, representing over 10% annualized growth.

Significant Increase in Net Income

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.

Improved Credit Quality

Credit quality returned to healthy levels, with a significantly lower provision for credit losses of $5.6 million compared to $24.5 million in the second quarter of 2024.

Efficiency and Capital Management

The efficiency ratio was 54%, and tangible common equity was 8.92%, providing optimal capital flexibility. The company also repurchased $22.1 million worth of shares this quarter.

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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