FRME Research | Milton Maxwell

FRME

First Merchants Corporation

38.83

-0.16-0.41%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

2.25B

P/E (TTM)

9.71

Basic EPS (TTM)

4.00

Dividend Yield

0.04%

Recent Filings

8-K

Declares $0.36 dividend

11/14/25Nov 14, 2025

First Merchants declared a $0.36 per common share cash dividend on November 14, 2025, payable December 19 to shareholders of record December 5. Steady payout signals board confidence in earnings stability. No strategic details disclosed.

8-K

Board director retires immediately

11/14/25Nov 14, 2025

First Merchants Corporation announced Patrick Fehring's immediate retirement from its Board of Directors on November 14, 2025, after serving since 2022 on the Risk and Credit Policy Committee. No disagreements prompted the exit. Board size shrank from 13 to 12 members. Smooth transition, no drama.

10-Q

Q3 FY2025 results

10/30/25Oct 30, 2025

First Merchants posted solid Q3 results with net income of $56.8M, up 15% y/y, and diluted EPS of $0.98, matching q/q but ahead of $0.84 last year; shares fell to 57.4M from 58.3M y/y, confirming no dilution. Net interest income rose 2% y/y to $133.7M on lower deposit costs (down 8% y/y), while provision dropped to $4.3M from $5.0M amid stabilizing credit. Loans grew 7.7% annualized to $13.6B, deposits edged up 3.2% annualized to $14.9B, and operating cash flow hit $202.9M YTD (FCF not disclosed in the 10-Q). Signed merger with First Savings in Sep 2025 for ~$225.6M in stock (0.85 exchange ratio), eyeing Q1 2026 close. Buybacks trimmed shares. Competition pressures deposit pricing.

8-K

Q3 EPS $0.98; First Savings deal

10/22/25Oct 22, 2025

First Merchants posted Q3 net income of $56.3 million, $0.98 diluted EPS, up from $48.7 million, $0.84 last year. Loans surged $288.8 million linked-quarter, deposits $72.4 million; nonperformers steady at 0.36% of assets. Signed $241.3 million all-stock deal for First Savings on September 25, adding $2.4 billion assets, closing Q1 2026. Loans grew fast.

8-K

Declares $0.36 dividend

8/15/25Aug 15, 2025

First Merchants Corporation declared a $0.36 per common share cash dividend on August 15, 2025, payable September 19 to shareholders of record September 5. This steady payout signals confidence in cash flows amid steady operations. Dividend declared.

About

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, home equity lending, vehicle loans, and personal loans; and local commercial lending, asset-based lending solutions, agricultural lending, commercial real estate solutions, debt capital markets, practice finance, public finance, small business administration lending, and sponsor finance services. It also provides personal and commercial wealth management services, trust services, retirement planning, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

CEO

Mr. Mark K. Hardwick CPA

IPO

6/20/1989

Website

https://www.firstmerchants.com

Employees

2,120

Sector

Financial Services

Industry

Banks - Regional