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First Merchants Corp. (FRME)
NASDAQ:FRME
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.94Last Year’s EPS
0.68Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 1.14%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in terms of loan growth, earnings, and capital management. While market volatility and deposit declines presented challenges, asset quality remained stable, and efficiency improved. The highlights outweigh the lowlights, indicating a positive outlook despite some areas of concern.Company Guidance
During the First Merchants Corporation First Quarter 2025 Earnings Conference Call, the management provided guidance indicating a strong start to the fiscal year with notable financial metrics. The company reported an annualized loan growth of 4.8% and a 23 basis point increase in return on assets, with total assets amounting to $18.4 billion. Total loans were $13 billion and total deposits $14.5 billion, while assets under advisement stood at $5.8 billion. The first quarter net income increased by 15.6% to $54.9 million, with GAAP earnings per share up by 17.5% to $0.94. Core earnings per share rose by 10.6% year-over-year after adjustments for one-time expenses. The company also initiated a $100 million share repurchase program, repurchasing $10 million in shares. Tangible common equity was reported at 8.9%, providing capital flexibility. The management reiterated its guidance for mid to high single-digit loan growth for 2025, despite market volatility and potential impacts from tariffs. Furthermore, they emphasized strong capital ratios with common equity Tier one at 11.5% and a coverage ratio of 1.6% including fair value marks on acquired loans.Strong Loan and Earnings Growth
First quarter delivered a 4.8% annualized loan growth and a 23 basis point increase in return on assets. Net income increased by $7.4 million or 15.6% from one year ago, with GAAP earnings per share increasing by 17.5%.
Successful Capital Management
Board approved a $100 million share repurchase program with $10 million already repurchased. Tangible common equity stands at 8.9%, providing optimal capital flexibility.
Commercial Loan Growth
Commercial segment was the primary driver of loan growth, increasing $169 million or a 7% annualized growth rate, with C&I growing by $248 million.
Stable Asset Quality
Asset quality remained stable with classified loan balances declining, and net charge-offs of only $5 million or 15 basis points annualized.
Improved Efficiency
Expenses were well-managed, with a decrease of $3.4 million from the prior quarter and an efficiency ratio of 54.54%.
FRME Earnings History
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 |
|---|---|---|---|
Apr 24, 2025 | $36.92 | $36.50 | -1.14% |
Jan 30, 2025 | $40.92 | $42.35 | +3.49% |
Oct 24, 2024 | $36.75 | $35.41 | -3.65% |
Jul 25, 2024 | $38.61 | $39.40 | +2.05% |
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 Jul 24, 2025, TBA Not Confirmed.
What is First Merchants Corp. (FRME) earnings time?
First Merchants Corp. (FRME) earnings time is at Jul 24, 2025, TBA Not 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 (Q2) is 0.94.