Earnings summaries and quarterly performance for FIRST MERCHANTS.
Executive leadership at FIRST MERCHANTS.
Mark Hardwick
Detailed
Chief Executive Officer
CEO
Chad Kimball
Detailed
Chief Risk Officer
John Martin
Detailed
Chief Credit Officer
Joseph Peterson
Detailed
Chief Commercial Officer
Michael Stewart
Detailed
President
Michele Kawiecki
Detailed
Chief Financial Officer
Stephan Fluhler
Detailed
Chief Information Officer
Steven Harris
Detailed
Chief Human Resources Officer
Board of directors at FIRST MERCHANTS.
Clark Kellogg
Detailed
Director
Gary Lehman
Detailed
Director
Howard Halderman
Detailed
Director
Jason Sondhi
Detailed
Director
Jean Wojtowicz
Detailed
Chair of the Board
Kevin Johnson
Detailed
Director
Michael Becher
Detailed
Director
Michael Fisher
Detailed
Director
Michael Rechin
Detailed
Vice Chair of the Board
Mung Chiang
Detailed
Director
Patrick Fehring
Detailed
Director
Susan Brooks
Detailed
Director
Research analysts who have asked questions during FIRST MERCHANTS earnings calls.
Damon Del Monte
Keefe, Bruyette & Woods
6 questions for FRME
Also covers: ALRS, BY, CAC +15 more
Daniel Tamayo
Raymond James Financial, Inc.
6 questions for FRME
Also covers: ASB, CNOB, FBIZ +13 more
Nathan Race
Piper Sandler & Co.
6 questions for FRME
Also covers: ALRS, BSVN, BWB +17 more
Brian Martin
Janney Montgomery Scott
5 questions for FRME
Also covers: BFIN, BY, EFSC +10 more
Brendan Nosal
Hovde Group, LLC
3 questions for FRME
Also covers: ALRS, BWB, BY +11 more
Terence McEvoy
Stephens Inc.
3 questions for FRME
Also covers: ASB, BY, CIVB +10 more
Terry McEvoy
Stephens Inc.
3 questions for FRME
Also covers: ASB, BY, CIVB +9 more
Brandon Nussbaum
Hobby Group
1 question for FRME
Recent press releases and 8-K filings for FRME.
First Merchants Reports Strong Q3 2025 Earnings and Announces Acquisition
FRME
Earnings
M&A
Guidance Update
- First Merchants Corporation reported Q3 2025 earnings per share of $0.98 and a year-to-date return on assets of 1.22%.
- The company achieved 9% year-to-date loan growth, including $268 million in commercial loan growth (10% annualized) during Q3 2025.
- On September 25, First Merchants announced the acquisition of First Savings Financial Group, which will add approximately $2.4 billion in assets and expand its presence into Southern Indiana.
- The tangible common equity ratio increased to 9.18% in Q3 2025, and the company repurchased $6.5 million in shares during the quarter.
- Management anticipates Q4 2025 core expenses to be consistent with Q3 and projects a 2 basis point margin decline for each 25 basis point rate cut.
Oct 23, 2025, 1:00 PM
First Merchants Reports Strong Q3 2025 Results and Announces Acquisition
FRME
Earnings
M&A
Share Buyback
- First Merchants (FRME) reported $0.98 earnings per share for Q3 2025, with a year-to-date return on assets of 1.22% and a core efficiency ratio of 54.56%. The company achieved 9% loan growth for the quarter, with total loan balances increasing by $289 million or 8.7% annualized.
- The company announced the acquisition of First Savings Financial Group on September 25, which is expected to add approximately $2.4 billion in assets and expand its presence into Southern Indiana. This acquisition is anticipated to close mid-first quarter 2026.
- The tangible common equity ratio increased to 9.18%, and the common equity tier one ratio stood at 11.34%. Asset quality remained solid, with non-performing loans declining from $72 million to $68.9 million, and a robust reserve coverage ratio of 1.43%. The company repurchased 162,474 shares totaling $6.5 million in Q3 2025.
- The net interest margin was stable at 3.24% in Q3 2025, though the total cost of deposits increased 14 basis points to 2.44%. Management anticipates a few basis points of margin compression in Q4 2025 if expected rate cuts occur, with each 25 basis point cut potentially leading to about two basis points of margin decline.
Oct 23, 2025, 1:00 PM
First Merchants Corporation Announces Third Quarter 2025 Earnings and Acquisition of First Savings Financial Group
FRME
Earnings
M&A
Share Buyback
- First Merchants Corporation reported net income available to common stockholders of $56.3 million and diluted earnings per common share of $0.98 for the third quarter of 2025.
- The company announced the acquisition of First Savings Financial Group, Inc. on September 25, 2025, in an all-stock transaction valued at approximately $241.3 million, which will add approximately $2.4 billion in assets.
- The Corporation maintained a robust capital position with a Common Equity Tier 1 Capital Ratio of 11.34% and a Tangible Common Equity to Tangible Assets Ratio of 9.18% in Q3 2025.
- Total loans grew $288.8 million, or 8.7% annualized, and total deposits increased $72.4 million, or 2.0% annualized, on a linked quarter basis.
- First Merchants repurchased 939,271 shares totaling $36.5 million year-to-date, including 162,474 shares totaling $6.5 million repurchased during the third quarter of 2025.
Oct 22, 2025, 8:13 PM
Creative Realities Announces Acquisition of Cineplex Digital Media
FRME
M&A
Debt Issuance
Convertible Preferred Issuance
- Creative Realities, Inc. (CRI) has entered into a share purchase agreement to acquire Cineplex Digital Media (CDM) for CAD 70 million in cash, with the acquisition expected to close in October 2025.
- CDM reported sales of just under CAD $56 million in 2024 and is projected to grow by 25% in 2025, with over 60% of its revenue being recurring.
- CRI will finance the acquisition through a combination of debt and preferred equity, including a $36 million senior term loan and $30 million of convertible preferred equity.
- The acquisition is anticipated to double CRI's size, provide at least $10 million in annualized cost synergies by the end of 2026, and is expected to be accretive to earnings almost immediately.
- On a pro-forma adjusted basis, CRI's 2026 revenue is projected to exceed USD $100 million, with Adjusted EBITDA margins in the high teens, eventually exceeding 20% once all synergies are realized.
Oct 16, 2025, 11:00 AM
First Merchants Corporation to Acquire First Savings Financial Group
FRME
M&A
Board Change
Guidance Update
- First Merchants Corporation (FRME) has entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (FSFG) in an all-stock transaction valued at approximately $241.3 million.
- Under the terms of the agreement, First Savings shareholders will receive 0.85 shares of First Merchants common stock for each share of First Savings common stock, which represents an implied value of $33.60 per share based on FRME's closing price on September 24, 2025.
- The transaction is expected to be 11% accretive to earnings per share in 2027 (the first full year of combined operations) and has an estimated tangible book value earnback period of 3.0 years.
- The combined company will have approximately $21.0 billion in assets and is anticipated to close in the first quarter of 2026, pending regulatory and First Savings shareholder approvals.
Sep 25, 2025, 12:15 PM
Quarterly earnings call transcripts for FIRST MERCHANTS.
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