Brief: First Merchants Q2 Net Income USD 56.4 Million

First Merchants

23/07/2025 21:06

Overview

First Merchants Q2 net income rises to $56.4 mln, EPS $0.98

Co repurchased 582,486 shares totaling $22.1 mln during Q2

Total loans grew $297.6 mln, 9.1% annualized, linked qtr basis

Result Drivers

LOAN GROWTH - Total loans grew by $297.6 mln, or 9.1% annualized, primarily in Commercial & Industrial loans

DEPOSIT INCREASE - Total deposits increased by $335.6 mln, or 9.3% annualized, on a linked quarter basis

MARGIN EXPANSION - Net interest margin rose to 3.25% due to higher yields on earning assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.98
Q2 Net Income
$56.40 mln
Q2 Net Interest Income
$133 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Merchants Corp is $44.00, about 5.7% above its July 22 closing price of $41.50

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX60TyLS

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)