Financial services firm First Merchants Corp Q3 adjusted EPS beats estimates on loan growth

First Merchants

22/10/2025 21:42

Overview

First Merchants Q3 adjusted EPS beats analyst expectations

Company reports Q3 net income of $56.3 mln, up from $48.7 mln last year

Company had announced acquisition of First Savings Financial Group, expanding into Southern Indiana

Outlook

Company expects acquisition of First Savings to close in Q1 2026

Result Drivers

LOAN GROWTH - Total loans grew $288.8 mln, or 8.7% annualized, primarily in Commercial & Industrial loans

DEPOSIT INCREASE - Total deposits increased $72.4 mln, or 2.0% annualized, contributing to financial stability

ACQUISITION IMPACT - Acquisition of First Savings Financial Group adds $2.4 bln in assets, expanding presence into Southern Indiana

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.99
$0.97 (6 Analysts)
Q3 EPS
$0.98
Q3 Net Income
$56.30 mln
Q3 Net Interest Income
$133.69 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "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 $46.00, about 19.7% above its October 21 closing price of $36.92

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX9Qhp6r

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)