First Merchants Corp (NAS:FRME)

Q3 2025 First Merchants Corp Earnings Call Transcript

Oct 23, 2025 / 01:00 PM GMT

Release Date Price: $36.42 (-0.52%)

Transcript 10-Q8-K

Key Points

Positve

First Merchants Corp (FRME) reported a strong balance sheet and earnings performance, reflecting the strength and resilience of their business model.
The company achieved a 9% loan growth quarter and reported earnings per share of $0.98.
First Merchants Corp (FRME) announced the acquisition of First Savings Financial Group, adding approximately $2.4 billion in assets and expanding their presence in southern Indiana.
Year-to-date net income increased by $31.9 million or 23.5% from the previous year, with earnings per share up by $0.59 or 25.5%.
The company maintained a low efficiency ratio of 55%, consistent with high performance standards.

Negative

Deposit costs increased by 14 basis points to 2.44% this quarter, reflecting competitive deposit dynamics in the market.
The company anticipates margin compression in Q4 due to potential rate cuts, with each 25 basis point cut expected to reduce the margin by about 2 basis points.
Despite strong loan growth, the company faces challenges in managing deposit costs amidst competitive market conditions.
The acquisition of First Savings Financial Group may reduce asset sensitivity, potentially impacting future earnings.
The company is not currently prioritizing mergers and acquisitions, which may limit growth opportunities in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FRME.OQ - First Merchants Corp
Q3 2025 First Merchants Corp Earnings Call
Oct 23, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the First Merchants Corporation. 3rd quarter 2025 earnings conference call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to the future performance and financial condition of First Merchants Corporation that involve risk and uncertainties. Further information is contained within the press release, which we encourage you to review. Additionally, management may refer to non-GAAP measures which are intended to supplement but not substitute for the most directly comparable GAAP measures. The press release available on the website contains financial and other quantitative information to be discussed today, as well as a

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