Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
First Merchants Corp. (FRME)
NASDAQ:FRME
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.92Last Year’s EPS
0.8Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 5.24%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, with significant achievements in loan and deposit growth, improved margins, and shareholder returns. However, there were challenges noted in non-accrual loans and the Agri business segment. Overall, the positive aspects of the call outweighed the negatives.Company Guidance
During the Fourth Quarter 2024 Earnings Conference Call, First Merchants Corporation provided detailed guidance and insights into their financial performance and strategic initiatives. The company reported an adjusted earnings per share of $1.00 after accounting for specific gains and losses, with a notable loan growth of 6% for the quarter in line with their 2025 expectations. Net interest margin improved by five basis points quarter-over-quarter, contributing to a 4% growth in pre-tax pre-provision income and maintaining a sub-54% efficiency ratio. The tangible common equity ratio rose to 8.81%, with tangible book value per share increasing by 25% over two years to $26.78. For the full year, net income totaled $200 million, translating to earnings per share of $3.41. The bank also highlighted a strong 3% annual growth in their Commercial segment, particularly in the C&I and Investment Real Estate portfolios, while deposits remained stable with strategic cost management. Looking ahead, First Merchants aims to leverage their robust technological upgrades and focused market strategies to achieve top quartile financial results in 2025, targeting mid to high-single-digit growth in loans and maintaining expense growth at a minimal level.Strong Financial Performance
Earnings per share for the quarter totaled $1.10, and net income for the full year of 2024 was $200 million. The tangible book value per share increased by 25% over the last two years.
Loan and Deposit Growth
Loan growth reached nearly 6% for the quarter, with a full-year growth of 3%. Deposits grew at a 4.4% annualized rate during the quarter.
Improved Efficiency and Margins
Net interest margin improved by five basis points Q4 over Q3, supporting a sub-54% efficiency ratio for the quarter.
Capital and Shareholder Returns
Common equity Tier 1 climbed to 11.43%, with tangible common equity ratio at 8.81%. Share buybacks and dividends returned $138 million to shareholders during the year.
---
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 |
|---|---|---|---|
| Jan 30, 2025 | $41.26 | $42.71 | +3.51% |
| Oct 24, 2024 | $37.06 | $35.71 | -3.64% |
| Jul 25, 2024 | $38.93 | $39.73 | +2.05% |
| Apr 25, 2024 | $34.07 | $33.49 | -1.70% |
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 Apr 24, 2025, TBA Not Confirmed.
What is First Merchants Corp. (FRME) earnings time?
First Merchants Corp. (FRME) earnings time is at Apr 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 (Q1) is 0.92.
---