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First Merchants Q1 2025 Earnings Report
First Merchants Corporation reported a decrease in net income and EPS for Q1 2025 compared to the previous quarter, alongside a decline in net interest income and noninterest income.
Key Takeaways
First Merchants Corporation reported a net income of $54.9 million and diluted EPS of $0.94 for Q1 2025. The company experienced a decrease in net interest income and noninterest income compared to the previous quarter, but maintained a robust capital position with a tangible common equity ratio of 8.90%.
EPS of $0.94 compared to core EPS of $0.85 in 1Q24, an increase of 10.6%.
Net income available to common stockholders was $54.9 million, a decrease of 14.1% from the previous quarter.
Total assets increased to $18.4398 billion, while total deposits decreased to $14.462 billion.
The tangible common equity ratio increased to 8.90% from 8.81% in the prior quarter.
First Merchants
First Merchants
First Merchants Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.comNoninterest Income Revenue
CapyFin.com Forward Guidance
First Merchants Corporation's forward guidance emphasizes continued organic growth, strategic acquisitions, and maintaining strong financial performance while investing in digital transformation and sustainability.
Positive Outlook
- Drive engagement through inclusivity, teamwork, performance management, development, rewards, and work-life balance.
- Produce organic growth across all lines of business and markets through focused, industry-leading client acquisition, expansion, and retention activities.
- Continued investment in the digitization of our delivery channels to simplify the client experience.
- Maintain top-quartile financial results supported by industry-leading governance and compliance practices to ensure long-term sustainability.
- Continue to leverage our core competency in acquisitions to enhance growth and high performance.
Challenges Ahead
- Possible changes in economic and business conditions could impact results.
- The existence or exacerbation of general uncertainty may affect financial performance.
- The effects of a pandemic or other unforeseeable events could pose risks.
- Possible changes in monetary and fiscal policies, and laws and regulations, may impact operations.
- The cost and other effects of legal and administrative cases could negatively affect the company.