Loading...
•
Sep 30
First Merchants Q3 2025 Earnings Report
First Merchants reported a solid third quarter with stable earnings and a strong balance sheet.
Key Takeaways
First Merchants posted steady growth in loans and deposits, supported by strong capital ratios and consistent profitability metrics. Net income remained flat quarter-over-quarter, while margins and credit quality were stable.
Net income available to common stockholders was $56.3 million.
Total loans grew by $288.8 million quarter-over-quarter.
Net interest income was $133.7 million, up $0.7 million from Q2.
Efficiency ratio improved slightly to 55.09% (54.56% excluding non-core items).
First Merchants
First Merchants
First Merchants Revenue by Segment
First Merchants Revenue by Geographic Location
Revenue by Segment
Net Interest Income Revenue
CapyFin.comNoninterest Income Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Management anticipates continued loan and deposit growth supported by stable credit metrics and the strategic expansion through the First Savings acquisition.
Positive Outlook
- Loan growth primarily in Commercial & Industrial segments.
- Strong capital ratios supporting future growth.
- Pending acquisition to expand market reach in Indiana and Kentucky.
- Stable credit metrics with nonperforming assets unchanged.
- Earnings consistent with top-quartile peer performance.
Challenges Ahead
- Net interest margin slightly declined QoQ.
- Higher noninterest expense due to severance and incentive payouts.
- Modest valuation decrease in securities portfolio.
- Slight decline in allowance for credit losses.
- Deposit growth remains modest on a quarterly basis.