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Dec 31, 2024
First Merchants Q4 2024 Earnings Report
Reported strong Q4 2024 earnings with increased net income and diluted earnings per share.
Key Takeaways
First Merchants Corporation reported a strong fourth quarter in 2024, marked by significant increases in net income available to common stockholders and diluted earnings per share. The corporation completed the sale of five Illinois branches, contributing to non-interest income. Loan and deposit balances showed positive momentum, and key financial ratios reflected a strong capital position.
Net income available to common stockholders was $63.9 million, with diluted earnings per common share totaling $1.10.
The Common Equity Tier 1 Capital Ratio was 11.43%, and the Tangible Common Equity to Tangible Assets Ratio was 8.81%.
Total loans grew by $185.6 million, or 5.9% annualized, on a linked quarter basis.
The corporation completed the sale of five Illinois branches to Old Second National Bank on December 6, 2024.
Forward Guidance
First Merchants is positioned to deliver strong results in 2025.
Positive Outlook
- Core earnings are healthy.
- Net Interest Margin (NIM) is increasing.
- Return on Assets (ROA) is increasing.
- Securities portfolio was restructured.
- Illinois branch sale was completed to help prioritize core markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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