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FRME-News
FRME-Events
First Merchants Reports Q2 Revenue of $196.1M
Reports Q2 revenue $196.1M, consensus $202.7M. Reports Q2 tangible book value per share $29.80. Reports Q2 CET1 capital ratio 11.16%. "First Merchants continued to build momentum during the second quarter with expanding net interest margin, solid loan and deposit growth, and another quarter of strong commercial loan production," said Mark Hardwick, Chief Executive Officer. "While we identified two commercial lending relationships that were placed on nonaccrual, we acted promptly to recognize the associated reserves and believe our balance sheet remains well positioned. We successfully completed the integration of First Savings, further strengthening our statewide Indiana franchise and enhancing our ability to serve clients across Indiana, Ohio and Michigan. Our capital, liquidity and credit quality remain very strong and position us well to execute our long-term growth strategy and continue creating shareholder value."
First Merchants Reports Q1 Tangible Book Value of $29.34
Reports Q1 tangible book value per share $29.34. Reports Q1 CET1 capital ratio 11.22%. "First Merchants delivered a strong start to 2026, highlighted by solid adjusted earnings growth, expanding net interest margin, and continued strength in commercial loan production," said Mark Hardwick, CEO. "We successfully closed the acquisition of First Savings, adding $2.4 billion in assets and further strengthening our statewide Indiana presence while enhancing our ability to serve clients across Indiana, Ohio, and Michigan. Our capital, liquidity, and credit quality remain very strong, positioning us well for continued growth and long-term shareholder value creation."
Spiral Partners with First Merchants Bank
Spiral announced a partnership with First Merchants Bank. The partnership will enable First Merchants Bank to strengthen its vision of enhancing the financial wellness of the diverse communities it serves by growing and retaining deposits at a low cost while delivering innovative, personalized digital experiences. With Spiral, customers can effortlessly save for their financial goals through everyday purchases and digital banking, while also supporting local nonprofits and community causes.
First Merchants and First Savings Finalize Merger
First Merchants (FRME) and First Savings Financial (FSFG) have finalized a merger of the two companies. Following regulatory approvals last month, the companies consummated their legal closing through a stock transaction effective February 1, 2026. As previously announced in late 2025, First Savings Bank will also merge with and into First Merchants Bank. "This merger strengthens our ability to serve Indiana communities with expanded capabilities and the same genuine, relationship-focused approach our customers expect," said Mark Hardwick, CEO of First Merchants Corporation. "First Savings Bank shares our commitment to community, culture, and long-term value, and together we are building a stronger, more diversified organization for the future."
First Merchants Q4 Revenue $178.36M, Beats Expectations
Reports Q4 revenue $178.36M, consensus $172.93M. Reports Q4 tangible book value per share $30.18. Reports Q4 CET1 capital ratio 11.7%. Reports Q4 net charge-offs .18%. "First Merchants delivered record double-digit earnings and high single-digit loan growth in 2025. Our capital, liquidity and credit positions remain very strong and position us for continued success," said Mark Hardwick, CEO. "The pending completion of the First Savings Bank acquisition on February 1st will further enhance our state-wide Indiana presence. We value the continued trust of our clients, teammates and shareholders."
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