Inferra AI / Company / FRME

First Merchants Corp

FRME · Financials

Last earnings Oct 21, 2026

Key results

Net incomequarter

$56.3 million

com SOURCE First Merchants Corporation, Muncie, Indiana FIRST MERCHANTS CORPORATION ANNOUNCES THIRD QUARTER 2025 EARNINGS PER SHARE First Merchants Corporation (NASDAQ - FRME) (the Corporation ) Third Quarter 2025 Highlights Net income available to common stockholders was $56.3 million and diluted earnings per common share totaled $0.98 in the third quarter of 2025, compared to $48.7 million and $0.84 in the third quarter of 2024, and $56.4 million and $0.98 in the second quarter of 2025.

SEC original ↗First Merchants Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Third Quarter Financial Results First Merchants Corporation (the Corporation ) reported third quarter 2025 net income available to common stockholders of $56.3 million compared to $48.7 million during the same period in 2024.

SEC original ↗First Merchants Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

Per Share net incomequarter

9.51%

on September 25, 2025, adding approximately $2.4 billion in assets and expanding the Corporation s presence into Southern Indiana and the Louisville MSA 9.51% ROE 14.21% ROTCE2 ROE & ROTCE (Annualized) $56.3 Million $0.98 Per Share Net Income & EPS1 1.22% ROA 1.51% PTPP ROA2 ROA (Annualized) 1Net Income and EPS reported on a diluted basis and for common stockholders 2See Non-GAAP Financial Information for reconciliation Note: MSA and County ranking per FDIC.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

Net Income Available to Common Stockholders 179.9 135.6 167.5 31.9 23.5% 20.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

AI analysis

Q3 2025 · reported Oct 22, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Net income · Q3 2025

$56.3M

EX-99 · Oct 22, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Net income	$56.3 million	—	—
Per Share net income	9.51%	—	—

EX-99 · Oct 22, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Repurchased 939,271 shares totaling $36.5 million year-to-date repurchased 162,474 shares totaling $6.5 million during the third quarter.

QoQ $ Change Multi-Family 458$ 856$ 71.1% (77)$ Industrial 70$ 124$ 10.8% 7$ Self Storage 27$ 57$ 4.2% (8)$ $911.1 million in loans to 100 companies in a diversity of industries Senior Debt/Adj.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Announced the acquisition of First Savings Financial

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Repurchased 939,271 shares totaling $36.5 million year-to-date repurchased 162,474 shares totaling $6.5 million during the third quarter.

SEC original ↗First Merchants Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

QoQ $ Change Multi-Family 458$ 856$ 71.1% (77)$ Industrial 70$ 124$ 10.8% 7$ Self Storage 27$ 57$ 4.2% (8)$ $911.1 million in loans to 100 companies in a diversity of industries Senior Debt/Adj.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

EBITDA < 3.0X ~84% Total Debt/Adj.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

Ending Balance NPAs + 90PD 78.4$ 84.6$ 91.2$ 72.0$ 68.9$ $13.65 $14.68 $15.85 $16.96 $19.12 $21.94 $24.27 $25.21 $21.45 $25.06 $26.78 $29.08 $13.27 $14.38 $15.83 $16.78 $19.24 $21.24 $22.64 $24.09 $25.42 $27.98 $30.02 $31.80 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD'25 TBVPS TBVPS Without AFS OCI Track Record of Shareholder Value 25 10-Year Total Return (2014-2024) Diluted Earnings per Share Tangible Book Value per Share Dividends per Share CAGR 2014-2024: 7.5% Return on Tangible Common Equity 1Tangible book value per share excluding unrealized gain/loss in available for sale securities.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

Strategy & priorities

The pending acquisition of First Savings Financial Group marks a strategic expansion into Southern Indiana and the Louisville metropolitan area, adding approximately $2.4 billion in assets and enhancing our ability to serve Indiana, Ohio, and Michigan while delivering sustainable long-term growth.

SEC original ↗First Merchants Corp — Earnings release (8-K exhibit)EX-99Oct 22, 2025

( First Savings ), including future financial and operating results, cost savings, enhanced revenues, and accretion/dilution to reported earnings that may be realized from the Merger, as well as other statements of expectations regarding the Merger, and other statements of First Merchants goals, intentions and expectations; statements regarding the First Merchants business plan and growth strategies; statements regarding the asset quality of First Merchants loan and investment portfolios; and estimates of First Merchants risks and future costs and benefits whether with respect to the Merger or otherwise.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

(OH) 61 6,200,918 2.9 24 First Savings Financial Group (IN) 16 1,740,612 0.8 Expansion into Southern Indiana Bolsters Indiana State Presence 29 Deposits Mkt.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

Risks & headwinds

The assumptions and estimates underlying the pro forma information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information, including those in the Forward Looking Statements disclaimer.

SEC original ↗First Merchants Corp — Presentation / slide deck (8-K exhibit)EX-99Oct 22, 2025

Documents

Earnings deck slides

0 decks with slide view

First Merchants Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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