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First Merchants Corporation FRME Q1 2025 earnings

Reported April 24, 2025 · Before market open

Revenue$160.3MMiss by $10.6M
EPS$0.94Beat by $0.03
Revenue estimate$170.9M
EPS estimate$0.91

Next report

Oct 28, 2026 (in a month)
Revenue estimate$204.0M
EPS estimate$1.03

Financials

Q1 2025

Income statement

See full
Revenue$160.3M+4.3%
Net income$55.3M+15.4%
EPS (diluted)$0.94+17.5%

Balance sheet

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Cash & equivalents$86.1M-14.3%
Total debt$1.3B+55.9%
Total equity$2.3B+4.8%
Total assets$18.4B+0.7%

Cash flow

See full
Operating cash flow$61.7M+4.8%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$2.37B+14.4%
Enterprise value$3.62B+28.1%
P/E11.3×+1.4×
P/S3.6×+0.4×

Profitability

See full
Net margin32%-0.7pp

Returns & leverage

See full
Return on equity9.2%-0.4pp
Debt / equity0.6×+0.2×

Segments

By product

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Fiduciary and wealth management fees$8.6M+5.4%
Service charges on deposit accounts$8.1M+2.1%
Card payment fees$4.5M+0.6%
Other customer fees$415.0K-2.8%
Derivative hedge fees$404.0K+53.6%

FAQ

When did First Merchants Corporation report Q1 2025 earnings?
First Merchants Corporation (FRME) reported Q1 2025 earnings on April 24, 2025 before market open.
What were First Merchants Corporation's Q1 2025 revenue and EPS?
First Merchants Corporation reported revenue of $160.3M and eps of $0.94 for Q1 2025.
Did First Merchants Corporation beat estimates in Q1 2025?
Revenue missed the consensus estimate of $170.9M by $10.6M. EPS beat the consensus estimate of $0.91 by $0.03.
How did First Merchants Corporation's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.3% from $153.7M a year earlier and eps grew 10.6% from $0.85.
Where can I find First Merchants Corporation's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000712534-25-000111) and the 10-Q periodic report (0000712534-25-000117) directly on SEC EDGAR. The filing index links above go to sec.gov.