NASDAQ$FRME
First Merchants Corporation · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported strong Q4 2024 earnings with increased net income and diluted earnings per share.
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.
Headline financials
Revenue & EPS history
First Merchants · Revenue · Quarterly
$177M
Revenue by segment
First Merchants · $105M total across 1 segment · Q3 2021
- Net Interest Income$105M—100.0%
Forward guidance
First Merchants is positioned to deliver strong results in 2025.
Tailwinds
- 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
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.1%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.3%
Avg return
30 days after
48%
32 / 66 earnings
Positive
+11.2%
Q1 2010
Best reaction
-7.4%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.6% | -0.1% | -0.6% | |
| Q4 2025 | -0.1% | +4.4% | +8.0% | |
| Q3 2025 | -0.5% | -0.1% | +0.7% | |
| Q2 2025 | -1.7% | -0.1% | +1.2% | |
| Q1 2025 | -1.1% | -2.7% | +1.1% | |
| Q4 2024 | +3.5% | +7.5% | +6.2% | |
| Q3 2024 | -4.3% | -0.6% | +17.9% | |
| Q2 2024 | +4.4% | +2.0% | -3.0% | |
| Q1 2024 | -2.6% | -4.7% | -4.9% | |
| Q4 2023 | -3.0% | -2.6% | -5.1% | |
| Q3 2023 | +1.7% | +3.6% | +17.7% | |
| Q2 2023 | -0.1% | -2.3% | -8.2% | |
| Q1 2023 | -7.4% | -3.0% | -10.6% | |
| Q4 2022 | +1.4% | +6.1% | +2.1% | |
| Q3 2022 | +0.1% | +1.3% | -0.8% | |
| Q2 2022 | +3.7% | +9.8% | +9.3% | |
| Q1 2022 | -3.6% | -6.7% | -3.4% | |
| Q4 2021 | -3.1% | -3.5% | -1.0% | |
| Q3 2021 | -5.1% | -4.1% | -1.5% | |
| Q2 2021 | +0.2% | +1.6% | +3.5% | |
| Q1 2021 | +3.2% | +3.4% | +2.7% | |
| Q4 2020 | -0.8% | +3.8% | +10.8% | |
| Q3 2020 | -1.1% | +0.9% | +31.0% | |
| Q2 2020 | +2.8% | -1.4% | -0.0% | |
| Q1 2020 | +1.4% | +9.5% | -2.3% | |
| Q4 2019 | +0.5% | +3.6% | -11.5% | |
| Q3 2019 | +1.0% | +3.5% | +4.8% | |
| Q2 2019 | -1.0% | -0.1% | -9.3% | |
| Q1 2019 | -3.9% | -4.6% | -10.0% | |
| Q4 2018 | -1.6% | +0.9% | +10.9% | |
| Q3 2018 | +2.2% | +3.6% | +0.1% | |
| Q2 2018 | +3.4% | +0.3% | +2.0% | |
| Q1 2018 | -0.4% | -1.4% | +4.9% | |
| Q4 2017 | +0.6% | -1.1% | -2.6% | |
| Q3 2017 | +1.2% | -0.9% | -5.8% | |
| Q2 2017 | -2.2% | +0.4% | -1.1% | |
| Q1 2017 | -1.7% | -1.3% | -3.2% | |
| Q4 2016 | +3.3% | +2.3% | +11.3% | |
| Q3 2016 | +4.5% | +1.1% | +24.2% | |
| Q2 2016 | +3.2% | +2.2% | +6.3% | |
| Q1 2016 | +4.2% | — | — | |
| Q4 2015 | +6.4% | — | — | |
| Q3 2015 | +3.8% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q4 2014 | -3.9% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | +3.3% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | +7.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q1 2012 | -1.5% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q3 2010 | -5.6% | — | — | |
| Q3 2011 | -5.6% | — | — | |
| Q2 2010 | -2.5% | — | — | |
| Q4 2010 | -2.5% | — | — | |
| Q2 2011 | -2.5% | — | — | |
| Q1 2010 | +11.2% | — | — |
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