First Merchants Corporation Price & Performance (FRMEP)

First Merchants Corporation reported Q1 2025 earnings per share of $0.94, exceeding analyst expectations. Net income reached $54.9 million, reflecting a 10.6% year-over-year increase. However, revenue fell short of forecasts, and shares dipped 1.6% following the announcement. Loan growth remained strong, but deposit declines continued amid a challenging banking environment.123

Wall Street analysts reiterated positive ratings for First Merchants after its Q1 2025 report. The bank’s loan portfolio expanded and capital position stayed robust, but revenue missed expectations and deposits slipped. The consensus rating remains “Moderate Buy,” with target prices averaging $48.20, reflecting confidence in the company’s long-term prospects despite recent market headwinds.45

First Merchants achieved $154.9 million in loan growth for Q1 2025, boosting total loans by 4.8% annualized. Net interest margin declined slightly to 3.22%, and nonperforming assets ticked up to 0.47%. The bank’s efficiency ratio held steady at 54.54%, highlighting ongoing cost control as management navigates a competitive regional landscape.67