First Merchants Reports Q4 2025 Earnings, Beats Estimates

First Merchants Corporation (NASDAQ: FRME) shares traded at 38.02 at market close on January 26, 2026, marking a 0.18% intraday decline. The financial holding company today announced its fourth-quarter and full-year 2025 financial results, exceeding analyst expectations for both earnings and revenue. Stock Performance Overview First Merchants Corporation’s stock has demonstrated volatility over the past year. The 52-week trading range for FRME shares stands between a low of 33.13 and a high of 45.62. Over the last six months, the stock has generally remained within a tighter band, closing at 38.77 on July 1, 2025, and 38.01 on December 1, 2025, reflecting a relatively stable trend. Latest Quarterly Results For the fourth quarter of 2025, First Merchants reported net income available to common stockholders of 56.6 million, resulting in diluted earnings per common share of 0.99. This figure surpassed the Zacks Consensus Estimate of 0.96 per share, representing a 2.08% earnings surprise. Total revenue for the quarter reached 172.17 million, exceeding the consensus estimate by 3.22%. This compares to net income of 63.9 million, or 1.10 diluted EPS, in the fourth quarter of 2024. Year-over-Year and Full-Year Context For the full year 2025, First Merchants achieved record results, with net income available to common stockholders of 224.1 million and diluted earnings per common share of 3.88. This represents a substantial increase from 199.5 million in net income and 3.41 diluted EPS for the full year 2024. Total loans grew by 938.8 million, or 7.3%, during the last twelve months, reaching 13.8 billion at quarter-end. Total deposits increased by 773.2 million, or 5.3%, over the same period, totaling 15.3 billion. The company’s efficiency ratio for the quarter stood at 54.52%. Analyst Activity As of January 7, 2026, analysts have a consensus “Hold” rating on First Merchants Corporation, with an average one-year price target of 47.60. Four research firms have rated the stock with a “Hold” and three have assigned a “Buy” rating. No new analyst upgrades, downgrades, or price target changes were reported today.The post First Merchants Reports Q4 2025 Earnings, Beats Estimates first appeared on AlphaStreet.