---
title: "First Merchants Reports Q4 2025 Earnings, Beats Estimates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273876903.md"
description: "First Merchants Corporation (NASDAQ: FRME) reported its Q4 2025 earnings, exceeding analyst expectations with a net income of $56.6 million and diluted EPS of $0.99, surpassing estimates by 2.08%. Total revenue reached $172.17 million, exceeding forecasts by 3.22%. For the full year, net income was $224.1 million, up from $199.5 million in 2024. The stock closed at $38.02, reflecting a 0.18% decline, with analysts maintaining a consensus \"Hold\" rating and a price target of $47.60."
datetime: "2026-01-27T14:01:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273876903.md)
  - [en](https://longbridge.com/en/news/273876903.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273876903.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273876903.md) | [繁體中文](https://longbridge.com/zh-HK/news/273876903.md)


# 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.

### Related Stocks

- [First Merchants Corporation (FRME.US)](https://longbridge.com/en/quote/FRME.US.md)

## Related News & Research

- [First Merchants Corporation to Report First Quarter 2026 Financial Results, Host Conference Call and Webcast | FRME Stock News](https://longbridge.com/en/news/281537695.md)
- [First Merchants Bank Selects Spiral to Power Personalized Savings and Community Giving Through Everyday Banking | FRME Stock News](https://longbridge.com/en/news/281178597.md)
- [Advantage Energy Ltd. (OTCMKTS:AAVVF) Receives Average Rating of "Moderate Buy" from Analysts](https://longbridge.com/en/news/280981094.md)
- [Assessing First Merchants (FRME) Valuation After Recent Share Price Pullback](https://longbridge.com/en/news/280049511.md)
- [Wells Fargo Sticks to Their Sell Rating for First Interstate Bancsystem (FIBK)](https://longbridge.com/en/news/281005647.md)