FRME · First Merchants Corp
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 23, 2026TL;DR. First Merchants reported Q2 net income of $43.5 million ($0.70 EPS) with adjusted PTPP of $84.6 million, as NIM expanded 3bps to 3.38% and organic loan growth of 5.8% annualized was offset by $33 million of provision tied to two large commercial credit downgrades, with management guiding full-year net charge-offs to 40–45 bps.
- + NIM expanded 3 bps linked quarter to 3.38%, with management guiding margin stable to up a couple bps in H2 assuming no Fed moves.
- + Adjusted PTPP of $84.6 million rose 7.5% linked quarter, producing 2% positive operating leverage.
- + Organic loan growth of $221.7 million, or 5.8% annualized, with management confident in mid-single-digit loan growth through year-end.
- + First Savings systems conversion completed and $271.1 million mortgage loan sale deployed to pay down high-cost brokered funding, accretive to margin.
- + Tangible book value per share rose 1.6% linked quarter to $29.80 and is up 6.8% year-over-year.
- − Two commercial credits ($41.8 million) were moved to non-accrual with $29.7 million of specific reserves, driving $33.0 million of provision expense.
- − Full-year 2026 net charge-offs are now expected to trend into the 40–45 bps range, up from 0.10% annualized this quarter.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
FRME
this stock
First Merchants Corp
|
$2.57B | +7.1% | — | 12.0 | 3.8% |
|
MFG
Mizuho Financial Group Inc
|
$133.98B | +48.8% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$118.26B | -38.9% | -3.2% | — | 0.7% |
|
CIXPF
CaixaBank/ADR
|
$103.83B | +26.7% | — | — | 0.1% |
|
IBN
Icici Bank Ltd
|
$100.21B | -7.9% | — | — | 0.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| FRME | -1.4% | -4.6% | -2.4% | +0.9% | +7.1% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -1.2% | -4.2% | -14.6% | +0.0% | -5.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.