First Merchants (FRME) Q2 FY26 earnings call

Earnings call· Jun 2026 (Q2 FY26)· Financials· Jul 23, 2026

Source: earnings call transcript

First Merchants reported Q2 FY26 results showing strong revenue growth and margin expansion, driven by disciplined pricing and organic balance sheet growth. However, net income was significantly impacted by specific reserves on two commercial credits, leading to increased nonaccrual loans and a higher full-year net charge-off outlook. Management remains confident in the broader portfolio and expects improved performance in the second half of 2026, supported by continued share repurchases and capital generation.

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FRME operating KPIs by quarter

FRME operating KPIs stated on its earnings calls, by fiscal quarter
KPI	This call Jun 2026 Q2 FY26	Sep 2026 Q3 FY26	Change vs prior quarter
Branches	126 We now operate 126 banking centers, reflecting the addition of Southern Indiana following the first savings acquisition. Source: earnings call transcript	126 We operate 126 banking centers across Indiana, Michigan and Ohio. Source: earnings call transcript	0%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.