FRME News & Events

First Merchants (FRME) and First Savings Financial (FSFG) have finalized a merger of the two companies. Following regulatory approvals last month, the companies consummated their legal closing through a stock transaction effective February 1, 2026. As previously announced in late 2025, First Savings Bank will also merge with and into First Merchants Bank. "This merger strengthens our ability to serve Indiana communities with expanded capabilities and the same genuine, relationship-focused approach our customers expect," said Mark Hardwick, CEO of First Merchants Corporation. "First Savings Bank shares our commitment to community, culture, and long-term value, and together we are building a stronger, more diversified organization for the future."

Reports Q4 revenue $178.36M, consensus $172.93M. Reports Q4 tangible book value per share $30.18. Reports Q4 CET1 capital ratio 11.7%. Reports Q4 net charge-offs .18%. "First Merchants delivered record double-digit earnings and high single-digit loan growth in 2025. Our capital, liquidity and credit positions remain very strong and position us for continued success," said Mark Hardwick, CEO. "The pending completion of the First Savings Bank acquisition on February 1st will further enhance our state-wide Indiana presence. We value the continued trust of our clients, teammates and shareholders."