First Merchants Corporation (FRME) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the First Merchants Corporation Second Quarter 2025 Earnings Conference Call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to future performance and financial condition of First Merchants Corporation that involve risk and uncertainties. Further information is contained within the press release, which we encourage you to review. Additionally, management may refer to non-GAP measures, which are intended to supplement but not substitute for the most directly comparable GAP measures. The press release available on the website contains financial and other quantitative information to be discussed today as well as reconciliation of GAP to non-GAP measures. As a reminder, today's call is being recorded. I will now turn the conference over to Mr. Mark Hardwick, CEO, and Mr. Hardwick may begin. Good morning and welcome to First Merchants Second Quarter 2025 Conference Call. Thanks for the introduction and for covering the forward-looking statement on page 2. We released our earnings yesterday after the close of the market, and you can access today's slides by following the link on the third page of our earnings release. On page 3 of our slides, you will see today's presenters and our bios, including President Mike Stewart, Chief Credit Officer John Martin, and Chief Financial Officer Michelle Kaviesky. On slide 4, we have a map of all 111 of our banking centers and some second quarter financial highlights with a few of the awards that we've received recently. On slide 5, our strong balance sheet and earnings results reflect the type of performance First Merchant shareholders have come to expect. We delivered .1% annualized loan growth and 98 cents of earnings per...