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-0.000223763705527078 -0.000559409263817536 0.00257328261355997 0.00402774669948534 0.00570597449093747 0.00760796598791668 0.00738420228238976 0.00592973819646455
Stock impact report

First Merchants Corp (FRME) Q4 2024 Earnings Call Highlights: Strong Loan Growth and Strategic ... [Yahoo! Finance]

First Merchants Corporation (FRME) 
Last first merchants corporation earnings: 4/23 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
4 min read In This Article: FRME Earnings Per Share (EPS): $1.10 for Q4, adjusted to $1.00 after accounting for a $20 million gain and an $11.6 million bond loss. Loan Growth: 6% for Q4, with full-year growth at 3%. Net Interest Margin: Improved by 5 basis points from Q3 to Q4. Efficiency Ratio: Sub 54% for the quarter. Tangible Common Equity Ratio: 8.81% at the end of Q4. Tangible Book Value Per Share: $26.78, a 25% increase over the last two years. Net Income: $200 million for the full year 2024. Commercial Loan Growth: $148 million increase in Q4, with C&I portfolio growing by $66 million. Deposit Growth: 4.4% annualized rate for Q4; full-year deposits were flat. Net Interest Income: Increased by $3.3 million sequentially in Q4. Non-Interest Income: Increased by $17.9 million in Q4, reflecting a $20 million gain from branch sales. Pre-Tax Pre-Provision Earnings: $73.2 million for Q4. Allowance for Credit Losses: $192.8 million, with a coverage ratio o Show less Read more
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