First Merchants (US:FRME)2025-07-24 13:00Financial Performance - Net income available to common stockholders for the second quarter of 2025 was $563 million[17], compared to $394 million in 2Q24[27], an increase of 25%[18] - Year-to-date net income available to common stockholders reached $1112 million[16], a 28% increase compared to $869 million in the same period of 2024[28] - The company's Return on Average Assets (ROAA) for the second quarter was 123%[15], and year-to-date ROAA was 122%[12] - The Return on Tangible Common Equity (ROTCE) was 1449% for the second quarter[17], and 1430% year-to-date[12] - The efficiency ratio for the second quarter was 5399%[17], and 5426% year-to-date[18] Loan and Deposit Growth - Total loans reached $133 billion[12], with a quarterly growth of $2976 million, or 91% annualized[17], and year-to-date growth of $4525 million, or 70% annualized[18] - Commercial loans experienced strong growth during the quarter of approximately $262 million, or 107%[23], and year-to-date growth of approximately $431 million, or 89%[23] - Total deposits amounted to $148 billion[12], with a quarterly increase of $3356 million, or 93% annualized[27], and year-to-date growth of $2285 million, or 38%[28] - Commercial deposits increased by approximately $347 million during the quarter[25], while consumer deposits declined by approximately $108 million[25] Capital Management - The company repurchased 582486 shares totaling $221 million during the second quarter[15] - Year-to-date, the company repurchased 818480 shares totaling $317 million[18] - The tangible common equity ratio stood at 892%[12]