First Merchants Corporation announced net income available to common stockholders of $56.4 million for the second quarter of 2025, with diluted earnings per common share totaling $0.98. This represents a significant increase compared to $39.5 million and $0.68, respectively, in the second quarter of 2024. The company's capital position remained robust, with a Common Equity Tier 1 Capital Ratio of 11.35%.
During the second quarter of 2025, First Merchants repurchased 818,480 shares of its common stock, totaling $30.0 million. This ongoing share repurchase activity is part of the company's capital management strategy, aiming to return value to shareholders and optimize its capital structure. The company had previously approved a new $100 million share repurchase program in March 2025.
The strong earnings performance and continued share repurchases underscore First Merchants' operational efficiency and commitment to shareholder value. These actions reflect management's confidence in the company's financial health and its ability to generate sustainable profits in its core Midwest markets.
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