First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript

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Q2: 2024-07-25 Earnings Summary

EPS of $0.68 misses by $0.12
 | Revenue of $165.76M (-2.50% Y/Y) beats by $5.25M

First Merchants Corporation (NASDAQ:FRME) Q2 2024 Earnings Conference Call July 25, 2024 11:30 AM ET

Company Participants

Mark Hardwick – Chief Executive Officer
Michael Stewart – President
Michele Kawiecki – Chief Financial Officer
John Martin - Chief Credit Officer

Conference Call Participants

Daniel Tamayo - Raymond James
Damon DelMonte – KBW
Terry McEvoy – Stephens Inc.
Nathan Race - Piper Sandler
Brian Martin - Janney Montgomery Scott

Operator

Thank you for standing by, and welcome to the First Merchants Corporation's Second Quarter 2024 Earnings Conference call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to the future performance and financial condition of First Merchants Corporation's that involve risks and uncertainties. Further information is contained within the press release, which we encourage you to review.

Additionally, management may refer to non-GAAP measures, which are intended to supplement but not substitute for the most directly comparable GAAP measures. The press release available on the website contains financial and other quantitative information to be discussed today, as well as a reconciliation of GAAP to non-GAAP measures. As a reminder, today's call is being recorded.

I would now like to turn the conference over to Mr. Mark Hardwick, Chief Executive Officer. Mr. Hardwick, you may begin.

Mark Hardwick

Good morning, and welcome to the First Merchants second quarter 2024 conference call. Thanks for the introduction and for covering the forward-looking statement on Page 2. We released our earnings today at approximately 8 AM Eastern time. 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 to include President, Mike Stewart, Chief Credit Officer, John Martin, and Chief Financial Officer, Michele Kawiecki.

On Page 4, we

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