First Merchants Corporation (FRME) Q2 2025 Earnings Call Transcript

First Merchants Corporation (NASDAQ:FRME) Q2 2025 Earnings Conference Call July 24, 2025 9:00 AM ET

Company Participants

Mark Hardwick - CEO & Director
Michael Stewart - President
Michele Kawiecki - Executive VP, CFO & Principal Accounting Officer
John Martin - Executive VP & Chief Credit Officer

Conference Call Participants

Daniel Tamayo - Raymond James & Associates, Inc., Research Division
Terence McEvoy - Stephens Inc., Research Division
Brendan Nosal - Hovde Group, LLC, Research Division
Nathan Race - Piper Sandler & Co., Research Division
Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division
Brian Martin - Janney Montgomery Scott LLC, Research Division

Operator

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 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 reconciliation of GAAP to non-GAAP measures. As a reminder, today's call is being recorded. I will now turn the conference over to Mr. Mark Hardwick, CEO. Mr. Hardwick, you may begin.

Mark Hardwick

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