This study is aimed to select optimum keratin degradation ability from Bacillusstrains for feather meal-soybean meal fermentation, and favorably water content for the strain during fermentation of feather meal-soybean meal, and finally investigate the effects of the fermented feather meal-soybean meal product (FFSMP) on growth performance, carcass trait, clinical blood biochemistry, and intestinal morphology of broilers. Thirty-six bacteria strains from soil, sewage pool, and feather waste were screened and selected Bacillus subtilisvar. nattoN21 (N21), B. subtilisCU14 (CU14), and B. amyloliquefaciensCU33 (CU33) with better keratinase activity and feather-degrading rate. The result of trial 1 showed that the FFSMP produced by CU33 had the optimum physiochemical characterizations, amino acid composition and feeding performance for broilers. Hence the effects of water content (45, 50, 55, and 60%) on FFMSP fermentation of CU33 were investigated in trial 2. Result showed that pH value, counts of Bacillus-like bacteria, γ-PGA, viscosity, surfactin yield and odor all significantly increased according to the water content (P< 0.05). The protease activity reached significantly highest in the 55% and 60% water content groups (P< 0.01). The broilers performance of 55% and 60% water content group were significantly higher than control group (P< 0.05) in weight gain (WG), feed intake (b) at 0 to 21-d-old and the WG, feed conversion ratio (FCR), and production efficiency factor at 0 to 35-d-old, and could reach the similar growth performance as fish meal group (P> 0.05). The fermentation groups significantly decreased urea nitrogen (P< 0.05) and increased creatinine (P< 0.05) in the blood. The fermentation groups also significantly decreased the crypt depth in the duodenum (P< 0.05) and increased villus height to crypt depth ratio of the duodenum (P< 0.05). In conclusion, CU33 shows the best degradation rate for feather and keratinase activity, and the FFSMP with a water content of 50% to 60% during fermentation is suggested. Diets supplemented with 5% FFSMP can promote the growth of broilers by improving the morphology of the duodenum and achieve the feeding effect of high-quality fish meal.