First Merchants reports record Q4 net income $70.3M, diluted EPS $1.19

FIRST MERCHANTS CORP

2022-FY EPS reported $3.81

Net income available to common stockholders $70.3M; diluted EPS $1.19 vs $0.89 in Q4 2021.
Adjusted diluted EPS $1.19; full-year adjusted EPS $4.20 vs $3.38 in 2021.
Total loans grew $344.1M annualized 11.8% linked quarter (ex-PPP); deposits declined $52.1M.
Net interest income $149.0M, up $8.7M (6.2%) linked quarter; NIM (tax-equivalent) 3.72%.
Nonaccrual loans $42.3M, flat linked quarter; total risk-based capital ratio 13.08%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST MERCHANTS CORP reported the fourth quarter ended December 31, 2022 results: net income $70.3 million, EPS $1.19.

Period: the fourth quarter ended December 31, 2022
Net income: $70.3 million
EPS: $1.19
Result: reported results

Exact text from the filing

On January 26, 2023, First Merchants Corporation issued a press release to report its financial results for the fourth quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0000712534-23-000046

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