---
schema_version: "secwatch.filing_event.v1"
accession: "0000712534-23-000046"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:40:27.088367+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000712534-23-000046
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712534/000071253423000046/0000712534-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253423000046/frme-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-23-000046
- JSON: https://secwatch.observer/filing/0000712534-23-000046.json
- Plain text: https://secwatch.observer/filing/0000712534-23-000046.txt

## Key facts
- Earnings Releases
  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
  source text: On January 26, 2023, First Merchants Corporation issued a press release to report its financial results for the fourth quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712534/000071253423000046/0000712534-23-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.