secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000712534-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253423000046/0000712534-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253423000046/frme-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000712534-23-000046

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