---
schema_version: "secwatch.filing_event.v1"
accession: "0000712534-23-000122"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:24:28.094652+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Merchants Q1 EPS $1.07; net income $63.6M; deposit growth 8.9% annualized

## Summary
- Diluted EPS of $1.07 vs $0.91 in Q1 2022; adjusted EPS also $1.07.
- Net income available to common stockholders $63.6M, up 31% from $48.6M a year ago.
- Total deposits grew $320.5M (8.9% annualized) linked quarter; loans up $237.9M (7.9% annualized).
- Net interest margin 3.58%, down 14 bps from Q4 2022; efficiency ratio 51.72%.
- Non-accrual loans $46.6M vs $42.3M linked quarter; CET1 ratio 10.82%.

## SEC filing metadata
- accession: 0000712534-23-000122
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712534/000071253423000122/0000712534-23-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253423000122/frme-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-23-000122
- JSON: https://secwatch.observer/filing/0000712534-23-000122.json
- Plain text: https://secwatch.observer/filing/0000712534-23-000122.txt

## Key facts
- Earnings Releases
  FIRST MERCHANTS CORP reported first quarter ended March 31, 2023 results: net income $63.6 million, EPS $1.07.
  - Period: first quarter ended March 31, 2023
  - Net income: $63.6 million
  - EPS: $1.07
  - Result: reported results
  source text: First Merchants Corporation (the “Corporation) has reported first quarter 2023 net income available to common stockholders of $63.6 million compared to $48.6 million during the same period in 2022. Earnings per share for the period totaled $1.07 per share compared to the first quarter of 2022 result of $.91 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712534/000071253423000122/0000712534-23-000122-index.htm

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