First Merchants Q2 EPS $1.02; loans grow 5.4% annualized ex-sales; NIM contracts 19 bps

FIRST MERCHANTS CORP

2023-Q2 EPS reported $2.09

Net income available to common $60.4M, diluted EPS $1.02; adjusted EPS $1.02 flat YoY.
Total loans $12.3B, up $163.2M (5.4% annualized) excluding $116.6M commercial loan sale.
NIM (tax-equiv) 3.39%, down 19 bps linked quarter; net interest income $137.8M, down 6.3M from Q1.
Nonaccrual loans $69.2M, up from $46.6M linked quarter; no provision expense recorded.
Deposits declined $122.1M (3.3% annualized) to $14.6B; loan-to-deposit ratio 84.3%.

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 0.9

FIRST MERCHANTS CORP reported financial results for the second quarter ended June 30, 2023.

Period: the second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 25, 2023, First Merchants Corporation issued a press release to report its financial results for the second quarter ended June 30, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST MERCHANTS CORP filing history →

Source: SEC EDGAR

accession 0000712534-23-000189

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.