---
schema_version: "secwatch.filing_event.v1"
accession: "0000712534-23-000189"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:34:56.751385+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000712534-23-000189
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712534/000071253423000189/0000712534-23-000189-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253423000189/frme-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-23-000189
- JSON: https://secwatch.observer/filing/0000712534-23-000189.json
- Plain text: https://secwatch.observer/filing/0000712534-23-000189.txt

## Key facts
- Earnings Releases
  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
  source text: On July 25, 2023, First Merchants Corporation issued a press release to report its financial results for the second quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712534/000071253423000189/0000712534-23-000189-index.htm

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