First Merchants Q3 net income $55.9M; EPS $0.94, down from $1.08 YoY

FIRST MERCHANTS CORP

2023-Q3 EPS reported $3.03

Net income available to common $55.9M, diluted EPS $0.94 vs $1.08 in Q3 2022.
Total loans grew $4.9M linked quarter; deposits up $65.4M; loan/deposit ratio 84.0%.
Net interest margin 3.29%, down 10bps QoQ; net interest income $133.4M, down 4.9% YoY.
Net charge-offs $20.4M from fraud-related charge-off; provision expense $2.0M.
Common equity Tier 1 ratio 11.26%; strong capital position.

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 the third quarter ended September 30, 2023 results: net income $55.9 million, EPS $0.94 per share.

Period: the third quarter ended September 30, 2023
Net income: $55.9 million
EPS: $0.94 per share
Result: reported results

Exact text from the filing

First Merchants Corporation issued a press release to report its financial results for the third quarter ended September 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 0000712534-23-000289

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.