---
schema_version: "secwatch.filing_event.v1"
accession: "0000712534-23-000289"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:08:02.444098+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000712534-23-000289
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/712534/000071253423000289/0000712534-23-000289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253423000289/frme-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-23-000289
- JSON: https://secwatch.observer/filing/0000712534-23-000289.json
- Plain text: https://secwatch.observer/filing/0000712534-23-000289.txt

## Key facts
- Earnings Releases
  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
  source text: First Merchants Corporation issued a press release to report its financial results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712534/000071253423000289/0000712534-23-000289-index.htm

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