{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-24-000039","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.723096+00:00","generated_at":"2026-06-06T18:44:24.205269+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Merchants Q4 net income $42M ($0.71 EPS); one-time charges $12.7M; core EPS $0.87","bullets":["Net income available to common stockholders $42.0M, diluted EPS $0.71, vs $0.94 in Q3 2023 and $1.19 in Q4 2022.","One-time charges of $12.7M: FDIC special assessment $4.3M, employee severance/early retirement $6.3M, lease termination $2.1M; adjusted EPS $0.87.","Total loans grew $202.6M (6.6% annualized linked quarter); total deposits increased $174.9M (4.8% annualized linked quarter).","Net interest margin (tax-equivalent) 3.16%, down 13 bps QoQ; efficiency ratio 63.26% (55.56% adjusted).","Common equity Tier 1 ratio 11.35%; tangible common equity ratio 8.44%, up 75 bps from prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-24-000039","json":"https://secwatch.observer/filing/0000712534-24-000039.json","markdown":"https://secwatch.observer/filing/0000712534-24-000039.md","text":"https://secwatch.observer/filing/0000712534-24-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000039/0000712534-24-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000039/frme-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:44:24.205269+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"66112f97cb2d8e3dede126548b1b9dd0a0694489","claim":"FIRST MERCHANTS CORP reported fourth quarter ended December 31, 2023 results: net income $42.0 million, EPS $0.71 per share.","evidence_excerpt":"First Merchants Corporation (the “Corporation) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022. Diluted earnings per common share for the period totaled $0.71 per share compared to the fourth quarter of 2022 result of $1.19 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000039/0000712534-24-000039-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Net income","value":"$42.0 million"},{"label":"EPS","value":"$0.71 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}