{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-24-000156","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.738684+00:00","generated_at":"2026-06-03T08:43:35.602104+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Merchants Q1 net income falls to $47.5M, EPS $0.80 from $1.07 YoY","bullets":["Net income available to common stockholders $47.5M; diluted EPS $0.80 vs $63.6M ($1.07) in Q1 2023.","Excluding non-core charges of $3.5M (FDIC assessment $1.1M, digital conversion $2.4M), adjusted EPS $0.85.","Total deposits $14.9B, up $63.1M linked quarter; loans $12.5B, down $24.3M linked quarter.","Net interest margin 3.10% (down 6 bps linked quarter); net charge-offs 7 bps annualized.","Capital solid: CET1 ratio 11.25%; $30M share repurchases and $40M sub-debt redemption in quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-24-000156","json":"https://secwatch.observer/filing/0000712534-24-000156.json","markdown":"https://secwatch.observer/filing/0000712534-24-000156.md","text":"https://secwatch.observer/filing/0000712534-24-000156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000156/0000712534-24-000156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000156/frme-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:43:35.602104+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":"0b141c2aef23e0f0adaf6b4e63d603798c17661c","claim":"FIRST MERCHANTS CORP reported first quarter ended March 31, 2024 results: net income $47.5 million, EPS $0.80.","evidence_excerpt":"First Merchants Corporation (the “Corporation) has reported first quarter 2024 net income available to common stockholders of $47.5 million compared to $63.6 million during the same period in 2023. Diluted earnings per common share for the period totaled $0.80 compared to the first quarter of 2023 result of $1.07 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000156/0000712534-24-000156-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"$47.5 million"},{"label":"EPS","value":"$0.80"},{"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"}