---
schema_version: "secwatch.filing_event.v1"
accession: "0000712534-24-000235"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:28:58.355559+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Merchants Q2 net income $39.5M, EPS $0.68 vs $1.02 YoY; provision up on charge-offs

## Summary
- Diluted EPS $0.68, down from $1.02 in Q2 2023 and $0.80 in Q1 2024.
- Net interest margin 3.16%, up 6 bps linked quarter but down 23 bps YoY.
- Loans grew $191M (6.1% annualized) linked quarter; deposits fell $315M (8.5% annualized).
- Net charge-offs $39.6M; provision expense $24.5M, driving performance weakness per CEO.
- Nonperforming assets to total assets 0.36%, improving slightly from 0.37% prior quarter.

## SEC filing metadata
- accession: 0000712534-24-000235
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712534/000071253424000235/0000712534-24-000235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253424000235/frme-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-24-000235
- JSON: https://secwatch.observer/filing/0000712534-24-000235.json
- Plain text: https://secwatch.observer/filing/0000712534-24-000235.txt

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