secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000712534-24-000335
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Merchants Q3 GAAP EPS $0.84; adjusted EPS $0.95, up from $0.94 a year ago
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- Net income available to common $48.7M; diluted EPS $0.84 vs $0.94 in Q3 2023.
- Adjusted net income $55.6M or $0.95 per share, excluding $9.1M pre-tax securities repositioning loss.
- Net interest margin expanded 7 bps sequentially to 3.23%; loans grew $15.5M linked quarter.
- Signed agreement to sell five Illinois branches; $287.7M deposits and $9.2M loans classified as held for sale.
- Nonperforming assets to total assets 35 bps, stable linked quarter; CET1 ratio 11.25%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253424000335/0000712534-24-000335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253424000335/frme-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000712534-24-000335

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