{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-25-000041","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2025-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.143956+00:00","generated_at":"2026-05-27T06:00:55.556867+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Merchants Q4 net income $63.9M; adjusted EPS $1.00; completes Illinois branch sale","bullets":["GAAP diluted EPS $1.10; adjusted EPS $1.00 versus $0.90 in Q4 2023.","Net interest margin 3.28%, up 12 bps YoY; loans grew $185.6M linked quarter (5.9% annualized).","Sold five Illinois branches and certain loans & deposits to Old Second National Bank on Dec 6, 2024; gain of $20.0M.","Restructured AFS securities: sold $109.6M (2.31% yield) during Q4; full-year 2024 sales $268.5M, total loss $20.8M.","Nonperforming assets 43 bps of total assets (up from 35 bps linked quarter); CET1 ratio 11.43%."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-25-000041","json":"https://secwatch.observer/filing/0000712534-25-000041.json","markdown":"https://secwatch.observer/filing/0000712534-25-000041.md","text":"https://secwatch.observer/filing/0000712534-25-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253425000041/0000712534-25-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253425000041/frme-20250130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T06:00:55.556867+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}