---
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"
generated_at: "2026-05-27T06:00:55.556867+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Merchants Q4 net income $63.9M; adjusted EPS $1.00; completes Illinois branch sale

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/712534/000071253425000041/0000712534-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253425000041/frme-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-25-000041
- JSON: https://secwatch.observer/filing/0000712534-25-000041.json
- Plain text: https://secwatch.observer/filing/0000712534-25-000041.txt

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