First Merchants Q1 EPS $0.94 vs adjusted $0.85 a year ago; loan growth 4.8% annualized

FIRST MERCHANTS CORP

2025-Q1 EPS reported $0.94

Net income available to common stockholders $54.9M; diluted EPS $0.94; adjusted EPS in Q1 2024 was $0.85.
Total loans grew $154.9M (4.8% annualized) linked quarter; total deposits declined $59.6M (1.6% annualized).
Net interest margin 3.22%, down 6bp from Q4 2024 but up 12bp YoY; efficiency ratio 54.54%.
CET1 ratio 11.50%; total risk-based capital 13.22%; repurchased 246,751 shares for $10M YTD.
Nonperforming assets to total assets 0.47%, up 4bp linked quarter; net charge-offs $4.9M.

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