---
schema_version: "secwatch.filing_event.v1"
accession: "0000712534-25-000110"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:30:09.458278+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000712534-25-000110
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712534/000071253425000110/0000712534-25-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000071253425000110/frme-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-25-000110
- JSON: https://secwatch.observer/filing/0000712534-25-000110.json
- Plain text: https://secwatch.observer/filing/0000712534-25-000110.txt

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