secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000712534-25-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253425000110/0000712534-25-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253425000110/frme-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000712534-25-000110

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