First Merchants Q1 2026 adjusted EPS $1.03, up 9.6% YoY; acquires First Savings

FIRST MERCHANTS CORP

2026-Q1 EPS reported $0.45

GAAP diluted EPS $0.45; adjusted diluted EPS $1.03, up 9.6% YoY from $0.94.
Closed acquisition of First Savings on Feb 1, adding $2.4B assets and $1.8B loans.
Net interest margin expanded 13 bps YoY to 3.35%; net interest income $151.3M (+16.1% YoY).
Repurchased 640,486 shares for $24.9M in Q1; CET1 ratio 11.22%.
Non-core charges: $17M acquisition costs and $29.8M mark-to-market loss on loans reclassified to HFS.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST MERCHANTS CORP reported first quarter ended March 31, 2026 results: net income net income available to common stockholders was $27.7 million, EPS $0.45 per diluted share.

Period: first quarter ended March 31, 2026
Net income: net income available to common stockholders was $27.7 million
EPS: $0.45 per diluted share
Result: reported results

Exact text from the filing

FIRST QUARTER 2026 RESULTS First Merchants Corporation (NASDAQ - FRME) (the "Corporation") First Quarter 2026 Highlights: • Net income available to common stockholders was $27.7 million, or $0.45 per diluted share, compared to $56.6 million, or $0.99 per diluted share, in the fourth quarter of 2025. On an adjusted basis 1 , net income totaled $63.1 million, or

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Source: SEC EDGAR

accession 0000712534-26-000032

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