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.

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