secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000712534-26-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253426000032/0000712534-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253426000032/frme-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000712534-26-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer