{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-26-000056","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2026-07-22T20:12:30+00:00","discovered_at":"2026-07-22T20:14:00.257169+00:00","generated_at":"2026-07-22T20:14:14.423644+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"First Merchants Q2 EPS $0.70, down from $0.98 YoY; credit deterioration drives $33M provision","bullets":["Net income available to common stockholders $43.5M ($0.70 diluted EPS) vs $56.4M ($0.98) in Q2 2025; adjusted EPS $0.74.","Net interest margin 3.38%, up 3 bps QoQ and 13 bps YoY; loan growth $221.7M (5.8% annualized).","Two commercial relationships ($41.8M) placed on nonaccrual; provision for credit losses $33.0M; NPA ratio 0.56% (up from 0.43%).","Completed First Savings systems conversion; deposits grew $267.8M (6.5% annualized).","Repurchased 336,145 shares for $13.4M in Q2; CET1 ratio 11.16%."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-26-000056","json":"https://secwatch.observer/filing/0000712534-26-000056.json","markdown":"https://secwatch.observer/filing/0000712534-26-000056.md","text":"https://secwatch.observer/filing/0000712534-26-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253426000056/0000712534-26-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253426000056/frme-20260722.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-22T20:14:14.423644+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}