---
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"
generated_at: "2026-07-22T20:14:14.423644+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Merchants Q2 EPS $0.70, down from $0.98 YoY; credit deterioration drives $33M provision

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712534-26-000056
- JSON: https://secwatch.observer/filing/0000712534-26-000056.json
- Plain text: https://secwatch.observer/filing/0000712534-26-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.