First Merchants Corporation Announces Third Quarter 2026 Results
First Merchants reported Q3 2026 net income available to common of $67.8 million, or $1.09 per diluted share, up 11% from $0.98 a year earlier, with adjusted EPS of $1.10. Net interest margin (FTE) expanded 6 bps sequentially to 3.44% (up 20 bps YoY), and the bank grew loans $70.2 million (1.8% annualized) and deposits $175.6 million (4.2% annualized) on a linked-quarter basis. Net charge-offs of $29.4 million (0.75% annualized) resolved two previously reserved commercial credits, leaving NPAs stable at 0.57% of assets. The board announced that President Mike Stewart will succeed Mark Hardwick as CEO upon his retirement at year-end 2026.
Key figures
- Eps
- 1.09
- Revenue
- 199073000
- Revenue Yoy
- 19.8% (total revenue $199.1M vs $166.1M in Q3 2025)
- Nim fte
- 3.44%
- Npa ratio
- 0.57%
- Cet1 ratio
- 11.22%
- Total loans
- $15.6 billion
- Adjusted eps
- 1.1
- Total assets
- $21.1 billion
- Adjusted ptpp
- 83700000
- Loan growth lq
- $70.2 million (1.8% annualized)
- Total deposits
- $16.9 billion
- Acl loans ratio
- 1.38%
- Net charge offs
- 29400000
- Sub debt issued
- $100 million
- Efficiency ratio
- 54.55%
- Q3 buyback value
- 12000000
- Deposit growth lq
- $175.6 million (4.2% annualized)
- Q3 buyback shares
- 287431
- Ytd buyback value
- 50300000
- Ytd buyback shares
- 1264062
- Net interest income
- 161100000
- Nco ratio annualized
- 0.75%
- Net income to common
- 67847000
- Provision for credit losses
- 3300000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.