FIRST MERCHANTS CORP (FRME) Form 8-K — Oct 21, 2026
First Merchants Corporation reported Q3 2026 net income available to common stockholders of $67.8 million, or $1.09 per diluted share, up 11% from $0.98 a year earlier, as fully taxable equivalent net interest margin expanded 6 basis points to 3.44%. The quarter featured 4.2% annualized linked-quarter deposit growth and 1.8% annualized loan growth, while the company resolved the two commercial credits flagged last quarter via $29.4 million of charge-offs, keeping nonperforming assets stable at 0.57% of total assets. CET1 stands at 11.22% and the company completed a $100 million subordinated debt issuance while repurchasing $12.0 million of stock in the quarter.
Key figures
- Eps
- 1.09
- Revenue
- 199073000
- Net Income
- 67800000
- Total Debt
- 0
- Total Assets
- 21100000000
- Efficiency Ratio
- 54.55%
- Net Interest Margin
- 3.44% FTE, up 6 bps QoQ and 20 bps YoY
- Shares Outstanding
- 62210134
- Acl Ratio
- 1.38% of loans
- Npa Ratio
- 0.57% of total assets
- Tce Ratio
- 8.83%
- Cet1 Ratio
- 11.22%
- Adjusted EPS
- $1.10
- Adjusted PTPP
- $83.7 million
- Net Charge Offs
- $29.4 million (0.75% annualized)
- Q3 Repurchases
- 287,431 shares for $12.0 million
- Ytd Repurchases
- 1,264,062 shares for $50.3 million
- Sub Debt Issuance
- $100 million completed late September
- Loan Growth Linked Quarter
- $70.2 million (1.8% annualized)
- Deposit Growth Linked Quarter
- $175.6 million (4.2% annualized)
AI analysis
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