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Mar 31, 2024
First Merchants Q1 2024 Earnings Report
Announced first quarter earnings per share.
Key Takeaways
First Merchants Corporation reported a net income available to common stockholders of $47.5 million and diluted earnings per common share of $0.80 for the first quarter of 2024. Excluding non-core charges, net income was $50.1 million and diluted earnings per share was $0.85. The company saw relative stabilization of its net interest margin during the quarter and maintained a strong capital position.
Net income available to common stockholders was $47.5 million, with diluted earnings per common share totaling $0.80.
Excluding non-core charges, net income was $50.1 million and diluted earnings per common share was $0.85.
Total loans declined $24.3 million, or 0.8 percent annualized on a linked quarter basis.
Total deposits increased $63.1 million, or 1.7 percent annualized on a linked quarter basis.
First Merchants
First Merchants
Forward Guidance
No specific forward guidance was provided in the earnings report.