First Merchants Q2 2023 Earnings Report

Reported earnings per share for the second quarter of 2023.

Key Takeaways

First Merchants Corporation reported a strong second quarter in 2023, with net income available to common stockholders at $60.4 million and diluted earnings per common share at $1.02. Adjusted net income was also $60.4 million, with adjusted diluted earnings per share at $1.02. The company saw loan growth and maintained a strong capital position.

Net income available to common stockholders was $60.4 million, with diluted earnings per common share of $1.02.

Adjusted net income was $60.4 million, and adjusted diluted earnings per share totaled $1.02.

The company maintained a strong capital position with a Common Equity Tier 1 Capital Ratio of 11.07 percent.

Total loans grew by $46.7 million, or 1.5 percent annualized on a linked quarter basis.