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Sep 30, 2022
First Merchants Q3 2022 Earnings Report
Reported earnings per share for the third quarter of 2022.
Key Takeaways
First Merchants Corporation reported a strong third quarter in 2022, with net income available to common stockholders of $63.3 million and diluted earnings per common share of $1.08. The company completed the system integration for the acquisition of Level One Bancorp, Inc. during the quarter. Loan growth continued, and asset quality metrics remained at historical lows.
Net income available to common stockholders was $63.3 million and diluted earnings per common share totaled $1.08.
Completed system integration for the acquisition of Level One Bancorp, Inc. during the quarter.
Adjusted net income available to common stockholders for the third quarter was $65.6 million and adjusted diluted earnings per common share totaled $1.12.
Net interest income totaled $140.3 million, an increase of $11.6 million, or 9.0% on a linked quarter basis
First Merchants
First Merchants
Forward Guidance
The release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to significant risks, assumptions and uncertainties that may cause results to differ materially from those set forth in forward-looking statements