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Sep 30, 2023
First Merchants Q3 2023 Earnings Report
Reported earnings per share for the third quarter of 2023.
Key Takeaways
First Merchants Corporation reported a net income available to common stockholders of $55.9 million and diluted earnings per common share of $0.94 for the third quarter of 2023. Total assets equaled $18.0 billion and loans totaled $12.3 billion.
Net income available to common stockholders was $55.9 million and diluted earnings per common share totaled $0.94.
Strong capital position with Common Equity Tier 1 Capital Ratio of 11.26 percent.
Total loans grew $4.9 million, or 0.2 percent annualized on a linked quarter basis.
Total deposits increased $65.4 million, or 1.8 percent annualized on a linked quarter basis.
First Merchants
First Merchants
Forward Guidance
First Merchants continued to deliver top quartile operating returns while tactically managing the inflationary, interest rate environment and are focused on meeting the demands of their customer base while planning for continued 2024 growth and performance.