First Merchants reports Q1 adjusted EPS $1.03, consensus 97c

Reports Q1 tangible book value per share $29.34. Reports Q1 CET1 capital ratio 11.22%. “First Merchants (FRME) delivered a strong start to 2026, highlighted by solid adjusted earnings growth, expanding net interest margin, and continued strength in commercial loan production,” said Mark Hardwick, CEO. “We successfully closed the acquisition of First Savings, adding $2.4 billion in assets and further strengthening our statewide Indiana presence while enhancing our ability to serve clients across Indiana, Ohio, and Michigan. Our capital, liquidity, and credit quality remain very strong, positioning us well for continued growth and long-term shareholder value creation.”