First Merchants Corporation Announces Second Quarter 2022 Earnings Per Share

July 26, 2022
Second Quarter Financial Results: First Merchants Corporation (the “Corporation”) has reported second quarter 2022 net income available to common stockholders of $38.5 million compared to $55.6 million during the same period in 2021. Diluted earnings per common share for the period totaled $.63 per share compared to the second quarter of 2021 result of $1.03 per share. Current quarter results included acquisition costs of $29.3 million resulting in a reduction of $.38 of diluted earnings per common share. The acquisition costs primarily consist of employee retention bonuses and severance, contract termination charges, professional fees, and current expected credit losses (“CECL”) Day 1 provision expense.

Forbes Names First Merchants Bank Among Indiana’s Best for Customer Experience

June 27, 2022
MUNCIE, Ind. – On June 21st, 2022, Forbes recognized First Merchants Bank as among the best banks in Indiana, an honor Forbes bestows to only the top 2.7% of banks nationally. Using Statista as its survey research firm, Forbes identified the best banks in every state by extensively surveying bank customers about the quality of the customer experience and services provided by their banks. Forbes publishes the results to better inform people about which banks provide exceptionally superior service over a full range of needs: branch services, digital services, customer service, financial advice, trustworthiness, and terms & conditions.