First Merchants reports Q2 EPS of $0.70, takes $29.7M reserve on two nonaccrual credits

Filed July 22, 2026 · Period ending July 22, 2026 · ~2 min read

Key Changes

• high

  Two commercial credits totaling $41.8M placed on nonaccrual: a $28.1M wireless retailer participation and a $13.7M roofing contractor. Associated reserves of $29.7M drove provision to $33.0M, compressing EPS to $0.70 from $0.98 year-ago.

  Item 2.02 verify on EDGAR →
• high

  Nonperforming assets rose to 56 basis points of total assets from 43 basis points prior quarter. The two credits were placed on nonaccrual after quarter-end based on conditions existing at June 30, 2026.

  Exhibit 99.1 view on EDGAR →
• medium

  Organic loan growth of $221.7M (5.8% annualized) led by C&I ($113M) and CRE Non-Owner Occupied ($80M). Commercial pipelines remained strong at quarter-end.

  Exhibit 99.2 view on EDGAR →