First Merchants Q2 net income falls 22.6% to $44.0M on higher credit costs and merger expenses

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~1 min read

Key Changes

• high

  Net income available to common stockholders fell 22.8% to $43.5M, with diluted EPS down 28.6% to $0.70, driven by higher provision for credit losses and merger costs.

  MD&A: Earnings verify on EDGAR →
• high

  Provision for credit losses jumped to $33.0M from $5.6M a year ago, including $29.7M of specific reserves on two commercial lending relationships placed on nonaccrual.

  MD&A: Credit Quality verify on EDGAR →
• high

  Completed acquisition of First Savings Financial Group on Feb 1, 2026, adding $2.4B assets, $1.8B loans, and $1.7B deposits for $243.2M in stock.

  MD&A: Acquisition verify on EDGAR →