First Merchants completes $2.4B First Savings acquisition; Q3 net income rises 20.3% to $68.3M

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Oct 30, 2025 · ~1 min read

Key Changes

• high

  Completed the $2.4 billion First Savings acquisition on Feb 1, 2026, adding $1.8 billion in loans and $1.7 billion in deposits, funded with $243.2 million in equity.

  MD&A: First Savings acquisition verify on EDGAR →
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  Credit costs spiked: net charge-offs rose to $43.6 million for nine months (vs $12.4M prior year) and nonaccrual loans increased $45.6 million, driven by two commercial relationships.

  MD&A: Credit deterioration verify on EDGAR →
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  Q3 net income available to common stockholders was $67.8 million, up 20.5% YoY; diluted EPS $1.09, up 11.2%.

  MD&A: Net income and EPS verify on EDGAR →