NEWS

CLEVELAND, Ohio – First Merchants Bank was recognized by Crain’s Cleveland Business as one of the Best Employers across the entire state of Ohio in 2022. This achievement is based on strong scores for company policies and employee engagement as well as employee benefits and satisfaction.

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.

First Merchants Bank announced today it has been recognized by Comparably for Best Leadership Team. This annual award identifies leaders and leadership teams who are driving positive cultural change across companies large and small. First Merchants Bank was selected by Comparably as being in the top 5% of all financial services companies evaluated for their leadership qualities.

We’re making a difference, one family at a time. First Merchants Bank is a proud partner of Habitat for Humanity chapters across our service area.

All good salespeople got their start somewhere. Whether it was selling lemonade at a sidewalk stand, a first high school job, or practicing in a classroom, these hands-on experiences are foundational to helping young professionals thrive, grow, and learn.