NEWS

New data from First Merchants Bank reveals short-sighted spending trends among US adults. TV streaming services are taking precedence over retirement investments for budgeters, with 47% of people listing streaming as a top spending priority, while only 26% prioritize adding to retirement savings.

First Merchants Corporation (the “Corporation”) has reported third quarter 2024 net income available to common stockholders of $48.7 million compared to $55.9 million during the same period in 2023. Diluted earnings per common share for the period totaled $0.84 compared to the third quarter of 2023 result of $0.94. Excluding the $9.1 million pre-tax loss from repositioning of the available for sale securities portfolio, adjusted net income was $55.6 million, or $0.95 diluted earnings per common share for the third quarter of 2024.

First Merchants Bank announced recognition from workplace culture site Comparably for Best Work-Life Balance. The bank was selected out of 70,000 companies across the U.S. This marks the third Comparably recognition this year following categories including Best Career Growth, Best Leadership Team, and Best Work-Life Balance.

MUNCIE, IN—First Merchants Bank (Nasdaq: FRME), a high-performing and attentive bank in the Midwest, announced the addition of Justin Karvasky to the team as Senior Vice President, Corporate Controller.

First Merchants Bank (NASDAQ: FRME) is one of the select few regional banks to receive the TIME Magazine "America's Best Mid-Sized Companies” award.