NEWS

First Merchants Corporation (the “Corporation) has reported second quarter 2023 net income available to common stockholders of $60.4 million compared to $38.5 million during the same period in 2022. Diluted earnings per common share for the period totaled $1.02 per share compared to the second quarter of 2022 result of $.63 per share. Prior year results included acquisition costs related to the acquisition of Level One of $29.3 million resulting in a reduction of $.38 of diluted earnings per common share.

First Merchants Bank announced recognition from workplace culture site Comparably for career growth and leadership awards. The bank was selected out of 70,000 companies across the U.S. and won three awards during this quarter’s categories including Best Career Growth, Best Leadership Team, and Best CEOs for Women.

Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank.

First Merchants Bank has been recognized as one of the World’s Best Banks for 2023. First Merchants Bank ranked 31 out of 75 banks headquartered in the United States receiving this distinction and is the only Indiana headquartered bank to be recognized.

Mark Hardwick, Chief Executive Officer, stated, “Given the disruption in the banking industry, we are pleased to share a quarter-end balance sheet that reflects a very safe and sound institution with continued growth. Loans, Deposits, on-hand liquidity and capital all improved over year-end. We prioritized enhancing our liquidity position during the quarter while also meeting the demands of the customer base. Our team of bankers have been true brand ambassadors during the quarter by showing poise and confidence throughout the communities we serve. We remain focused on delivering our plan for the year.”