FRME News & Events

Reports Q1 tangible book value per share $29.34. Reports Q1 CET1 capital ratio 11.22%. "First Merchants delivered a strong start to 2026, highlighted by solid adjusted earnings growth, expanding net interest margin, and continued strength in commercial loan production," said Mark Hardwick, CEO. "We successfully closed the acquisition of First Savings, adding $2.4 billion in assets and further strengthening our statewide Indiana presence while enhancing our ability to serve clients across Indiana, Ohio, and Michigan. Our capital, liquidity, and credit quality remain very strong, positioning us well for continued growth and long-term shareholder value creation."

Spiral announced a partnership with First Merchants Bank. The partnership will enable First Merchants Bank to strengthen its vision of enhancing the financial wellness of the diverse communities it serves by growing and retaining deposits at a low cost while delivering innovative, personalized digital experiences. With Spiral, customers can effortlessly save for their financial goals through everyday purchases and digital banking, while also supporting local nonprofits and community causes.

First Merchants (FRME) and First Savings Financial (FSFG) have finalized a merger of the two companies. Following regulatory approvals last month, the companies consummated their legal closing through a stock transaction effective February 1, 2026. As previously announced in late 2025, First Savings Bank will also merge with and into First Merchants Bank. "This merger strengthens our ability to serve Indiana communities with expanded capabilities and the same genuine, relationship-focused approach our customers expect," said Mark Hardwick, CEO of First Merchants Corporation. "First Savings Bank shares our commitment to community, culture, and long-term value, and together we are building a stronger, more diversified organization for the future."