First Merchants Q1 Adjusted EPS $1.03; Completes First Savings Acquisition

First Merchants Corporation reported Q1 2026 net income available to common stockholders of $27.7 million, or $0.45 per diluted share. On an adjusted basis, net income was $63.1 million, or $1.03 per diluted share, an increase from the prior quarter. The company successfully completed the acquisition of First Savings Financial Group, Inc. on February 1, 2026, adding $2.4 billion in assets. The quarter's results included $17.0 million in acquisition costs and a $29.8 million mark-to-market loss on mortgage loans moved to held-for-sale, impacting reported earnings.