First Merchants Corporation (NASDAQ:FRME) Q2 2023 Earnings Conference Call July 25, 2023 11:30 AM ET
Company Participants
Mark Hardwick - Chief Executive Officer
Mike Stewart - President
Michele Kawiecki - Chief Financial Officer
John Martin - Chief Credit Officer
Conference Call Participants
Ben Gerlinger - Hovde Group
Nathan Race - Piper Sandler
Daniel Tamayo - Raymond James
Terry McEvoy - Stephens Inc
Brian Martin - Janney
Damon DelMonte - KBW
Operator
Good day, and thank you for standing by. Welcome to the First Merchants Corporation Second Quarter 2023 Earnings. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to the future performance and financial condition of First Merchants Corporation that involve risks and uncertainties. Further information is contained within the press release, which we encourage you to review.
Additionally, management may refer to non-GAAP measures, which are intended to supplement, but not substitute for the most directly comparable GAAP measures. The press release available on the website contains financial and other quantitative information to be discussed today as well as reconciliation of GAAP to non-GAAP measures.
I would now like to hand a conference over to the Chief Executive Officer, Mark Hardwick. Please proceed.
Mark Hardwick
Well, good morning, and welcome to the First Merchants second quarter 2023 conference call. Carmen, thank you for the introduction and for covering the forward-looking statement on page two.
We released our earnings today at approximately 8 a.m. Eastern, and you can access today's slides by following the link on the second page of our earnings release or by going to our website through the Investor Relations section.
On page three, you will see today's presenters and our bios to include President Mike Stewart, Chief Credit Officer, John Martin, and Chief Financial Officer, Michele Kawiecki.
On page four, you will see a map representing the geographic locations of our 119 banking centers, as well as a few financial highlights as of 6/30, June 30 of 2023.
Turning to slide five, I'm happy to report that our performance remains healthy and strong, and our teams continue to meet the demands of our communities and our client base.
We reported second quarter 2023 earnings per share of $1.02 compared to $0.63 per share in the second quarter of 2022, or $1.01 when adjusted for a couple of extraordinary items, last year to include our acquisition of Level One.