First Merchants Corp

Stage 2 advance retains bullish structural integrity under an accelerating Parabola pattern, but overbought conditions and an exhaustion candle at recent highs signal near-term fatigue. With a stability-oriented strategy, optimal engagement is deferred—targeting a disciplined pullback into the rising 9/21 EMA zone before committing.

• ↑Q1 net income $27.7M; adjusted EPS +9.6% to $1.03 driven by commercial loans
• ↑Authorized $100M buyback; repurchased $24.9M in Q1, boosting capital returns
• ↓Growth and profitability metrics remain weak, suggesting revenue and cost challenges