First Merchants Corp (FRME) Misses Q4 EPS by 4c

First Merchants Corp (NASDAQ: FRME) reported Q4 EPS of $0.89, $0.04 worse than the analyst estimate of $0.93.

Total assets equaled $15.5 billion as of year-end and loans totaled $9.3 billion. The Corporation experienced organic loan growth of $566 million, or 6.6 percent, during 2021. This was offset by the forgiveness of Paycheck Protection Program (“PPP”) loans of $560 million, resulting in net loan growth of $6 million. Investments increased $1.4 billion, or 43.8 percent, during the year and now total $4.5 billion. Total deposits equaled $12.7 billion as of year-end and increased by $1.4 billion, or 12.1 percent, during 2021.

For earnings history and earnings-related data on First Merchants Corp (FRME) click here.

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