First Merchants Corp (FRME) Tops Q1 EPS by 15c

April 22, 2021 8:04 AM EDT

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First Merchants Corp (NASDAQ: FRME) reported Q1 EPS of $0.91, $0.15 better than the analyst estimate of $0.76.

Mark Hardwick, Chief Executive Officer, stated, “We have returned to the office and have reopened our lobbies to serve our customers in a more personal way. The vaccination progress and improved case numbers in our markets are cause for optimism. Our first quarter results were strong and I’m especially pleased to have produced a return on assets of 1.39 percent, return on tangible common equity of 15.87 percent and efficiency ratio of 50.23 percent. The current balance sheet and financial performance positions First Merchants to capitalize on future growth opportunities.”

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

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