Talmer Bancorp (TLMR) Tops Q3 EPS by 3c

Talmer Bancorp (NASDAQ: TLMR) reported Q3 EPS of $0.26, $0.03 better than the analyst estimate of $0.23.

Talmer Bancorp President and CEO David Provost commented, "The third quarter was a busy quarter for Talmer as we completed the sales of our Wisconsin and New Mexico branches, completed the consolidation of our four Las Vegas branches, and continued to execute on our plan of improving our overall operating efficiency. I am particularly pleased with our robust organic loan growth, which was driven in large part by commercial and industrial lending. While loan growth should moderate some in the fourth quarter, our pipeline remains strong and I believe that we will be able to continue our organic loan growth for the foreseeable future. In addition, we made key hires during the quarter to bolster our asset-based lending team, which is particularly well suited to be responsive to the growing commercial lending opportunities within our footprint, and enhance our ability to drive earning asset and fee income growth. On the merger and acquisition front, the First of Huron acquisition we announced in August is on schedule to close in the first quarter of 2015, and we continue to be very active in looking at additional acquisition opportunities."

For earnings history and earnings-related data on Talmer Bancorp (TLMR) click here.

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