First Merchants Corp (FRME) Tops Q1 EPS by 1c

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Go back to First Merchants Corp (FRME) Tops Q1 EPS by 1c

First Merchants Corporation Announces First Quarter 2015 Earnings Per Share Increase of 13 Percent

April 23, 2015 9:40 AM EDT

MUNCIE, Ind.--(BUSINESS WIRE)-- First Merchants Corporation (NASDAQ: FRME) has reported first quarter 2015 net income of $16.2 million, compared to $13.6 million during the same period in 2014. Earnings per share for the period totaled $.43 per share, an increase of $.05 per share, or 13.2 percent over the first quarter of 2014.

Total assets equaled $5.9 billion as of quarter-end and loans were $4.0 billion. The Corporations loan portfolio increased $349 million during the past twelve months. Of the increase, $204 million, or 5.6 percent, was the result of organic growth and $145 million resulted from the acquisition of Community Bank of Noblesville in November... More