First Merchants Corp (FRME) Tops Q3 EPS by 1c

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Go back to First Merchants Corp (FRME) Tops Q3 EPS by 1c

First Merchants Corporation Announces Third Quarter 2015 Earnings Per Share

October 22, 2015 9:09 AM EDT

MUNCIE, Ind.--(BUSINESS WIRE)-- First Merchants Corporation (NASDAQ: FRME) has reported third quarter 2015 net income of $17.1 million, compared to $16.1 million during the third quarter of 2014. Earnings per share for the period totaled $.45 per share equaling the third quarter of 2014. Year-to-date net income totaled $51.2 million, compared to $44.9 million during the same period in 2014. Earnings per share for the nine months ended September 30, 2015 totaled $1.35 per share, an increase of $.11 per share or 8.9 percent over the same period in 2014.

Total assets reached $6.2 billion as of quarter-end and loans totaled $4.3 billion. The Corporations loan portfolio... More