Firstmerit Corp (FMER) Reports In-Line Q3 EPS

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Go back to Firstmerit Corp (FMER) Reports In-Line Q3 EPS

FirstMerit Reports Third Quarter 2015 EPS of $0.34 Per Share

October 27, 2015 7:31 AM EDT

AKRON, Ohio, Oct. 27, 2015 /PRNewswire/ --  

Quarterly Highlights include:

Profitability Sustained: 66th consecutive quarter of profitability. Loan growth continued: Total loan growth of $94.2 million, or 0.60% from the prior quarter. Credit quality remained solid: Net charge-offs to average originated loans of 0.24%. Balance sheet remained strong: Strong tangible common equity ratio1 at 8.31%.

FirstMerit Corporation (Nasdaq: FMER) (the "Corporation") reported third quarter 2015 net income of $59.0 million, or $0.34 per diluted share.  This compares with $56.6 million, or $0.33 per... More