First Merchants (FRME) Posts Q4 GAAP EPS of 37c

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Go back to First Merchants (FRME) Posts Q4 GAAP EPS of 37c

First Merchants Corporation Announces Record 2015 Net Income

January 28, 2016 10:07 AM EST

MUNCIE, Ind.--(BUSINESS WIRE)-- First Merchants Corporation (NASDAQ: FRME) has recorded 2015 record net income of $65.4 million, an increase of $5.2 million over 2014 net income of $60.2 million. Earnings per share totaled $1.72, an increase of $.07 and 4.2 percent over 2014 earnings per share of $1.65.

Net income in the 4th quarter of 2015 totaled $14.2 million compared to $15.3 million in the 4th quarter of 2014. Earnings per share for the 4th quarter of 2015 declined by $.04 totaling $.37, compared to $.41 per share in the 4th quarter of 2014. Included in the 4th quarter 2015 results were $.07 of one-time expenses related to the closing of our Ameriana Bancorp... More