First Merchants Corp (FRME) Tops Q2 EPS by 3c

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Go back to First Merchants Corp (FRME) Tops Q2 EPS by 3c

First Merchants Corporation Announces Record Second Quarter 2016 Results

July 26, 2016 9:34 AM EDT

MUNCIE, Ind.--(BUSINESS WIRE)-- First Merchants Corporation (NASDAQ: FRME) reported record second quarter 2016 net income of $20 million, an increase of 11.3 percent, compared to $18 million during the second quarter of 2015. Earnings per share for the period totaled a record $.49 per share, an increase of $.02 per share, or 4.3 percent, over the same period in 2015. Year-to-date net income totaled $37.7 million, compared to $34.1 million during the same period in 2015. Earnings per share for the six months ended June 30, 2016 totaled $.92 per share, an increase of $.02 per share, over same period in 2015.

Michael C. Rechin, President and Chief Executive... More