First Merchants Corp (FRME) Tops Q3 EPS by 2c

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Go back to First Merchants Corp (FRME) Tops Q3 EPS by 2c

First Merchants Corporation Announces Record Third Quarter 2016 Results

October 25, 2016 10:42 AM EDT

MUNCIE, Ind.--(BUSINESS WIRE)-- First Merchants Corporation (NASDAQ - FRME) reported record third quarter 2016 net income of $21.1 million, compared to $17.1 million during the third quarter of 2015. Earnings per share for the period totaled a record $.51 per share, an increase of $.06 per share, or 13.3 percent, over the same period in 2015. Year-to-date net income totaled a record $58.8 million, compared to $51.2 million during the same period in 2015. Earnings per share for the nine months ended September 30, 2016 totaled a record $1.43 per share, an increase of $.08 per share or 5.9 percent, over same period in 2015.

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