First Merchants Corp (FRME) Tops Q3 EPS by 3c

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First Merchants Corporation Announces 66 Percent Increase in Third Quarter 2018 Earnings Per Share

October 24, 2018 8:00 AM EDT

MUNCIE, Ind., Oct. 24, 2018 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported third quarter 2018 net income of $41.1 million, an increase of 69 percent, compared to $24.4 million during the same period in 2017.  Earnings per share for the period totaled $.83, an increase of 66 percent, compared to the third quarter of 2017 result of $.50 per share.  Net income for the nine months ended September 30, 2018 totaled $117.4 million, compared to $71.7 million during the same period in 2017.  Year-to-date earnings per share totaled $2.37, an increase of $.74 per share, or 45 percent, over the same period in 2017. The increase in net income was driven by several key factors including... More