First Merchants Corp (FRME) Misses Q1 EPS by 1c

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Go back to First Merchants Corp (FRME) Misses Q1 EPS by 1c

First Merchants Corporation Announces 5.4 Percent Increase in First Quarter 2019 Earnings Per Share

April 25, 2019 8:01 AM EDT

MUNCIE, Ind., April 25, 2019 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported first quarter 2019 net income of $38.8 million, an increase of 5.8 percent, compared to $36.7 million during the same period in 2018.  Earnings per share for the period totaled $.78 per share, an increase of 5.4 percent, compared to the first quarter of 2018 result of $.74 per share.

Total assets equaled $10.2 billion as of quarter-end and loans totaled $7.3 billion.  The Corporations loan portfolio increased by $397 million, or 5.7 percent, during the past twelve months.  Investments increased $319 million, or 20.7 percent, during the same period and now total $1.9 billion.  Total... More