First Merchants Corp (FRME) Reports In-Line Q1 EPS
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April 23, 2020 8:00 AM EDT
MUNCIE, Ind., April 23, 2020 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported first quarter 2020 net income of $34.3 million compared to $38.8 million during the same period in 2019. Earnings per share for the period totaled $.62 per share compared to the first quarter of 2019 result of $.78 per share.
Total assets equaled $12.7 billion as of quarter-end and loans totaled $8.6 billion. The Corporations loan portfolio increased by $1.3 billion, or 17.9 percent, during the past twelve months. Total deposits equaled $9.9 billion as of quarter-end and increased by $1.8 billion, or 22.6 percent over the same period in 2019. Of the increases, our acquisition of... More
