First Merchants Corp (FRME) Tops Q4 EPS by 17c
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First Merchants Corporation Announces Fourth Quarter 2020 Earnings Per Share
January 28, 2021 8:00 AM ESTMUNCIE, Ind., Jan. 28, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported fourth quarter 2020 net income of $45.1 million compared to $47.8 million during the same period in 2019. Earnings per share for the period totaled $.83 per share compared to fourth quarter 2019 result of $.87 per share. Net income for the year ended December 31, 2020 totaled $148.6 million, compared to $164.5 million during the same period in 2019. Year-to-date earnings per share totaled $2.74 compared to $3.19 in 2019.
Total assets equaled $14.1 billion as of year-end and loans totaled $9.2 billion. The Corporations loan portfolio increased by $789 million, or 9.2 percent, during 2020. Paycheck Protection Program (PPP)... More
