First Merchants Corp (FRME) Tops Q1 EPS by 15c

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Go back to First Merchants Corp (FRME) Tops Q1 EPS by 15c

First Merchants Corporation Announces First Quarter 2021 Earnings per Share

April 22, 2021 8:00 AM EDT

MUNCIE, Ind., April 22, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) has reported first quarter 2021 net income of $49.5 million compared to $34.3 million during the same period in 2020. Earnings per share for the period totaled $.91 per share compared to the first quarter of 2020 result of $.62 per share, an increase of $.29, or 47 percent.

Total assets equaled $14.6 billion as of quarter-end and loans totaled $9.3 billion. The Corporations loan portfolio increased by $711 million, or 8.3 percent, during the past twelve months. The increase was primarily due to Paycheck Protection Program (PPP) loans which accounted for $742 million of the quarter-end loan... More