DA Davidson Upgrades FirstMerit Corporation (FMER) to Buy

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FirstMerit Corp (FMER) Misses Q2 EPS by 2c

July 23, 2013 7:33 AM EDT

FirstMerit Corp (NASDAQ: FMER) reported Q2 EPS of $0.29, $0.02 worse than the analyst estimate of $0.31.

Net charge-offs to average originated loans decreased to 0.15% from 0.27% in the prior quarter; nonperforming assets as a percent of period end originated loans plus other real estate remained low at 0.72%.... More