First Merchants Corporation Announces First Quarter 2020 Earnings per Share
First Merchants Corporation (FRME)
Last first merchants corporation earnings: 4/23 08:00 am
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US:NASDAQ Investor Relations:
firstmerchants.com/news/2017/07/17/general/first-merchants-corporation-completes-its-merger-with-independent-alliance-banks-inc.
Company Research
Source: GlobeNewswire
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 Corporation’s 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 Monroe Bank & Trust (“MBT”), which closed on September 1, 2019, accounted for $733 million of loan growth and $1.1 billion of deposit growth. The resulting loan-to-deposit ratio of 87.2 percent and loan-to-asset ratio of 67.8 percent provides for fortress balance sheet levels of liquidity. The Co
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FRME
News
- First Merchants Co. (NASDAQ: FRME) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- First Merchants Co. (NASDAQ: FRME) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- First Merchants First Quarter 2024 Earnings: EPS: US$0.80 (vs US$1.07 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- First Merchants Corporation (NASDAQ:FRME) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- First Merchants Co. (NASDAQ: FRME) had its price target raised by analysts at Piper Sandler from $41.00 to $42.50. They now have an "overweight" rating on the stock.MarketBeat
FRME
Earnings
- 4/25/24 - Miss
FRME
Sec Filings
- 5/1/24 - Form 10-Q
- 4/25/24 - Form 13F-HR
- 4/25/24 - Form 8-K
- FRME's page on the SEC website