First Merchants Corporation Announces First Quarter 2024 Earnings Per Share [Yahoo! Finance]
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: Yahoo! Finance
Net income available to common stockholders was $47.5 million and diluted earnings per common share totaled $0.80 compared to $63.6 million and $1.07 in the first quarter of 2023, and $42.0 million and $0.71 in the fourth quarter of 2023. Net income and diluted earnings per common share, excluding non-core charges of $3.5 million incurred during the quarter, totaled $50.1 million and $0.85, respectively. Strong capital position with Common Equity Tier 1 Capital Ratio of 11.25 percent. Total loans declined $24.3 million, or 0.8 percent annualized on a linked quarter basis, but increased $346.4 million, or 2.8 percent during the last twelve months when excluding the impact of a non-relationship commercial loan portfolio sale of $116.6 million that occurred during the second quarter of 2023. Total deposits increased $63.1 million, or 1.7 percent annualized on a linked quarter basis, and $181.3 million, or 1.2 percent during the last twelve months. Net charge-offs totaled 7 basis
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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