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First Merchants Q1 Earnings Call Highlights [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
progress integrating the recently acquired First Savings Bank, while also acknowledging the quarter's results were affected by sizable one-time acquisition and balance sheet repositioning charges. Quarter results included acquisition costs and mortgage repositioning CEO Mark Hardwick said first quarter reported net income was $27.7 million, or $0.45 per diluted share. Results included “two notable non-core items,” including $17 million of one-time acquisition-related expenses tied to the Feb. 1 legal close of the First Savings acquisition. ? Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Hardwick also said the company “strategically repositioned $357 million of mortgage loans from held for investment to held for sale,” and expects to complete the sale by the end of the second quarter. The loans carry a weighted average coupon of 3.46%, and Hardwick said the liquidity will be used to “immediately pay down higher cost deposits,” with redeployment over time into
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