First Merchants Corp Announces 32 Percent Increase in 1st Quarter Earnings
By: Clare Leonard— Muncie, IN—First Merchants Corporation (NASDAQ – FRME) has reported first quarter 2018 net income of $36.7 million, an increase of 58 percent, compared to $23.2 million during the same period in 2017. Earnings per share for the period totaled $.74 per share, an increase of 32 percent, compared to the first quarter of 2017 result of $.56 per share. The increase in net income was driven by several factors including strong core banking performance, two acquisitions that…
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