First Merchants Corporation Announces Record 2017 Results
By: Nicole M. Weaver— Muncie, IN—First Merchants Corporation (NASDAQ – FRME) reported record fourth quarter 2017 net income of $24.4 million, compared to $22.3 million during the fourth quarter of 2016. Earnings per share for the period totaled $.49 per share compared to $.55 during the same period in 2016. Our fourth quarter results included the impact of the recently enacted Tax Cuts and Jobs Act (the “TCJA”). Specifically, our federal income tax expense was elevated by $5.1 million, or…
Read More