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Jun 30, 2021
First Merchants Q2 2021 Earnings Report
Reported record setting net income for the second quarter of 2021.
Key Takeaways
First Merchants Corporation reported a strong second quarter in 2021, with net income reaching $55.6 million, a significant increase from $33 million in the same period of 2020. Earnings per share rose to $1.03, compared to $0.62 in the second quarter of the previous year. The corporation experienced organic loan growth and an increase in net-interest income, reflecting healthy financial performance and effective management.
Net income for the second quarter of 2021 was $55.6 million, up from $33 million in Q2 2020.
Earnings per share reached $1.03, compared to $0.62 in the same quarter last year.
Organic loan growth was 6.7 percent annualized in the second quarter of 2021.
Net-interest income increased by $11.2 million, or 12.1 percent, compared to Q2 2020.
First Merchants
First Merchants
First Merchants Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.comNoninterest Income Revenue
CapyFin.com Forward Guidance
The management team is optimistic about the future, citing healthy levels of loan growth, earning asset growth, credit quality, capital levels, and efficiency as key factors.
Positive Outlook
- Healthy levels of loan growth
- Earning asset growth
- Credit quality
- Capital levels
- Efficiency