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Sep 30, 2021
First Merchants Q3 2021 Earnings Report
Reported an increase in net income and earnings per share compared to the same period in 2020.
Key Takeaways
First Merchants Corporation reported a net income of $52.8 million for Q3 2021, a 45.7% increase compared to Q3 2020. Earnings per share totaled $0.98, up from $0.67 in the same period last year. The corporation experienced organic loan growth of $503.9 million over the last twelve months, which was offset by the forgiveness of PPP loans.
Net income increased by 45.7% compared to Q3 2020.
Earnings per share increased to $0.98 compared to $0.67 in Q3 2020.
Total assets equaled $15.1 billion as of September 30, 2021.
Net interest income for the quarter totaled $104.7 million, an increase of 12.7 percent from Q3 2020.
First Merchants
First Merchants
First Merchants Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.com Forward Guidance
The company remains optimistic about the remainder of 2021 and its ability to deliver high levels of performance in 2022.