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Dec 31, 2019
First Merchants Q4 2019 Earnings Report
First Merchants' Q4 2019 results reflected increased net income and earnings per share compared to Q4 2018.
Key Takeaways
First Merchants Corporation reported a net income of $47.8 million for the fourth quarter of 2019, an increase from $41.7 million in the same period of 2018. Earnings per share rose to $0.87, compared to $0.85 in Q4 2018, which included one-time charges of $1.9 million related to the acquisition of Monroe Bank & Trust.
Net income for Q4 2019 was $47.8 million, up from $41.7 million in Q4 2018.
Earnings per share for Q4 2019 totaled $0.87, compared to $0.85 in Q4 2018.
Q4 2019 results included $1.9 million in one-time charges related to the Monroe Bank & Trust acquisition.
Total assets reached $12.5 billion and loans totaled $8.5 billion by year-end.
First Merchants
First Merchants
Forward Guidance
No specific forward guidance was provided in the press release.