FirstMerit (FMER) Tops Q1 EPS by 3c

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Go back to FirstMerit (FMER) Tops Q1 EPS by 3c

FirstMerit Reports First Quarter 2015 EPS of $0.33 Per Share

April 28, 2015 7:30 AM EDT

AKRON, Ohio, April 28, 2015 /PRNewswire/ --

Quarterly Highlights include:

Profitability Sustained: 64th consecutive quarter of profitability. Loan growth continued: Total loan growth of $164.7 million, or 1.07% from the prior quarter. Credit quality remained solid: Net charge-offs to average originated loans of 0.13%; nonperforming assets as a percent of period end originated loans plus other real estate at 0.53%. Balance sheet remained strong: Strong tangible common equity ratio1 at 8.14%.

FirstMerit Corporation (Nasdaq: FMER) (the "Corporation") reported first... More