First Merchants Corporation Announces First Quarter 2024 Earnings Per Share

April 25, 2024

https://www.globenewswire.com/news-release/2024/04/25/2869609/0/en/First-Merchants-Corporation-Announces-First-Quarter-2024-Earnings-Per-Share.html

MUNCIE, Ind., April 25, 2024 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME)

First Quarter 2024 Highlights:

Mark Hardwick, Chief Executive Officer, stated, “Given the length and severity of the inverted yield curve, we were pleased to see relative stabilization of our net interest margin during the quarter. Capital, liquidity, the allowance for credit losses and earnings are strong and supported share repurchase activity during the quarter of $30 million, as well as, the redemption of $40 million in sub-debt.” Hardwick added, “Three of our four major technology initiatives have also been deployed to include in-branch account opening, consumer online and mobile upgrades, and a new Private Wealth platform.”

Read more at globenewswire.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.