First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share

MUNCIE, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Net income available to common stockholders was $39.5 million and diluted earnings per common share totaled$.68 in the second quarter of 2024, compared to $60.4 million and$1.02 in the second quarter of 2023, and $47.5 million and$.80 in the first quarter of 2024. Strong capital position with Common Equity Tier 1 Capital Ratio of 11.02 percent. Net interest margin totaled 3.16 percent compared to 3.10 percent on a ...