trending Market Intelligence /marketintelligence/en/news-insights/trending/D_dd-_O_VW4b9uk4e5PC-g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

First Merchants reports lower Q3 net income on merger expenses

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

First Merchants reports lower Q3 net income on merger expenses

First Merchants Corp. reported third-quarter net income available to common stockholders of $36.8 million, or 71 cents per share, down from $41.1 million, or 83 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was 78 cents.

The earnings results were affected by $11.2 million, or 17 cents per share, of one-time charges connected to First Merchants closing its acquisition of MBT Financial Corp. in September.

Total deposits at the Muncie, Ind.-based bank as of Sept. 30 stood at $9.77 billion, up from $8.32 billion as of June 30 and $7.63 billion a year ago.

Net loans at the end of the most recent quarter were $8.22 billion, up from $7.43 billion at the end of the previous quarter and $7.01 billion as of Sept. 30, 2018.

Net interest income in the third quarter was $88.9 million, up from $86.5 million in the year-ago quarter.

Net interest margin on a fully taxable equivalent basis was 3.62% in the third quarter, down from 4.05% in the prior-year quarter.

Provision for loan losses amounted to $600,000 for the most recent quarter, down from $1.4 million in the comparable period last year.