FirstMerit Corporation Announces Cash Dividend on Preferred Stock, Payable on February 4, 2015
Dec 10 14
The Board of Directors of FirstMerit Corporation announced a dividend of $14.69 per share, or $0.36725 per depository share, on the company's 5.875% non-cumulative perpetual preferred stock, Series A, payable February 4, 2015, to shareholders of record on January 20, 2015.
FirstMerit Corp. to Close Title Office Putting 55 Jobs in Jeopardy
Dec 4 14
FirstMerit Corp. will close a local title office early next year, and about 55 people could lose their jobs. The bank has told affected employees that its Canton office that handles mortgage title work will close as early as February 28, but it could be in March or April.
FirstMerit Corporation Announces Quarterly Cash Dividend Payable on December 15, 2014
Nov 20 14
The Board of Directors of FirstMerit Corporation announced a quarterly cash dividend of $0.16 per share on the company's common stock, unchanged from last quarter, payable December 15, 2014, to shareholders of record on December 1, 2014.
FirstMerit Corporation Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014
Oct 29 14
FirstMerit Corporation Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.
FirstMerit Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter of 2014
Oct 28 14
FirstMerit Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $208,197,000 compared to $217,497,000 a year ago. Net interest income was $193,578,000 compared to $203,340,000 a year ago. Income before income tax expense was $90,974,000 compared to $57,452,000 a year ago. Net income attributable to common shareholders was $61,910,000 or $0.37 per basic and diluted share compared to $38,936,000 or $0.23 per diluted share a year ago. Returns on average common equity and average assets for the third quarter 2014 were 9.03% and 1.03%, respectively, compared with 8.62% and 0.98%, respectively, for the second quarter 2014 and 6.07% and 0.67%, respectively, for the third quarter 2013.
For the nine months period, the company reported total interest income of $626,397,000 compared to $553,223,000 a year ago. Net interest income was $583,057,000 compared to $512,717,000 a year ago. Income before income tax expense was $253,761,000 compared to $181,373,000 a year ago. Net income attributable to common shareholders was $171,032,000 or $1.03 per basic and diluted share compared to $121,540,000 or $0.82 per diluted share a year ago. Book value per common share as at September 30, 2014 was $17.05 compared to $16.08 a year ago.
For the third quarter of 2014, the company reported net charge-offs of $5,929,000 compared to $2,877,000 a year ago.