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Last $17.29 USD
Change Today -0.17 / -0.97%
Volume 763.3K
FMER On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

firstmerit corp (FMER) Key Developments

FirstMerit Corporation Announces Cash Dividend on Preferred Stock Payable November 4, 2015

FirstMerit Corporation announced that its Board of Directors has declared 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 November 4, 2015, to shareholders of record on October 20, 2015.

FirstMerit Corporation Announces Quarterly Cash Dividend Payable September 21, 2015

FirstMerit Corporation announced that its Board of Directors has declared an increase in the company's quarterly dividend of 6.25% and has declared a quarterly cash dividend of $0.17 per share on the company's common stock, payable September 21, 2015, to shareholders of record on August 31, 2015.

U.S. Department of Commerce Names FirstMerit Corporation as Strategic Partner

FirstMerit Corporation announced that the company has signed a Strategic Partnership agreement with The U.S. Department of Commerce International Trade Administration. As a Strategic Partner, FirstMerit will support the International Trade Administration's mission of broadening and deepening the U.S. exporter base. As a Strategic Partner, FirstMerit will work with the Department of Commerce on programs of interest to FirstMerit customers covering topics such as exporting trends, geographic information and industry-specific intelligence.

FirstMerit Corporation Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter of 2015

FirstMerit Corporation reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income attributable to common shareholders of $54.6 million, or $0.33 per diluted share compared to $57.1 million, or $0.33 per diluted share, for the first quarter 2015 and $57.6 million, or $0.35 per diluted share, for the second quarter 2014. Returns on average common equity and average assets for the second quarter 2015 were 7.85% and 0.90%, respectively, compared with 8.08% and 0.93%, respectively, for the first quarter 2015 and 8.62% and 0.98%, respectively, for the second quarter 2014. The company reported total interest income of $199.4 million compared to $210.3 million, net interest income of $185.1 million compared to $195.6 million, income before income tax expense of $81.1 million compared to $85.5 million for the last year. For the six months, the company reported net income attributable to common shareholders of $109.8 million, or $0.66 per diluted share compared to $109.1 million, or $0.66 per diluted share, total interest income of $398.9 million compared to $418.2 million, net interest income of $370.7 million compared to $389.5 million, income before income tax expense of $163.6 million compared to $162.8 million for the last year. Book value per common share was $17.42 as on June 30, 2015 compared to $16.88 per share as on June 30, 2014 and tangible book value per common share was $11.95 as on June 30, 2015 compared to $11.33 per share as on June 30, 2014. For the second quarter of 2015, the company reported net charge-offs $6.7 million compared to $6.2 million in last year.

FirstMerit Corporation to Report Q2, 2015 Results on Jul 28, 2015

FirstMerit Corporation announced that they will report Q2, 2015 results at 7:30 AM, US Eastern Standard Time on Jul 28, 2015

 

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Industry Analysis

FMER

Industry Average

Valuation FMER Industry Range
Price/Earnings 12.5x
Price/Sales 2.9x
Price/Book 1.0x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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