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Last $18.50 USD
Change Today -0.24 / -1.28%
Volume 661.1K
FMER On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:09 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

firstmerit corp (FMER) Snapshot

Open
$18.71
Previous Close
$18.74
Day High
$18.88
Day Low
$18.38
52 Week High
06/26/15 - $21.49
52 Week Low
01/29/15 - $16.26
Market Cap
3.1B
Average Volume 10 Days
1.5M
EPS TTM
$1.41
Shares Outstanding
165.8M
EX-Date
05/28/15
P/E TM
13.1x
Dividend
$0.64
Dividend Yield
3.47%
Current Stock Chart for FIRSTMERIT CORP (FMER)

firstmerit corp (FMER) Related Businessweek News

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firstmerit corp (FMER) Details

FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers. The company’s Commercial segment offers commercial term loans, revolving credit arrangements, asset-based lending, leasing, commercial mortgages, real estate construction lending, and letters of credit, as well as treasury management, government banking, international banking, merchant card, and other depository products and services. Its Retail segment provides retail financial products and services, including consumer direct and indirect installment loans, debit and credit cards, debit gift cards, residential mortgage loans, home equity loans and lines of credit, deposit products, fixed and variable annuities, and ATM network services. This segment also offers deposit products comprising checking, savings, and money market accounts, as well as certificates of deposit. The company’s Wealth segment provides trust and investment services, such as personal trust and planning, investment management, estate settlement, and administration services; retirement plan services; retail mutual funds, other securities, variable and fixed annuities, personal disability and life insurance products, and brokerage services; and private banking services, which comprise credit, deposit, and asset management solutions. As of December 31, 2014, it operated a network of 383 banking offices and 411 automated teller locations, which included 149 branches in Ohio; 44 branches in Chicago, Illinois; 140 Michigan branches; 46 Wisconsin branches; and 4 branches in Western Pennsylvania, as well as a loan production office in Indianapolis, Indiana. FirstMerit Corporation was founded in 1855 and is headquartered in Akron, Ohio.

4,017 Employees
Last Reported Date: 07/31/15
Founded in 1855

firstmerit corp (FMER) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $465.8K
Vice Chairman, Chairman of Firstmerit Michiga...
Total Annual Compensation: $556.9K
Chief Credit Officer and Senior Executive Vic...
Total Annual Compensation: $465.8K
Vice Chairman and Chief Commercial Banking Of...
Total Annual Compensation: $395.9K
Compensation as of Fiscal Year 2014.

firstmerit corp (FMER) Key Developments

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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FMER:US $18.50 USD -0.24

FMER Competitors

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Industry Analysis

FMER

Industry Average

Valuation FMER Industry Range
Price/Earnings 13.5x
Price/Sales 3.1x
Price/Book 1.1x
Price/Cash Flow 13.0x
TEV/Sales 0.0x
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