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home / news releases / FRMEP - First Merchants: The Level One Acquisition Will Boost Earnings Power

FRMEP - First Merchants: The Level One Acquisition Will Boost Earnings Power

First Merchants Corporation Depository Shares each representing a 1/100th interest in a share of 7.50% Non-Cumulative Perpetual Preferred Stock A
  • First Merchants has built a quality loan book with less than 0.6% of the loans classified as past due.
  • The bank had to foreclose on a $5.8M loan in Q1 but does not expect to lose even a single dollar.
  • The stock is relatively expensive at 1.8 times TBV and 11 times earnings, but it for sure is a good shortlist candidate to keep an eye on.

For further details see:

First Merchants: The Level One Acquisition Will Boost Earnings Power
Stock Information
Company Name: First Merchants Corporation Depository Shares each representing a 1/100th interest in a share of 7.50% Non-Cumulative Perpetual Preferred Stock A
Stock Symbol: FRMEP
Market: NASDAQ
Website: firstmerchants.com
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