Firstmerit Corp (FMER) Releases Earnings Results, Beats Expectations By $0.03 EPS

Firstmerit Corp (FMER) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.33. Analysts expectations of $257.30 million. During the same quarter in the previous year, the company posted $0.33 EPS.

Firstmerit Corp closed down -0.04 points or -0.19% at $20.79 with 5,18,728 shares getting traded on Wednesday. Post opening the session at $20.91, the shares hit an intraday low of $20.7001 and an intraday high of $20.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 24, 2015, Carlton E Langer (EVP, Chief Legal Officer, Secy) sold 1,000 shares at $20.67 per share price. According to the SEC, on Nov 9, 2015, Christopher J Maurer (Executive Vice President) sold 4,561 shares at $20.34 per share price. On Jun 15, 2015, Sandra E. Pierce (Vice Chairman) sold 6,000 shares at $20.79 per share price, according to the Form-4 filing with the securities and exchange commission.

FirstMerit Corporation is a bank holding company. The Company’s business consists of owning and supervising its affiliates. The Company operates primarily through the Bank and its other subsidiaries providing a range of banking fiduciary financial insurance and investment services to corporate institutional and individual customers. It operates in four segments: Commercial Retail Wealth and Other. The Commercial segment provides a range of lending depository and related financial services. The Retail segment includes consumer lending and deposit gathering residential mortgage loan origination and servicing and branch-based small business banking. The Wealth segment offers an array of asset management private banking financial planning estate settlement and administration credit and deposit products and services. The Other segment includes activities of the parent company eliminations companies community development operations and the treasury group.

Firstmerit Corp

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