Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Profit Increases for First Merchants

Tuesday, October 26, 2021 05:32 PM EDT
By Alex Brown
Profit Increases for First Merchants (photo courtesy of First Merchants Corp.)

Muncie-based First Merchants Corp. (Nasdaq: FRME) is reporting third quarter net income of $52.8 million, up from $36.2 million during the same period last year. Chief Executive Officer Mark Hardwick says the banking company is having a record year fueled by strong balance sheet growth and high levels of profitability.

The parent of First Merchants Bank is also reporting year-to-date net income of $158 million, compared to $104 million through the same period in 2020. Additionally, the company says it saw organic loan growth of nearly 6% during the third quarter.

“We remain optimistic about the remainder of 2021 and our ability to deliver high levels of performance in 2022,” Hardwick said in a news release.

You can view the full earnings report by clicking here.

Story Continues Below

Most Popular Stories

Perspectives

Decoding the need for an HR professional: When and what level to hire

Decoding the need for an HR professional: When and what level to hire

In today's fast-paced business landscape, the importance of human resources and its role in leading, hiring, coaching, engaging, and retaining employees cannot be overstated. HR professionals are the driving force behind an organization's success. However, determining when to hire an HR person and at what level can be a daunting task for businesses....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service