First Merchants Corp (NAS:FRME)
$ 33.33 0.13 (0.39%) Market Cap: 1.95 Bil Enterprise Value: 2.20 Bil PE Ratio: 9.61 PB Ratio: 0.89 GF Score: 78/100
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Q1 2019 First Merchants Corp Earnings Call Transcript

Apr 25, 2019 / 06:30PM GMT
Release Date Price: $36.75 (-4.40%)
Operator

Good day, and welcome to the First Merchants First Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Michael Rechin, President and Chief Executive Officer. Please go ahead.

Michael C. Rechin
First Merchants Corporation - President, CEO & Director

Thank you, Allison. Welcome to our earnings conference call and webcast for the first quarter ending March 31, 2019. Joining me today are Mark Hardwick, our Chief Operating Officer and Chief Financial Officer; along with John Martin, our Chief Credit Officer.

First Merchants released our earnings in a press release this morning at approximately 8 a.m. Eastern Time, and our presentation speaks to the material from that release. The directions that point to the webcast were also contained at the back end of the release, and my comments are going to begin on Page 4, a slide titled first quarter 2019 highlights.

So the company reported earnings of $38.8 million of net income, a 5.8%

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