First Merchants ticks up on higher quarterly profit

First Merchants

26/07/2021 16:19

** Shares of financial services holding company First
Merchants Corp  FRME.N  rise 1.3% to $40.66
    ** Posts Q2 profit of $55.6 mln vs $33 mln a year earlier
    ** CEO expresses optimism on levels of loan growth, asset
growth, credit quality and capital levels 
    ** Net interest income for the quarter totaled $104.3 mln,
an increase of 12.1%
    ** YTD, stock up 8.6% 

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))