First Merchants Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
For the year, the company reported net interest income $338,857,000 against $277,284,000 a year ago. Net income available to common stockholders $159,139,000 against $96,070,000 a year ago. Basic net income available to common stockholders $3.23 against $2.13 a year ago. Diluted net income available to common stockholders $3.22 against $2.12 a year ago.
The company announced net charge-offs for the fourth quarter ended December 31, 2018. For the quarter, the company reported net charge-offs $482,000 against recoveries $122,000 a year ago.