Revenue Update on Firstmerit Corp(NASDAQ:FMER)

Firstmerit Corp(NASDAQ:FMER) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $252.85M. Analysts estimated a revenue of $258.24M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.34.

Firstmerit Corp (FMER) made into the market gainers list on Fridays trading session with the shares advancing 0.57% or 0.12 points. Due to strong positive momentum, the stock ended at $21.23, which is also near the day’s high of $21.3098. The stock began the session at $21.04 and the volume stood at 14,86,417 shares. The 52-week high of the shares is $23.15 and the 52 week low is $15.33. The company has a current market capitalization of $3,535 M and it has 16,64,90,890 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 24, 2015, Carlton E Langer (EVP, Chief Legal Officer, Secy) sold 1,000 shares at $20.67 per share price.Also, 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.

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