FirstMerit Corp. Q2 Income Advances 9%

(RTTNews) - FirstMerit Corp. (FMER) released earnings for its second quarter that increased from last year.

The company said its bottom line climbed to $60.64 million, or $0.36 per share. This was up from $55.80 million, or $0.34 per share, in last year's second quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.9% to $252.85 million. This was down from $255.03 million last year.

FirstMerit Corp. earnings at a glance:

-Earnings (Q2): $60.64 Mln. vs. $55.80 Mln. last year. -Earnings Growth (Y-o-Y): 8.7% -EPS (Q2): $0.36 vs. $0.34 last year. -EPS Growth (Y-o-Y): 5.9% -Analysts Estimate: $0.34 -Revenue (Q2): $252.85 Mln vs. $255.03 Mln last year. -Revenue Change (Y-o-Y): -0.9%