Talmer Bank posts 1Q earnings


Staff report

YOUNGSTOWN

Michigan-based Talmer Bancorp Inc. on Wednesday reported first-quarter 2016 net income of $19.7 million, compared with $13.1 million for the fourth quarter of 2015 and $9.4 million for the first quarter of 2015.

Earnings per diluted common share were $0.28 for the first quarter of 2016, compared with $0.19 for the fourth quarter of 2015 and $0.12 for the first quarter of 2015.

Core earnings per diluted average share, a non-GAAP financial measurement, were $0.31 per diluted average common share for the first quarter of 2016, compared with $0.38 and $0.20 per diluted average common share for the fourth quarter of 2015 and the first quarter of 2015, respectively.

On April 27, the board of directors of Talmer declared a quarterly cash dividend on its Class A common stock of $0.05 per share. The dividend will be paid on May 25, to Class A common shareholders of record as of May 11.

Subscribe Today

Sign up for our email newsletter to receive daily news.

Want more? Click here to subscribe to either the Print or Digital Editions.