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Stock Market & Financial Investment News

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May 7, 2014
05:21 EDTTLMRTalmer Bancorp reports Q1 EPS 45c, may not compare to consensus 8c
Reports Q1 book value per share $9.97. Reports Q1 Tier 1 capital ratio 16.66%. Reports Q1 net charge-offs 0.17%. The $20.1M increase in net income included the bargain purchase gain of $37M resulting from our acquisition of Michigan Commerce Bank. The bargain purchase gain was partially offset by transaction and integration related expenses during Q1 detailed in the noninterest expense section following.
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