Talmer Bancorp Inc. reports first quarter 2015 net income of $9.4 million

YOUNGSTOWN

Talmer Bancorp Inc. today reported first quarter 2015 net income of $9.4 million, compared to $12.5 million for the fourth quarter of 2014 and $38.2 million for the first quarter of 2014.

The Troy, Mich.-based bank’s earnings per diluted common share were $0.12 for the first quarter of 2015, compared to $0.16 for the fourth quarter of 2014 and $0.52 for the first quarter of 2014.

The first quarter of 2014 included a $42 million bargain purchase gain related to the acquisition of Talmer West Bank.

In addition, the board of directors of Talmer declared a cash dividend on its Class A common stock of $0.01 per share on April 29.

The dividend will be paid on May 22, 2015, to our Class A common shareholders of record as of May 11, 2015.