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FirstMerit Corporation and Subsidiaries
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Number of common shareholders at December 31, 1999- 11,350 This table sets forth the high and low closing bid quotations and dividend rates for FirstMerit Corporation for the dates listed. These quotations are furnished by the National Quotations Bureau Incorporated and represent prices between dealers, do not include retail markup, markdowns, or commissions, and may not represent actual transaction prices.
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*Core earnings are defined as net income excluding merger-related expenses associated with recent acquisitions, a loss on the disposition of a subsidiary, and extraordinary items. These material unusual after-tax items which are excluded from core earnings totaled $38.1 million in 1999, $21.3 million in 1998, $9.9 million in 1996 and $19.5 million in 1995. Results for 1998 include a valuation charge related to residual interest on manufactured housing asset-backed securities. Discussion of the 1998 and 1999 unusual charges can be found throughout this annual report. |
