8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) October 28, 2008

FIRSTMERIT CORPORATION

(Exact name of registrant as specified in its charter)

Ohio	0-10161	34-1339938
(State or other jurisdiction of incorporation)	(Commission File Number)	( IRS Employer Identification No.)

III Cascade Plaza, 7th Floor Akron, Ohio	44308
(Address of principal executive offices)	(Zip Code)

(330) 996-6300

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On October 28, 2008, FirstMerit Corporation announced earnings for the quarter ended September 30, 2008. A copy of the press release and certain financial information for this period is attached as Exhibit 99.1 hereto and incorporated by reference herein.

     Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. Furthermore, the information in this Item 2.02 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

     (d) Exhibits.

Exhibit Number	Description
99.1	Press Release, dated October 28, 2008.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FirstMerit Corporation
By:	/s/ Terrence E. Bichsel
	Terrence E. Bichsel
	Executive Vice President and Chief Financial Officer

Date: October 28, 2008

EX-99.1

Exhibit 99.1

2008 Financial Information Third Quarter

Table of Contents

Earnings Release	Pages 1-5
Consolidated Financial Highlights	Page 6
Consolidated Balance Sheets	Page 7
Average Consolidated Balance Sheets	Page 8
Average Consolidated Balance Sheets	Pages 9
(Fully-tax Equivalent Interest Rates and Interest Differential)
Consolidated Statements of Income and Comprehensive Income	Page 10
Consolidated Statements of Income and Comprehensive Income	Page 11
(Linked Quarters)
Asset Quality Information	Page 12
Noninterest Income and Noninterest Expense Detail	Page 13
Allowance for Loan Losses – Net Charge-off Detail	Page 14

FirstMerit Corporation
III Cascade Plaza
Akron, Ohio 44308

Corporate Communications and Investor Relations
Thomas P. O’Malley
p.330-384-7109

FOR IMMEDIATE RELEASE

FirstMerit Corporation
Analysts/Media Contact: Thomas O’Malley
Director Corporate Communications/Investor Relations Officer
Phone: 330.384.7109

FirstMerit Reports Third Quarter 2008 EPS of $0.37 Per Share

Akron, Ohio (October 28, 2008) — FirstMerit Corporation (Nasdaq: FMER) today announced third quarter 2008 net income of $29.8 million, or $0.37 per diluted share. This compares with $29.2 million, or $0.36 per diluted share, for the second quarter 2008 and $30.3 million, or $0.38 per diluted share, for the third quarter 2007.

Returns on average common equity (“ROE”) and average assets (“ROA”) for the third quarter 2008 were 12.73% and 1.12%, respectively, compared with 12.31% and 1.11%, respectively, for the second quarter 2008 and 13.71% and 1.16% for the third quarter 2007.

“FirstMerit’s third quarter financial performance resulted from continued success in the execution of our super community banking model. The results this quarter include revenue growth supported by net interest margin expansion, solid expense management and improved efficiency. Ongoing initiatives to maintain high asset quality produced another quarter of controlled credit costs,” said Paul G. Greig, Chairman and Chief Executive Officer of FirstMerit Corporation.

Mr. Greig continued, “During the quarter we continued to increase customer relationships spurred by aggressive calling activity and balanced with disciplined underwriting. Market disruption within our footprint under the current banking environment presents abundant opportunity to expand our commercial book of business both on the lending and depository side. This has improved the overall growth potential for our franchise. I am confident that our execution on sound business strategies, maintaining high capital levels and a strong balance sheet position FirstMerit to address future challenges related to an uncertain economic environment.”

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FirstMerit Reports Third quarter 2008 EPS Results/ Page 2

Net interest margin was 3.78% for the third quarter of 2008 compared with 3.69% for the second quarter of 2008 and 3.61% for the third quarter of 2007. Reduced funding costs compared with the second quarter of 2008 and the third quarter of 2007 due to an increased composition of lower cost core deposits and lower liability pricing supported margin expansion over both periods.

Average loans during the third quarter of 2008 increased $141.7 million, or 1.98%, compared with the second quarter of 2008 and increased $270.6 million, or 3.86%, compared with the third quarter of 2007. Increases in the respective periods were driven by average commercial loan growth of $99.6 million, or 2.45%, and $300.7 million, or 7.77%.

Average deposits were $7.3 billion during the third quarter of 2008, down $13.1 million, or 0.18%, compared with the second quarter of 2008, and a decrease of $153.6 million, or 2.05%, compared with the third quarter of 2007. For the third quarter 2008, average core deposits (which are defined as checking accounts, savings accounts and money market savings products) increased $3.2 million, or 0.07%, compared with the second quarter 2008 and $259.1 million, or 5.97%, compared with the third quarter 2007. Core deposits represented 62.76% of total average deposits, compared with 62.61% for the second quarter 2008 and 58.01% for the third quarter 2007. The increase in both periods is attributable to strategic retail market campaigns for core deposits within the Company’s regional banking areas.

The Company’s investment portfolio yield increased in the third quarter of 2008, to 4.97%, compared with 4.90% in the second quarter of 2008, and increased from 4.87% in the third quarter of 2007. The increased investment portfolio yields contributed to aforementioned net interest margin expansion in both periods.

Net interest income on a fully tax-equivalent (“FTE”) basis was $92.7 million in the third quarter 2008 compared with $89.0 million in the second quarter of 2008 and $86.6 million in the third quarter of 2007. The increases in FTE net interest income compared with those two periods resulted from expansion in the net interest margin driven by decreased liability costs.

Noninterest income net of securities transactions for the third quarter of 2008 was $47.0 million, a decrease of $1.7 million, or 3.45%, from the second quarter of 2008 and a decrease of $2.1 million, or 4.26%, from the third quarter of 2007. Noninterest income, net of securities gains, as a percentage of net revenue for the third quarter of 2008 was 33.67% compared with 35.38% for second quarter of 2008 and 36.20% for the third quarter of 2007. Net revenue is defined as net interest income, on a FTE basis, plus other income, less gains from securities sales.

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FirstMerit Reports Third quarter 2008 EPS Results/ Page 3

Noninterest expense for the third quarter of 2008 was $80.6 million, an increase of $0.1 million, or 0.07%, from the second quarter of 2008 and a decrease of $3.4 million, or 4.07%, from the third quarter of 2007. The Company’s diligent approach to expense management has resulted in four consecutive quarters of decreased year-over-year expenses and has also contributed to four quarters of sequential improved efficiency metrics. For the third quarter of 2008, the efficiency ratio was 57.64%, compared with 58.38% for the second quarter of 2008 and 61.76% for the third quarter of 2007.

Net charge-offs totaled $11.8 million, or 0.64% of average loans, in the third quarter of 2008 compared with $10.7 million, or 0.60% of average loans, in the second quarter 2008 and $7.9 million, or 0.45% of average loans, in the third quarter of 2007.

Nonperforming assets totaled $43.5 million at September 30, 2008, an increase of $1.9 million, or 4.45%, compared with June 30, 2008. Nonperforming assets at September 30, 2008 represented 0.59% of period-end loans plus other real estate compared with 0.57% at June 30, 2008.

The allowance for loan losses totaled $102.0 million at September 30, 2008, an increase of $3.8 million from June 30, 2008. At September 30, 2008, the allowance for loan losses was 1.38% of period-end loans compared with 1.36% at June 30, 2008. The allowance for credit losses is the sum of the allowance for loan losses and the reserve for unfunded lending commitments. For comparative purposes the allowance for credit losses was 1.47% at September 30, 2008 compared with 1.46% at June 30, 2008. The allowance for credit losses to nonperforming loans was 281.28% at September 30, 2008, compared with 288.50% at June 30, 2008.

FirstMerit’s total assets at September 30, 2008 were $10.7 billion, an increase of $120.1 million, or 1.14%, compared with June 30, 2008 and an increase of $277.1 million, or 2.66%, compared with September 30, 2007. Commercial loan growth of $136.8 million, or 3.31%, compared with June 30, 2008, and $385.1 million, or 9.90%, compared with September 30, 2007, provided the overall asset growth over both periods and offset declines in various consumer lending portfolios.

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FirstMerit Reports Third quarter 2008 EPS Results/ Page 4

Total deposits were $7.4 billion at September 30, 2008, an increase of $153.4 million, or 2.11%, from June 30, 2008 and an increase of $22.3 million, or 0.30%, from September 30, 2007. Core deposits totaled $4.6 billion at September 30, 2008, a decrease of $52.3 million, or 1.13%, from June 30, 2008 and an increase of $267.3 million, or 6.18%, from September 30, 2007.

Shareholders’ equity was $926.1 million at September 30, 2008, compared with $924.4 million at June 30, 2008, and $884.9 million at September 30, 2007. The Company maintained a strong capital position as tangible equity to assets was 7.45% at September 30, 2008, compared with 7.52% at June 30, 2008 and 7.24% at September 30, 2007. The common dividend per share paid in the third quarter 2008 was $0.29.

The United States Treasury announced on October 14, 2008, several initiatives intended to help stabilize the banking industry.  Among those is a voluntary capital purchase program (CPP) to encourage qualifying financial institutions to build capital.  Under the CPP, the Treasury will purchase $250 billion of senior preferred shares on standardized terms with attached warrants to purchase common stock with an aggregate market price equal to 15 percent of the senior preferred investments.  “FirstMerit is currently reviewing the details of the CPP as information is made available and is considering the effect of participation in the program. If we choose to participate, the range of the Treasury’s preferred investment would be approximately $80 to $250 million,” said Mr. Greig.

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FirstMerit Reports Third quarter 2008 EPS Results/ Page 5

Third quarter 2008 Conference Call

FirstMerit will host an earnings conference call on October 28, 2008, at 2:00 p.m. (Eastern Time) to provide an overview of third quarter results and highlights. To participate in the conference call, please dial (888) 693-3477 ten minutes before start time and provide the reservation number: 67901210. A replay of the conference call will be available at approximately 5:00 p.m. (Eastern Time), on October 28, 2008 through November 5, 2008, by dialing (800) 642-1687, and entering the PIN: 67901210.

About FirstMerit

FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of $10.7 billion as of September 30, 2008 and 158 banking offices and 182 ATMs in 25 Ohio and Western Pennsylvania counties. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal wholly-owned subsidiaries include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.

Forward-Looking Statement

This release contains forward-looking statements relating to present or future trends or factors affecting the banking industry, and specifically the financial condition and results of operations, including without limitation, statements relating to the earnings outlook of the Company, as well as its operations, markets and products. Actual results could differ materially from those indicated. Among the important factors that could cause results to differ materially are interest rate changes, continued softening in the economy, which could materially impact credit quality trends and the ability to generate loans, changes in the mix of the Company’s business, competitive pressures, changes in accounting, tax or regulatory practices or requirements and those risk factors detailed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission. The Company undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.

###

FIRSTMERIT CORPORATION AND SUBSIDIARIES
Consolidated Financial Highlights
(Unaudited)
(Dollars in thousands)

	Quarters
	2008			2008			2008			2007			2007
EARNINGS	3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr
Net interest income FTE (a)	$	92,659		$	88,956		$	85,695		$	87,647		$	86,582
Provision for loan losses		15,531			14,565			11,521			9,334			7,324
Other income		47,029			48,758			52,854			49,993			49,124
Other expenses		80,609			80,550			81,234			83,295			84,030
FTE adjustment (a)		1,538			1,425			1,396			1,486			1,428
Net income		29,753			29,153			31,443			31,459			30,262
Diluted EPS		0.37			0.36			0.39			0.39			0.38
PERFORMANCE RATIOS
Return on average assets (ROA)		1.12	%		1.11	%		1.22	%		1.21	%		1.16	%
Return on average common equity (ROE)		12.73	%		12.31	%		13.56	%		13.87	%		13.71	%
Net interest margin FTE (a)		3.78	%		3.69	%		3.60	%		3.66	%		3.61	%
Efficiency ratio		57.64	%		58.38	%		58.69	%		60.85	%		61.76	%
Number of full-time equivalent employees		2,614			2,679			2,676			2,688			2,704
MARKET DATA
Book value/common share	$	11.44		$	11.43		$	11.59		$	11.39		$	11.00
Period-end common share mkt value		21.00			16.31			20.66			20.01			19.76
Market as a % of book		184	%		143	%		178	%		176	%		180	%
Cash dividends/common share	$	0.29		$	0.29		$	0.29		$	0.29		$	0.29
Common stock dividend payout ratio		78.38	%		80.56	%		74.36	%		74.36	%		76.32	%
Average basic common shares		80,869			80,855			80,655			80,477			80,467
Average diluted common shares		80,896			80,898			80,722			80,595			80,561
Period end common shares		80,974			80,846			80,879			80,482			80,467
Common shares repurchased		42,429			34,380			5,426			6,066			22,473
Common stock market capitalization	$	1,700,454		$	1,318,598		$	1,670,960		$	1,610,445		$	1,590,028
ASSET QUALITY
Gross charge-offs	$	14,957		$	14,830		$	14,669		$	11,768		$	12,347
Net charge-offs		11,763			10,737			11,315			8,940			7,945
Allowance for loan losses		102,007			98,239			94,411			94,205			93,811
Reserve for unfunded lending commitments		6,493			7,310			7,903			7,394			7,409
Nonperforming assets (NPAs)		43,491			41,639			35,301			37,262			34,199
Net charge-offs/average loans ratio		0.64	%		0.60	%		0.65	%		0.51	%		0.45	%
Allowance for loan losses/period-end loans		1.38	%		1.36	%		1.33	%		1.35	%		1.34	%
Allowance for credit losses/period-end loans		1.47	%		1.46	%		1.45	%		1.45	%		1.44	%
NPAs/loans and other real estate		0.59	%		0.57	%		0.50	%		0.53	%		0.49	%
Allowance for loan losses/nonperforming loans		264.45	%		268.52	%		318.89	%		299.70	%		314.22	%
Allowance for credit losses/nonperforming loans		281.28	%		288.50	%		345.59	%		323.22	%		339.04	%
CAPITAL & LIQUIDITY
Period-end tangible equity to assets		7.45	%		7.52	%		7.68	%		7.56	%		7.24	%
Average equity to assets		8.79	%		9.06	%		8.98	%		8.72	%		8.45	%
Average equity to loans		12.76	%		13.34	%		13.27	%		12.94	%		12.49	%
Average loans to deposits		99.40	%		97.29	%		95.82	%		94.71	%		93.74	%
AVERAGE BALANCES
Assets	$	10,569,496		$	10,520,469		$	10,388,359		$	10,313,707		$	10,360,739
Deposits		7,326,364			7,339,506			7,330,097			7,339,827			7,479,960
Loans		7,282,333			7,140,627			7,023,928			6,951,544			7,011,776
Earning assets		9,755,812			9,704,252			9,581,121			9,493,271			9,513,230
Shareholders’ equity		929,495			952,769			932,405			899,624			875,720
ENDING BALANCES
Assets	$	10,684,845		$	10,564,752		$	10,516,828		$	10,400,666		$	10,407,765
Deposits		7,430,556			7,277,184			7,422,678			7,331,739			7,408,296
Loans		7,381,592			7,240,882			7,072,797			7,001,886			7,014,389
Goodwill		139,245			139,245			139,245			139,245			139,245
Intangible assets		1,490			1,577			1,754			1,977			2,200
Earning assets		9,840,951			9,724,859			9,688,270			9,509,680			9,563,541
Total shareholders’ equity		926,078			924,429			937,439			916,977			884,877

NOTES:

(a) - Net interest income on a fully tax-equivalent (“FTE”) basis restates interest on tax-exempt securities and loans as if such interest were subject to federal income tax at the statutory rate. Net interest income on an FTE basis is not an accounting principle generally accepted in the United States of America.

6

FIRSTMERIT CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited, except December 31, 2007, which is derived from the audited financial statements)

	September 30,			December 31,			September 30,
	2008			2007			2007
ASSETS
Cash and due from banks	$	186,087		$	207,335		$	193,721
Investment securities (at fair value) and federal funds sold		2,450,233			2,460,453			2,499,406
Loans held for sale		9,126			47,341			49,746
Loans:
Commercial loans		4,273,065			3,906,448			3,887,985
Mortgage loans		559,276			577,219			579,954
Installment loans		1,613,481			1,598,832			1,633,231
Home equity loans		717,887			691,922			701,565
Credit card loans		148,179			153,732			142,986
Leases		69,704			73,733			68,668
Total loans		7,381,592			7,001,886			7,014,389
Less allowance for loan losses		(102,007	)		(94,205	)		(93,811	)
Net loans		7,279,585			6,907,681			6,920,578
Premises and equipment, net		128,570			130,469			132,821
Goodwill		139,245			139,245			139,245
Intangible assets		1,490			1,977			2,198
Accrued interest receivable and other assets		490,509			506,165			470,050
Total assets	$	10,684,845		$	10,400,666		$	10,407,765
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Demand-non-interest bearing	$	1,540,523		$	1,482,480			1,413,167
Demand-interest bearing		663,924			727,966			703,045
Savings and money market accounts		2,386,453			2,295,147			2,207,356
Certificates and other time deposits		2,839,656			2,826,146			3,084,728
Total deposits		7,430,556			7,331,739			7,408,296
Securities sold under agreements to repurchase		1,244,200			1,256,080			1,531,215
Wholesale borrowings		898,720			705,121			403,438
Accrued taxes, expenses, and other liabilities		185,291			190,749			179,939
Total liabilities		9,758,767			9,483,689			9,522,888
Commitments and contingencies
Shareholders’ equity:
Preferred stock, without par value: authorized and unissued 7,000,000 shares		—			—			—
Preferred stock, Series A, without par value: designated 800,000 shares; none outstanding		—			—			—
Convertible preferred stock, Series B, without par value: designated 220,000 shares; none outstanding		—			—			—
Common stock, without par value: authorized 300,000,000 shares; issued 92,026,350 at September 30, 2008, December 31, 2007 and September 30, 2007		127,937			127,937			127,937
Capital surplus		93,387			100,028			99,727
Accumulated other comprehensive loss		(59,190	)		(43,085	)		(66,352	)
Retained earnings		1,047,781			1,027,775			1,019,656
Treasury stock, at cost, 11,052,155, 11,543,882 and 11,559,284 shares at September 30, 2008, December 31, 2007 and September 30, 2007, respectively		(283,837	)		(295,678	)		(296,091	)
Total shareholders’ equity		926,078			916,977			884,877
Total liabilities and shareholders’ equity	$	10,684,845		$	10,400,666		$	10,407,765

7

FIRSTMERIT CORPORATION AND SUBSIDIARIES
AVERAGE CONSOLIDATED BALANCE SHEETS

	Quarterly Periods
(Unaudited)	September 30,			June 30,			March 31,			December 31,			September 30,
(Dollars in thousands)	2008			2008			2008			2007			2007
ASSETS
Cash and due from banks	$	171,370		$	173,044		$	171,028		$	175,164		$	180,426
Investment securities/fed funds sold		2,461,431			2,515,546			2,508,125			2,494,975			2,455,777
Loans held for sale		12,048			48,079			49,068			46,752			45,677
Loans:
Commercial loans		4,168,951			4,069,305			3,941,573			3,839,242			3,868,235
Mortgage loans		569,293			577,178			584,000			581,370			586,911
Installment loans		1,617,265			1,584,825			1,587,267			1,615,035			1,640,380
Home equity loans		709,365			692,567			686,603			696,259			704,499
Credit card loans		147,924			147,242			150,575			149,466			143,312
Leases		69,535			69,510			73,910			70,172			68,439
Total loans		7,282,333			7,140,627			7,023,928			6,951,544			7,011,776
Less allowance for loan losses		98,091			94,002			93,804			92,667			94,393
Net loans		7,184,242			7,046,625			6,930,124			6,858,877			6,917,383
Total earning assets		9,755,812			9,704,252			9,581,121			9,493,271			9,513,230
Premises and equipment, net		127,267			126,488			128,185			132,129			133,303
Accrued interest receivable and other assets		613,138			610,687			601,829			605,810			628,173
TOTAL ASSETS	$	10,569,496		$	10,520,469		$	10,388,359		$	10,313,707		$	10,360,739
LIABILITIES
Deposits:
Demand-non-interest bearing	$	1,545,427		$	1,518,841		$	1,446,889		$	1,435,358		$	1,400,848
Demand-interest bearing		678,803			709,922			702,115			699,675			714,216
Savings and money market accounts		2,373,995			2,366,296			2,318,899			2,262,818			2,224,048
Certificates and other time deposits		2,728,139			2,744,447			2,862,194			2,941,976			3,140,848
Total deposits		7,326,364			7,339,506			7,330,097			7,339,827			7,479,960
Securities sold under agreements to repurchase		1,504,011			1,312,436			1,310,364			1,517,241			1,555,235
Wholesale borrowings		634,226			711,132			618,572			369,685			256,356
Total funds		9,464,601			9,363,074			9,259,033			9,226,753			9,291,551
Accrued taxes, expenses and other liabilities		175,400			204,626			196,921			187,330			193,468
Total liabilities		9,640,001			9,567,700			9,455,954			9,414,083			9,485,019
SHAREHOLDERS’ EQUITY
Preferred stock		—			—			—			—			—
Common stock		127,937			127,937			127,937			127,937			127,937
Capital surplus		93,381			92,313			96,048			99,749			100,511
Accumulated other comprehensive (loss) income		(54,000	)		(40,757	)		(32,170	)		(60,430	)		(77,215	)
Retained earnings		1,048,452			1,059,840			1,032,036			1,028,170			1,020,979
Treasury stock		(286,275	)		(286,564	)		(291,446	)		(295,802	)		(296,492	)
Total shareholders’ equity		929,495			952,769			932,405			899,624			875,720
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	10,569,496		$	10,520,469		$	10,388,359		$	10,313,707		$	10,360,739

8

AVERAGE CONSOLIDATED BALANCE SHEETS (Unaudited)
Fully-tax Equivalent Interest Rates and Interest Differential

FIRSTMERIT CORPORATION AND SUBSIDIARIES

	Three months ended								Year ended								Three months ended
	September 30, 2008								December 31, 2007								September 30, 2007
	Average					Average			Average					Average			Average					Average
(Dollars in thousands)	Balance			Interest		Rate			Balance			Interest		Rate			Balance			Interest		Rate
ASSETS
Cash and due from banks	$	171,370							$	178,164							$	180,426
Investment securities and federal funds sold:
U.S. Treasury securities and U.S. Government agency obligations (taxable)		1,943,589			23,374		4.78	%		1,955,049			85,544		4.38	%		1,949,851			22,011		4.48	%
Obligations of states and political subdivisions (tax exempt)		301,688			4,575		6.03	%		255,461			15,595		6.10	%		265,608			4,079		6.09	%
Other securities and federal funds sold		216,154			2,780		5.12	%		244,749			17,127		7.00	%		240,318			4,078		6.73	%
Total investment securities and federal funds sold		2,461,431			30,729		4.97	%		2,455,259			118,266		4.82	%		2,455,777			30,168		4.87	%
Loans held for sale		12,048			178		5.88	%		56,036			3,050		5.44	%		45,677			789		6.85	%
Loans		7,282,333			107,781		5.89	%		6,971,464			521,172		7.48	%		7,011,776			133,102		7.53	%
Total earning assets		9,755,812			138,688		5.66	%		9,482,759			642,488		6.78	%		9,513,230			164,059		6.84	%
Allowance for loan losses		(98,091	)							(92,662	)							(94,393	)
Other assets		740,405								750,527								761,476
Total assets	$	10,569,496							$	10,318,788							$	10,360,739
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Demand — non-interest bearing	$	1,545,427			—		—		$	1,408,726			—		—		$	1,400,848			—		—
Demand — interest bearing		678,803			589		0.35	%		733,410			6,824		0.93	%		714,216			1,677		0.93	%
Savings and money market accounts		2,373,995			6,932		1.16	%		2,266,070			54,166		2.39	%		2,224,048			13,501		2.41	%
Certificates and other time deposits		2,728,139			23,463		3.42	%		3,045,715			146,559		4.81	%		3,140,848			38,464		4.86	%
Total deposits		7,326,364			30,984		1.68	%		7,453,921			207,549		2.78	%		7,479,960			53,642		2.85	%
Securities sold under agreements to repurchase		1,504,011			8,244		2.18	%		1,471,785			71,298		4.84	%		1,555,235			19,514		4.98	%
Wholesale borrowings		634,226			6,801		4.27	%		326,460			20,601		6.31	%		256,356			4,321		6.69	%
Total interest bearing liabilities		7,919,174			46,029		2.31	%		7,843,440			299,448		3.82	%		7,890,703			77,477		3.90	%
Other liabilities		175,400								191,096								193,468
Shareholders’ equity		929,495								875,526								875,720
Total liabilities and shareholders’ equity	$	10,569,496							$	10,318,788							$	10,360,739
Net yield on earning assets	$	9,755,812			92,659		3.78	%	$	9,482,759			343,040		3.62	%	$	9,513,230			86,582		3.61	%
Interest rate spread							3.35	%							2.96	%							2.94	%

Note: Interest income on tax-exempt securities and loans has been adjusted to a fully-taxable equivalent basis.
          Nonaccrual loans have been included in the average balances

9

FIRSTMERIT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Quarters ended						Nine months ended
(Unaudited)	September 30,						September 30,
(In thousands except per share data)	2008			2007			2008			2007
Interest income:
Interest and fees on loans, including held for sale	$	107,927		$	133,860		$	330,731		$	396,025
Interest and dividends on investment securities and federal funds sold		29,223			28,771			87,714			83,000
Total interest income		137,150			162,631			418,445			479,025
Interest expense:
Interest on deposits:
Demand-interest bearing		589			1,677			2,144			5,472
Savings and money market accounts		6,932			13,501			23,075			41,499
Certificates and other time deposits		23,463			38,464			82,037			111,269
Interest on securities sold under agreements to repurchase		8,244			19,514			28,105			54,304
Interest on wholesale borrowings		6,801			4,321			20,133			15,096
Total interest expense		46,029			77,477			155,494			227,640
Net interest income		91,121			85,154			262,951			251,385
Provision for loan losses		15,531			7,324			41,617			21,501
Net interest income after provision for loan losses		75,590			77,830			221,334			229,884
Other income:
Trust department income		5,562			5,657			16,836			17,349
Service charges on deposits		16,648			17,003			47,412			50,307
Credit card fees		12,084			11,679			35,387			34,490
ATM and other service fees		2,717			3,306			8,281			9,566
Bank owned life insurance income		3,139			3,735			9,557			10,193
Investment services and insurance		2,899			3,007			8,554			8,120
Investment securities gains, net		—			—			571			1
Loan sales and servicing income		1,370			1,411			4,646			8,760
Gain on Visa, Inc. redemption		—			—			7,898			—
Other operating income		2,610			3,326			9,499			8,144
Total other income		47,029			49,124			148,641			146,930
Other expenses:
Salaries, wages, pension and employee benefits		45,043			41,332			132,472			127,370
Net occupancy expense		5,741			6,188			18,699			19,395
Equipment expense		5,962			6,389			17,998			19,162
Stationery, supplies and postage		2,347			2,463			6,914			7,048
Bankcard, loan processing and other costs		7,497			7,222			22,097			22,299
Professional services		3,966			2,923			8,434			12,277
Amortization of intangibles		86			222			486			667
Other operating expense		9,967			17,291			35,293			38,713
Total other expenses		80,609			84,030			242,393			246,931
Income before federal income tax expense		42,010			42,924			127,582			129,883
Federal income tax expense		12,257			12,662			37,233			38,315
Net income	$	29,753		$	30,262		$	90,349		$	91,568
Other comprehensive income, net of taxes
Unrealized securities’ holding loss, net of taxes	$	(8,978	)	$	16,383		$	(19,488	)	$	11,445
Unrealized hedging gain, net of taxes		347			(1,537	)		1,133			(909	)
Minimum pension liability adjustment, net of taxes		875			875			2,621			2,621
Less: reclassification adjustment for securities’ gain realized in net income, net of taxes		—			—			371			1
Total other comprehensive loss, net of taxes		(7,756	)		15,721			(16,105	)		13,156
Comprehensive income	$	21,997		$	45,983		$	74,244		$	104,724
Net income applicable to common shares	$	29,753		$	30,262		$	90,349		$	91,568
Net income used in diluted EPS calculation	$	29,753		$	30,266		$	90,354		$	91,580
Weighted average number of common shares outstanding — basic		80,869			80,467			80,794			80,337
Weighted average number of common shares outstanding — diluted		80,896			80,561			80,841			80,483
Basic earnings per share	$	0.37		$	0.38		$	1.12		$	1.14
Diluted earnings per share	$	0.37		$	0.38		$	1.12		$	1.14
Dividend per share	$	0.29		$	0.29		$	0.87		$	0.87

10

FIRSTMERIT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME—LINKED QUARTERS

	Quarterly Results
(Unaudited)	2008			2008			2008		2007		2007
(Dollars in thousands, except share data)	3rd Q			2nd Q			1st Q		4th Q		3rd Q
Interest and fees on loans, including held for sale	$	107,927		$	106,516		$	116,288	$	128,078	$	133,860
Interest and dividends — securities and federal funds sold		29,223			29,255			29,236		29,891		28,771
Total interest income		137,150			135,771			145,524		157,969		162,631
Interest on deposits:
Demand-interest bearing		589			591			964		1,352		1,677
Savings and money market accounts		6,932			6,500			9,643		12,667		13,501
Certificates and other time deposits		23,463			26,587			31,987		35,290		38,464
Securities sold under agreements to repurchase		8,244			8,319			11,542		16,994		19,514
Wholesale borrowings		6,801			6,243			7,089		5,505		4,321
Total interest expense		46,029			48,240			61,225		71,808		77,477
Net interest income		91,121			87,531			84,299		86,161		85,154
Provision for loan losses		15,531			14,565			11,521		9,334		7,324
Net interest income after provision for loan losses		75,590			72,966			72,778		76,827		77,830
Other income:
Trust department income		5,562			5,824			5,450		5,896		5,657
Service charges on deposits		16,648			16,028			14,736		17,067		17,003
Credit card fees		12,084			12,146			11,157		12,012		11,679
ATM and other service fees		2,717			2,770			2,794		3,055		3,306
Bank owned life insurance income		3,139			3,217			3,201		3,283		3,735
Investment services and insurance		2,899			2,790			2,865		3,121		3,007
Investment securities gains (losses), net		—			47			524		1,122		—
Loan sales and servicing income		1,370			1,885			1,391		1,551		1,411
Gain on Visa, Inc. redemption		—			—			7,898		—		—
Other operating income		2,610			4,051			2,838		2,886		3,326
Total other income		47,029			48,758			52,854		49,993		49,124
Other expenses:
Salaries, wages, pension and employee benefits		45,043			44,364			43,065		43,087		41,332
Net occupancy expense		5,741			6,204			6,754		6,284		6,188
Equipment expense		5,962			5,842			6,194		6,239		6,389
Stationery, supplies and postage		2,347			2,242			2,325		2,388		2,463
Bankcard, loan processing and other costs		7,497			7,356			7,244		7,482		7,222
Professional services		3,966			2,581			1,887		3,588		2,923
Amortization of intangibles		86			177			223		222		222
Other operating expense		9,967			11,784			13,542		14,005		17,291
Total other expenses		80,609			80,550			81,234		83,295		84,030
Income before income tax expense		42,010			41,174			44,398		43,525		42,924
Federal income taxes		12,257			12,021			12,955		12,066		12,662
Net income	$	29,753		$	29,153		$	31,443	$	31,459	$	30,262
Other comprehensive income (loss), net of taxes		(7,756	)		(19,858	)		11,509		23,267		15,721
Comprehensive income	$	21,997		$	9,295		$	42,952	$	54,726	$	45,983
Net income applicable to common shares	$	29,753		$	29,153		$	31,443	$	31,459	$	30,262
Adjusted net income used in diluted EPS calculation	$	29,753		$	29,154		$	31,447	$	31,463	$	30,266
Weighted-average common shares — basic		80,869			80,855			80,655		80,477		80,467
Weighted-average common shares — diluted		80,896			80,898			80,722		80,595		80,561
Basic net income per share	$	0.37		$	0.36		$	0.39	$	0.39	$	0.38
Diluted net income per share	$	0.37		$	0.36		$	0.39	$	0.39	$	0.38

11

FIRSTMERIT CORPORATION AND SUBSIDIARIES
ASSET QUALITY INFORMATION

(Unaudited, except December 31, 2007 annual period which
  is derived from the audited financial statements)
(Dollars in thousands, except ratios)

	Quarterly Periods															Annual Period
	Sept 30			Jun 30			Mar 31			Dec 31			Sept 30			Dec 31
	2008			2008			2008			2007			2007			2007
Allowance for Credit Losses
Allowance for loan losses, beginning of period	$	98,239		$	94,411		$	94,205		$	93,811		$	94,432		$	91,342
Provision for loan losses		15,531			14,565			11,521			9,334			7,324			30,835
Charge-offs		14,957			14,830			14,669			11,768			12,347			44,148
Recoveries		3,194			4,093			3,354			2,828			4,402			16,176
Net charge-offs		11,763			10,737			11,315			8,940			7,945			27,972
Allowance for loan losses, end of period	$	102,007		$	98,239		$	94,411		$	94,205		$	93,811		$	94,205
Reserve for unfunded lending commitments, beginning of period	$	7,310		$	7,903		$	7,394		$	7,409		$	6,553		$	6,294
Provision for credit losses		(817	)		(593	)		509			(15	)		856			1,100
Reserve for unfunded lending commitments, end of period	$	6,493		$	7,310		$	7,903		$	7,394		$	7,409		$	7,394
Allowance for Credit Losses	$	108,500		$	105,549		$	102,314		$	101,599		$	101,220		$	101,599
Ratios
Provision for loan losses as a % of average loans		0.85	%		0.82	%		0.66	%		0.53	%		0.41	%		0.44	%
Provision for credit losses as a % of average loans		-0.04	%		-0.03	%		0.03	%		0.00	%		0.05	%		0.02	%
Net charge-offs as a % of average loans		0.64	%		0.60	%		0.65	%		0.51	%		0.45	%		0.40	%
Allowance for loan losses as a % of period-end loans		1.38	%		1.36	%		1.33	%		1.35	%		1.34	%		1.35	%
Allowance for credit losses as a % of period-end loans		1.47	%		1.46	%		1.45	%		1.45	%		1.44	%		1.45	%
Allowance for loan losses as a % of nonperforming loans		264.45	%		268.52	%		318.89	%		299.70	%		314.22	%		299.70	%
Allowance for credit losses as a % of nonperforming loans		281.28	%		288.50	%		345.59	%		323.22	%		339.04	%		323.22	%
Asset Quality
Impaired loans:
Nonaccrual	$	29,245		$	26,702		$	19,777		$	21,513		$	20,165		$	21,513
Other nonperforming loans:
Nonaccrual		9,328			9,884			9,829			9,920			9,690			9,920
Total nonperforming loans		38,573			36,586			29,606			31,433			29,855			31,433
Other real estate (“ORE”)		4,918			5,053			5,695			5,829			4,344			5,829
Total nonperforming assets (“NPAs”)	$	43,491		$	41,639		$	35,301		$	37,262		$	34,199		$	37,262
NPAs as % of period-end loans + ORE		0.59	%		0.57	%		0.50	%		0.53	%		0.49	%		0.53	%
Past due 90 days or more & accruing interest	$	16,241		$	10,654		$	10,931		$	11,702		$	13,107		$	11,702

12

FIRSTMERIT CORPORATION
NONINTEREST INCOME AND NONINTEREST EXPENSE DETAIL

(Unaudited)
(Dollars in thousands)	2008		2008		2008		2007		2007
QUARTERLY OTHER INCOME DETAIL	3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr
Trust department income	$	5,562	$	5,824	$	5,450	$	5,896	$	5,657
Service charges on deposits		16,648		16,028		14,736		17,067		17,003
Credit card fees		12,084		12,146		11,157		12,012		11,679
ATM and other service fees		2,717		2,770		2,794		3,055		3,306
Bank owned life insurance income		3,139		3,217		3,201		3,283		3,735
Investment services and insurance		2,899		2,790		2,865		3,121		3,007
Investment securities gains (losses), net		—		47		524		1,122		—
Loan sales and servicing income		1,370		1,885		1,391		1,551		1,411
Visa redemption		—		—		7,898		—		—
Other operating income		2,610		4,051		2,838		2,886		3,326
Total Other Income	$	47,029	$	48,758	$	52,854	$	49,993	$	49,124

	2008		2008		2008		2007		2007
QUARTERLY OTHER EXPENSES DETAIL	3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr
Salaries, wages, pension and employee benefits	$	45,043	$	44,364	$	43,065	$	43,087	$	41,332
Net occupancy expense		5,741		6,204		6,754		6,284		6,188
Equipment expense		5,962		5,842		6,194		6,239		6,389
Taxes, other than federal income taxes		1,714		1,701		1,702		1,274		1,984
Stationery, supplies and postage		2,347		2,242		2,325		2,388		2,463
Bankcard, loan processing and other costs		7,497		7,356		7,244		7,482		7,222
Advertising		2,476		2,489		2,666		2,989		3,332
Professional services		3,966		2,581		1,887		3,588		2,923
Telephone		956		994		1,019		1,006		1,142
Amortization of intangibles		86		177		223		222		222
Other operating expense		4,821		6,600		8,155		8,736		10,833
Total Other Expenses	$	80,609	$	80,550	$	81,234	$	83,295	$	84,030

13

FIRSTMERIT CORPORATION AND SUBSIDIARIES
ALLOWANCE FOR LOAN LOSSES — Net Charge-off Detail

	Quarters ended						Year ended			Nine months ended
(Unaudited)	September 30,						December 31,			September 30,
(Dollars in thousands)	2008			2007			2007			2008			2007
Allowance for loan losses — beginning of period	$	98,239		$	94,432		$	91,342		$	94,205		$	91,342
Loans charged off:
Commercial		3,556			3,227			7,856			10,727			4,887
Mortgage		1,162			1,510			5,026			3,671			4,068
Installment		5,840			4,531			18,343			17,464			13,598
Home equity		1,154			1,095			4,151			3,446			3,393
Credit cards		2,522			1,969			8,497			7,315			6,393
Leases		20			15			41			20			41
Overdrafts		703			—			234			1,813			—
Total		14,957			12,347			44,148			44,456			32,380
Recoveries:
Commercial		232			1,105			4,351			1,986			3,994
Mortgage		2			—			44			41			8
Installment		1,757			2,110			8,021			5,598			6,316
Home equity		484			519			1,265			726			1,083
Credit cards		439			504			1,842			1,455			1,452
Manufactured housing		44			82			323			170			252
Leases		28			82			286			97			243
Overdrafts		208			—			44			568			—
Total		3,194			4,402			16,176			10,641			13,348
Net charge-offs		11,763			7,945			27,972			33,815			19,032
Provision for loan losses		15,531			7,324			30,835			41,617			21,501
Allowance for loan losses — end of period	$	102,007		$	93,811		$	94,205		$	102,007		$	93,811
Average loans outstanding	$	7,282,333		$	7,011,776		$	6,971,464		$	7,149,451		$	6,978,178
Ratio to average loans:
(Annualized) net charge-offs		0.64	%		0.45	%		0.40	%		0.63	%		0.36	%
Provision for loan losses		0.85	%		0.41	%		0.44	%		0.78	%		0.41	%
Loans outstanding — period-end	$	7,381,592		$	7,014,389		$	7,001,886		$	7,381,592		$	7,014,389
Allowance for credit losses:	$	108,500		$	101,220		$	101,599		$	108,500		$	101,220
As a multiple of (annualized) net charge-offs		2.32			3.21			3.63			2.40			3.98
Allowance for loan losses:
As a percent of period-end loans outstanding		1.38	%		1.34	%		1.35	%		1.38	%		1.34	%
As a multiple of (annualized) net charge-offs		2.18			2.98			3.37			2.26			3.69

14