First Merchants Corp reports results for the quarter ended December 31 - Earnings Summary

First Merchants

30/01/2025 14:32

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of 76 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 87 cents.  The mean expectation of six analysts
for the quarter was for earnings of 90 cents per share. Wall
Street expected results to range from 86 cents to 92 cents per
share.
    * Revenue rose 13.2% to $177.11 million from a year ago;
analysts
expected $167.84 million. 
    * First Merchants Corp's reported EPS for the quarter was
$1.10​.
    * The company reported quarterly net income of $63.88
million.
    * First Merchants Corp shares had risen by 3.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First Merchants
Corp is $44.00 
This summary was machine generated from LSEG data January 30 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.90           0.76           Missed
 Sep. 30 2024      0.90           0.95           Beat
 Jun. 30 2024      0.80           0.68           Missed
 Mar. 31 2024      0.82           0.85           Beat