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

First Merchants

27/01/2022 15:14

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of 89 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of 93 cents per share.
    * Revenue fell 2.1% to $127.12 million from a year ago; 
analysts
expected $136.45 million. 
    * First Merchants Corp's reported EPS for the quarter was 89
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * First Merchants Corp shares had risen by 5.5% this
quarter.
    * The company reported quarterly net income of $47.73
million.
    * Wall Street's median 12-month price target for First
Merchants
Corp is $49.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated January 27 at 03:13 p.m.
 ​All figures in US dollars unless otherwise stated