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

First Merchants

26/07/2021 13:42

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of $1.03​​ per share for the quarter ended in June. The
mean expectation of five analysts for the quarter was
for earnings of 92 cents per share.
* Revenue rose 13.1% to $135.15 million from a year ago; 
analysts expected $131.71 million. 
* First Merchants Corp's reported EPS for the quarter was
$1.03​.
* The mean earnings estimate of analysts had risen by about 7.4%
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 fallen by 3.8% this
quarter and gained 7.2% so far this year.
* The company reported quarterly net income of $55.56 million.
* Wall Street's median 12-month price target for First Merchants
Corp is $53.00 
* 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." 
This summary was machine generated July 26 at 12:42 p.m.  ​All
figures in US dollars unless otherwise stated