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

First Merchants

26/07/2022 15:24

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of $1.01​​ per share for the quarter ended in June. The
mean expectation of six analysts for the quarter was
for earnings of 81 cents per share.
    * Revenue rose 10.1% to $148.79 million from a year ago;
analysts
expected $155.42 million. 
    * First Merchants Corp's reported EPS for the quarter was 63
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * First Merchants Corp shares had risen by 6.1% this
quarter and
lost 9.8% so far this year.
    * The company reported quarterly net income of $38.52
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
"strong 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 from Refinitiv data July 26
at 02:24 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.81           1.01           Beat
 Mar. 31 2022      0.87           0.91           Beat
 Dec. 31 2021      0.93           0.89           Missed
 Sep. 30 2021      0.91           0.98           Beat