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

First Merchants

22/04/2021 17:10

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of 91 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of 76 cents per share.
* Revenue rose 0.7% to $124.52 million from a year ago​; 
analysts expected $129.94 million.
* First Merchants Corp's reported EPS for the quarter was 91
cents​.
* The mean earnings estimate of analysts had risen by
about 14.3% in the last three months.​ 
* In the last 30 days one analyst negatively revised an earnings
estimate and  
* First Merchants Corp shares had fallen by 1.4% this
quarter and gained 22.6% so far this year.
* The company reported quarterly net income of $49.47 million.
* Wall Street's median 12-month price target for First Merchants
Corp is $50.00 
* 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 April 22 at 04:09 p.m. GMT.
​All figures in US Dollars.​