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

First Merchants

27/04/2022 04:28

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of 91 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 88 cents per share.
    * Revenue rose 2.9% to $128.18 million from a year ago; 
analysts
expected $133.52 million. 
    * First Merchants Corp's reported EPS for the quarter was 91
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * First Merchants Corp shares had risen by 1.0% this
quarter and
gained 0.3% so far this year.
    * The company reported quarterly net income of $48.59
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 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 27 at 03:28 a.m.  ​All
figures in US dollars unless otherwise stated