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

First Merchants

25/10/2022 14:32

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of $1.08​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of $1.09 per share.
    * Revenue rose 27.6% to $169.92 million from a year ago;
analysts
expected $171.98 million. 
    * First Merchants Corp's reported EPS for the quarter was
$1.08​.
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * First Merchants Corp shares had risen by 13.6% this
quarter and
gained 4.9% so far this year.
    * The company reported quarterly net income of $63.28
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 October
25 at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.09           1.08           Missed
 Jun. 30 2022      0.81           0.85           Beat
 Mar. 31 2022      0.87           0.91           Beat
 Dec. 31 2021      0.93           0.89           Missed