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

First Merchants

26/10/2023 14:33

* First Merchants Corp  FRME.OQ  reported quarterly adjusted
earnings of 95 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 94 cents per share.
    * Revenue fell 5.1% to $161.23 million from a year ago;
analysts
expected $167.07 million. 
    * First Merchants Corp's reported EPS for the quarter was 95
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * First Merchants Corp shares had fallen by 5.2% this
quarter and
lost 35.9% so far this year.
    * The company reported quarterly net income of $55.9
million.
    * Wall Street's median 12-month price target for First
Merchants
Corp is $36.50 
    * 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 from LSEG Refinitiv data
October 26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.94           0.95           Beat
 Jun. 30 2023      1.02           1.02           Met
 Mar. 31 2023      1.14           1.07           Missed
 Dec. 31 2022      1.16           1.19           Beat