First Merchants Corp reports results for the quarter ended March 31 - Earnings Summary

First Merchants

24/04/2025 14:34

First Merchants Corp FRME.OQ reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 85 cents.  The mean expectation of six analysts for the quarter was for earnings of 91 cents per share. Wall Street expected results to range from 89 cents to 93 cents per share.

Revenue rose 4.3% to $160.32 million from a year ago; analysts expected $170.89 million.

First Merchants Corp's reported EPS for the quarter was 94 cents​.

The company reported quarterly net income of $54.87 million.

First Merchants Corp shares had fallen by 8.7% this quarter and lost 7.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 6.7% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for First Merchants Corp is $49.50

This summary was machine generated from LSEG data April 24 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.91
0.94
Beat
Dec. 31 2024
0.90
0.76
Missed
Sep. 30 2024
0.90
0.95
Beat
Jun. 30 2024
0.80
0.68
Missed