First Merchants: Q1 Earnings Snapshot
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MUNCIE, Ind. (AP) — MUNCIE, Ind. (AP) — First Merchants Corp. (FRME) on Tuesday reported first-quarter earnings of $64.1 million.
The Muncie, Indiana-based bank said it had earnings of $1.07 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The bank posted revenue of $231.4 million in the period. Its revenue net of interest expense was $169.1 million, also missing Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRME at https://www.zacks.com/ap/FRME
