First Merchants: Q2 Earnings Snapshot
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MUNCIE, Ind. (AP) — MUNCIE, Ind. (AP) — First Merchants Corp. (FRME) on Tuesday reported second-quarter profit of $60.9 million.
The bank, based in Muncie, Indiana, said it had earnings of $1.02 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The bank posted revenue of $247.7 million in the period. Its revenue net of interest expense was $164.2 million, which also missed 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
