logo

This website uses cookies to ensure you get the best experience on our website.

Read through the Privacy Policy to understand better

 Go Back

First Merchants: Q2 Earnings Snapshot

By AP News - Jul 25, 2023, 08:15 AM ET
Last Updated - Jul 25, 2023, 08:15 AM EDT
First Merchants: Q2 Earnings Snapshot

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.

Sponsored

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.

By continuing to use this site, you agree to our terms and conditions
Sponsored
Read More from Investing
A machine using ultrasound and AI can gauge the fattiness of a tuna fish
Asian shares sink, with Japan's Nikkei down 5.6% as China-US trade war escalates
FDA reverses course on telework after layoffs and resignations threaten basic operations
Trump nominee for public lands post withdraws after her criticism of Jan. 6 attack surfaces
Popular News
U.S.-China Trade War Escalates: Beijing Courts Global Support as Tariffs Soar
Wall Street's euphoria sends US stocks to historic gains after Trump pauses most of his tariffs
Universal will build its first European theme park on a site near London
House GOP holdouts threaten Trump’s ‘big, beautiful’ budget bill as Speaker Johnson postpones vote
Publishers Clearing House, known for its 'Prize Patrol' sweepstakes, files for bankruptcy
California’s AB-1052 Proposes Key Protections for Bitcoin and Digital Asset Users
At a little known Rolls-Royce museum in Pennsylvania farm country, volunteers dote over iconic cars
EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks
Latest News
Indiana joins list of states with 3 or more cases of measles. Here's what to know
The Alien Enemies Act: What to know about a 1798 law that Trump has invoked for deportations
Trump's tariffs have launched global trade wars. Here's a timeline of how we got here
What to stream: 'The Handmaid’s Tale,' Viola Davis, Bon Iver, 'The Last of Us' and Jon Hamm
The Masters: When it starts, how to watch, betting odds for golf's first major of 2025
Army enlists 3 active duty soldiers ousted for refusing COVID-19 vaccine, corrects other numbers
Trump administration might host a military parade in Washington on the president's birthday
Kentucky watches for surging rivers to recede so widespread cleanup can begin
Sponsored
Sponsored
Quick Links
Categories
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250324