First Merchants: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 08:12 AM ET
Last Updated - Oct 24, 2024, 08:12 AM EDT
MUNCIE, Ind. (AP) — MUNCIE, Ind. (AP) — First Merchants Corp. (FRME) on Thursday reported third-quarter earnings of $49.2 million.
The Muncie, Indiana-based bank said it had earnings of 84 cents per share. Earnings, adjusted for non-recurring costs, were 95 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The bank posted revenue of $265.9 million in the period. Its revenue net of interest expense was $156 million, which fell short of Street forecasts.
