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Banks set earnings marks | Business | The Journal Gazette

Banks set earnings marks | Business | The Journal Gazette
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North American Morning Briefing: Stock Futures -2-

North American Morning Briefing: Stock Futures -2-
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First Merchants Corp (FRME) Q1 2021 Earnings Call Transcript

Operator
Good afternoon, and welcome to the First Merchants Corporation First Quarter 2021 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.
This presentation contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act. Such forward-looking statements can often be identified by the use of words like believes, expect or may and include statements relating to First Merchants business plan, growth strategies, loan and investment portfolio; asset quality, risk and future costs. These statements are subject to significant uncertainties that may cause results to differ materially from those set forth in such statements, including changes in economic conditions, the ability of First Merchants to integrate recent acquisitions, changes in regulations and requirements of the company as regulators, litigation, changes in the creditworthin ....

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First Merchants: Q1 Earnings Snapshot

First Merchants: Q1 Earnings Snapshot
April 22, 2021 GMT
The Muncie, Indiana-based bank said it had earnings of 91 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The bank posted revenue of $133.9 million in the period. Its revenue net of interest expense was $124.5 million, missing Street forecasts. Three analysts surveyed by Zacks expected $126.9 million.
First Merchants shares have climbed 23% since the beginning of the year. The stock has increased 79% in the last 12 months.

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 ....

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Recap: First Merchants Q1 Earnings

Shares of First Merchants (NASDAQ:FRME) were unchanged after the company reported Q1 results.
Quarterly Results
Earnings per share were up 46.77% . ....

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