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First Merchants FRME reported its Q2 earnings results on Tuesday, July 26, 2022 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
First Merchants beat estimated earnings by 24.69%, reporting an EPS of $1.01 versus an estimate of $0.81.
Revenue was up $21.79 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 3.39% drop in the share price the next day.
Here’s a look at First Merchants’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.87 | 0.93 | 0.91 | 0.92 |
| EPS Actual | 0.88 | 0.89 | 0.98 | 1.03 |
| Revenue Estimate | 133.52M | 136.45M | 133.91M | 131.71M |
| Revenue Actual | 128.18M | 127.12M | 133.22M | 135.15M |
To track all earnings releases for First Merchants visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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Image and article originally from www.benzinga.com. Read the original article here.