First Merchants (NASDAQ:FRME – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05, Briefing.com reports. The company had revenue of $265.95 million during the quarter, compared to analysts’ expectations of $160.55 million. First Merchants had a net margin of 17.77% and a return on equity of 9.17%. During the same period in the prior year, the company earned $0.94 earnings per share.
First Merchants Price Performance
Shares of NASDAQ:FRME traded down $0.25 during midday trading on Friday, reaching $35.75. 264,108 shares of the company’s stock were exchanged, compared to its average volume of 250,839. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.86 and a current ratio of 0.87. The company’s 50 day simple moving average is $37.24 and its two-hundred day simple moving average is $35.49. First Merchants has a 12 month low of $25.74 and a 12 month high of $42.44. The firm has a market capitalization of $2.09 billion, a PE ratio of 10.30 and a beta of 1.02.
First Merchants Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, September 6th. First Merchants’s dividend payout ratio is 40.35%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on FRME
First Merchants Company Profile
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.
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