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First Merchants Earnings Beat, Revenue Misses In Q3

Published 25/10/2022, 13:24
Updated 25/10/2022, 13:24
First Merchants Earnings Beat, Revenue Misses In Q3
FRME
-1.40%

Investing.com - First Merchants reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

First Merchants announced earnings per share of $1.12 on revenue of $163.34. Analysts polled by Investing.com EPS of $1.09 on revenue of $171.74M.

First Merchants 's are up 4% and is trading at $43.93 , still down 4.75% from its 52 week high of $46.12 set on Thursday, January 13, 2022.

First Merchants follows other major Financial sector earnings this month

First Merchants's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, EPS of $2.92 on revenue of $32.13B.

Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, for EPS of $0.7816 on revenue of $23.56B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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