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FRMEBearishEarningsnews
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First Merchants (FRME) Q2 Earnings Miss Estimates

Jul 25, 2024, 10:21 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

FRME missed earnings estimates by 12.82%, reporting $0.68 per share. Quarterly revenue of $159.91 million exceeded expectations by 2.27%. FRME has outperformed EPS estimates only once in the last four quarters. The current Zacks Rank for FRME is #2 (Buy) reflecting positive outlook. Banks - Midwest industry rank is strong, positioned in the top 42%.

  • FRME missed earnings estimates by 12.82%, reporting $0.68 per share.
  • Quarterly revenue of $159.91 million exceeded expectations by 2.27%.
  • FRME has outperformed EPS estimates only once in the last four quarters.
  • The current Zacks Rank for FRME is #2 (Buy) reflecting positive outlook.
  • Banks - Midwest industry rank is strong, positioned in the top 42%.

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