First Merchants (FRMEP) Expected to Announce Earnings on Wednesday

First Merchants (NASDAQ:FRMEP) is expected to announce its results after the market closes on Wednesday, October 21st. Analysts expect the company to post earnings of $1.04 per share and revenue of $203.94 million for the quarter.

First Merchants Stock Performance

Shares of First Merchants stock opened at $25.22 on Monday. First Merchants has a twelve month low of $24.73 and a twelve month high of $27.09. The business’s 50 day simple moving average is $25.23 and its 200-day simple moving average is $25.44.

First Merchants Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be paid a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Friday, October 30th.

About First Merchants

First Merchants Corporation is a bank holding company headquartered in Muncie, Indiana. Its principal subsidiary, First Merchants Bank, provides financial services to individuals, businesses and institutions through a network of banking offices and digital channels.

The company’s offerings include checking and savings accounts, consumer and commercial lending, residential mortgages, treasury management, cash-management services, investment and wealth-management solutions, and other financial products.