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 anticipated EPS of $1.09 on revenue of $171.74M.
First Merchants shares are up 4% from the beginning of the year , 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, compared to forecasts 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, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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