First Merchants (FRMEP) to Release Quarterly Earnings on Wednesday

First Merchants (NASDAQ:FRMEP) is expected to be announcing its results before the market opens on Wednesday, April 22nd. Analysts expect the company to announce earnings of $0.8870 per share and revenue of $188.43 million for the quarter.

First Merchants Stock Performance

First Merchants stock opened at $25.74 on Tuesday. First Merchants has a 12 month low of $25.00 and a 12 month high of $27.09. The stock’s 50 day simple moving average is $25.80 and its two-hundred day simple moving average is $25.80.

First Merchants Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, April 30th.

About First Merchants

First Merchants Corporation (NASDAQ: FRMEP) is a bank holding company headquartered in Muncie, Indiana, offering a full suite of financial services through its subsidiary, First Merchants Bank. The company provides consumer and commercial banking products, including checking and savings accounts, business and real estate loans, treasury management, and digital banking solutions. First Merchants also offers mortgage origination, wealth management, trust services, and insurance brokerage through dedicated teams.

Incorporated in 1983, First Merchants traces its roots to Merchant’s National Bank of Muncie, which was founded in 1893.