First Merchants (NASDAQ:FRMEP – Get Free Report) is anticipated to post its results after the market closes on Wednesday, October 21st. Analysts expect First Merchants to post earnings of $1.04 per share and revenue of $203.94 million for the quarter.
First Merchants Stock Performance
FRMEP stock opened at $25.45 on Tuesday. The firm has a 50 day moving average of $25.23 and a 200-day moving average of $25.43. First Merchants has a 12 month low of $24.73 and a 12 month high of $27.09.
First Merchants Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 30th will be issued 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 of this dividend is Friday, October 30th.
First Merchants Company Profile
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.
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