First Merchants (NASDAQ:FRMEP – Get Free Report) 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
Shares of First Merchants stock opened at $26.04 on Monday. The company has a fifty day simple moving average of $25.80 and a 200-day simple moving average of $25.80. First Merchants has a 12-month low of $25.00 and a 12-month high of $27.09.
First Merchants Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.4688 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.88 annualized dividend and a dividend yield of 7.2%.
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.
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