First Merchants (FRMEP) Projected to Post Earnings on Wednesday

First Merchants (NASDAQ:FRMEP) is expected to announce its resultson Wednesday, July 22nd. Analysts expect First Merchants to announce earnings of $1.02 per share and revenue of $202.78 million for the quarter.

First Merchants Trading Down 0.0%

FRMEP stock opened at $25.61 on Tuesday. The business’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $25.65. First Merchants has a fifty-two week low of $24.73 and a fifty-two week high of $27.09.

First Merchants Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Thursday, July 30th will be given a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, July 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.