First Merchants (NASDAQ:FRMEP – Get Free Report) is projected to release 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 0.8%
Shares of NASDAQ FRMEP opened at $25.61 on Wednesday. The company has a 50 day simple moving average of $25.39 and a 200 day simple moving average of $25.64. First Merchants has a 1 year low of $24.73 and a 1 year high of $27.09.
First Merchants Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 30th will be given a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.3%. The ex-dividend date is Thursday, July 30th.
First Merchants Company Profile
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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