First Merchants Corporation (FRME)
First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q2 2024 Earnings Conference Call July 25, 2024 11:30 AM ET Company Participants Mark Hardwick – Chief Executive Officer Michael Stewart – President Michele Kawiecki – Chief Financial Officer John Martin - Chief Credit Officer Conference Call Participants Daniel Tamayo - Raymond James Damon DelMonte – KBW Terry McEvoy – Stephens Inc. Nathan Race - Piper Sandler Brian Martin - Janney Montgomery Scott Operator Thank you for standing by, and welcome to First Merchants Corporation's Second Quarter 2024 Earnings Conference call. Before we begin, management would like to remind you that today's call contains forward-looking statements with respect to the future performance and financial condition of First Merchants Corporation's that involve risk and uncertainties.
First Merchants (FRME) Q2 Earnings Miss Estimates
First Merchants (FRME) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago.
Earnings Preview: First Merchants (FRME) Q2 Earnings Expected to Decline
First Merchants (FRME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Merchants Corporation: An Attractive Way To Play The Banking Sector
First Merchants Corporation is a regional bank with a long operating history and a market capitalization of $1.85 billion. The bank has shown growth in deposits and loans, with a focus on commercial and industrial loans. Despite recent downward pressure on revenue and profits, the institution is undervalued compared to similar firms and has strong asset quality, making it a "buy."
