Benzinga | Jul 23, 2020 08:22AM EDT

First Merchants Q2 EPS $0.62 Beats $0.50 Estimate, Sales $119.50M Miss $119.86M Estimate

First Merchants (NASDAQ:FRME) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.50 by 24 percent. This is a 25.3 percent decrease over earnings of $0.83 per share from the same period last year. The company reported quarterly sales of $119.50 million which missed the analyst consensus estimate of $119.86 million by 0.30 percent. This is a 11.79 percent increase over sales of $106.89 million the same period last year.