First Merchants Corp. (FRME) Reports Net Income of $64.3 Million in Q4

First Merchants Corp. (FRME) announced a net income of $64.3 million for the fourth quarter, surpassing analysts' estimates. Earnings per share were $1.10, while adjusted earnings per share were $1.00.

Revenue for the period totaled $277.4 million, with net interest revenue of $177.1 million, exceeding market expectations.

For the full year, the company reported a profit of $201.4 million or $3.41 per share, and revenue of $646.7 million.