First Merchants (NASDAQ:FRME) reported quarterly earnings of $1.03 per share which beat the analyst consensus estimate of $0.93 by 10.75 percent. This is a 9.57 percent increase over earnings of $0.94 per share from the same period last year. The company reported quarterly sales of $157.132 million which missed the analyst consensus estimate of $188.430 million by 16.61 percent. This is a 1.99 percent decrease over sales of $160.318 million the same period last year.