First Merchants (NASDAQ:FRME) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.94 by 4.37 percent. This is a 44.12 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $164.32 million which missed the analyst consensus estimate of $172.13 million by 4.54 percent. This is a 2.76 percent increase over sales of $159.91 million the same period last year.