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MUNCIE, Ind. (AP) — MUNCIE, Ind. (AP) — First Merchants Corp. (FRME) on Thursday reported first-quarter net income of $55.3 million.

The bank, based in Muncie, Indiana, said it had earnings of 94 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The bank posted revenue of $252.6 million in the period. Its revenue net of interest expense was $160.3 million, which did not meet Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FRME at https://www.zacks.com/ap/FRME