MUNCIE, Ind. (AP) _ First Merchants Corp. (FRME) on Thursday reported fourth-quarter profit of $47.7 million.

The Muncie, Indiana-based bank said it had earnings of 89 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The bank posted revenue of $135.8 million in the period. Its revenue net of interest expense was $127.1 million, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $134.6 million.

For the year, the company reported profit of $205.5 million, or $3.81 per share. Revenue was reported as $520 million.

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