First Merchants (FRME) Projected to Post Earnings on Wednesday

Key Points

• First Merchants is expected to report Q3 2026 results after market close on October 21. Analysts project earnings of $1.04 per share on revenue of approximately $203.94 million; the earnings call is scheduled for October 22.
• The bank previously missed earnings expectations, reporting $0.74 EPS versus the $1.02 consensus estimate, while revenue was nearly in line at $202.49 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $46, compared with the stock’s recent $39.06 price. First Merchants also pays a $0.37 quarterly dividend, representing a 3.8% annualized yield.

First Merchants (NASDAQ:FRME - Get Free Report) is projected to release its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect the company to post earnings of $1.04 per share and revenue of $203.94 million for the quarter. Individuals are encouraged to explore the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, October 22, 2026 at 9:00 AM ET.

First Merchants (NASDAQ:FRME - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.28). First Merchants had a net margin of 17.05% and a return on equity of 8.86%. The business had revenue of $202.49 million for the quarter, compared to analysts' expectations of $202.78 million. On average, analysts expect First Merchants to post $3.91 EPS for the current fiscal year and $4.46 EPS for the next fiscal year.

First Merchants Stock Down 0.5%

Shares of NASDAQ:FRME opened at $39.06 on Wednesday. The stock's 50-day moving average price is $41.29 and its 200-day moving average price is $41.27. First Merchants has a 12-month low of $34.66 and a 12-month high of $45.33. The stock has a market capitalization of $2.45 billion, a P/E ratio of 10.49 and a beta of 0.87. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56.

First Merchants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 4th. First Merchants's payout ratio is 47.44%.

Analysts Set New Price Targets

Several brokerages recently weighed in on FRME. Weiss Ratings upgraded First Merchants from a "hold (c+)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Raymond James Financial upgraded First Merchants from a "market perform" rating to an "outperform" rating and set a $46.00 price target on the stock in a research report on Tuesday, October 6th. Stephens raised First Merchants to a "hold" rating in a research note on Tuesday, September 22nd. Finally, Piper Sandler decreased their price target on First Merchants from $51.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, October 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

First Merchants Company Profile

First Merchants Corporation NASDAQ: FRME is a financial services company headquartered in Muncie, Indiana. Through its principal subsidiary, First Merchants Bank, the company provides banking and related financial services to individuals, families, businesses, and institutions.

Its offerings include personal and business deposit accounts, consumer and commercial loans, residential mortgage lending, cash-management and treasury services, investment and trust services, and wealth-management solutions.

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