First Merchants (FRME) Set to Release Earnings on Wednesday

by · The Markets Daily

First Merchants (NASDAQ:FRME – Get Free Report) is expected to be issuing its Q3 2026 results after the market closes on Wednesday, October 21st. Analysts expect First Merchants to post earnings of $1.04 per share and revenue of $203.94 million for the quarter. Parties can check the company’s upcoming Q3 2026 earnings results 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 announced its earnings results on Wednesday, July 22nd. The bank reported $0.74 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.28). The company had revenue of $202.49 million during the quarter, compared to the consensus estimate of $202.78 million. First Merchants had a net margin of 17.05% and a return on equity of 8.86%. On average, analysts expect First Merchants to post $3.85 EPS for the current fiscal year and $4.47 EPS for the next fiscal year.

First Merchants Stock Performance

NASDAQ:FRME opened at $39.38 on Tuesday. The company has a market capitalization of $2.47 billion, a PE ratio of 10.59 and a beta of 0.87. The company has a 50 day simple moving average of $41.01 and a two-hundred day simple moving average of $41.30. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 0.95. First Merchants has a fifty-two week low of $34.66 and a fifty-two week high of $45.33.

First Merchants Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings raised shares of First Merchants from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Raymond James Financial upgraded shares of First Merchants from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research report on Tuesday, October 6th. Stephens raised shares of First Merchants to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Piper Sandler lowered their target price on shares of First Merchants from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

View Our Latest Analysis on First Merchants

About First Merchants

(Get Free Report)

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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