First Merchants (FRME) Projected to Announce Earnings on Wednesday

First Merchants (NASDAQ:FRME) is projected to release 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. Investors can find conference call details on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 22, 2026 at 9:00 AM ET.

First Merchants (NASDAQ:FRME) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.28). The company had revenue of $202.49 million during the quarter, compared to analyst estimates 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

Shares of First Merchants stock opened at $39.60 on Monday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 12.69 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.56. First Merchants has a 12-month low of $34.66 and a 12-month high of $45.33. The firm’s 50-day moving average price is $41.07 and its two-hundred day moving average price is $41.30.

First Merchants Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.7%. First Merchants’s payout ratio is presently 47.44%.

Analyst Ratings Changes

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