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  3. FRME
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FRME

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    Overview
    Forecast
    Valuation
    Earnings
High
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Open
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VWAP
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Vol
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Mkt Cap
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Low
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Amount
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EV/EBITDA(TTM)
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Total Shares
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EV
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EV/OCF(TTM)
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P/S(TTM)
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Market Estimates

Earnings Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2026Q1
FY2026Q2
172.85M
-2.41%
0.952
-4.83%
179.73M
+7.98%
0.933
-0.71%
196.15M
+15.03%
1.033
+5.44%
Estimates Revision
The market is revising Downward the revenue expectations for First Merchants Corporation (FRME) for FY2025, with the revenue forecasts being adjusted by -0.06% over the past three months. During the same period, the stock price has changed by -8.32%.
Revenue Estimates for FY2025
Revise Downward
down Image
-0.06%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
up Image
+0.33%
In Past 3 Month
Stock Price
Go Down
down Image
-8.32%
In Past 3 Month
Wall Street analysts forecast FRME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRME is 47.33 USD with a low forecast of 46.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast FRME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRME is 47.33 USD with a low forecast of 46.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 37.600
sliders
Low
46.00
Averages
47.33
High
50.00
Current: 37.600
sliders
Low
46.00
Averages
47.33
High
50.00
Piper Sandler
Overweight
downgrade
$48 -> $46
2025-10-27
Reason
Piper Sandler
Price Target
$48 -> $46
2025-10-27
downgrade
Overweight
Reason
Piper Sandler lowered the firm's price target on First Merchants to $46 from $48 and keeps an Overweight rating on the shares. Following solid Q3 results with in-line PPNR and improved credit metrics, the firm believes First Merchants remains well-positioned to generate price-to-earnings expansion above peers.
Raymond James
Raymond James
Outperform -> Market Perform
downgrade
2025-09-26
Reason
Raymond James
Raymond James
Price Target
2025-09-26
downgrade
Outperform -> Market Perform
Reason
Raymond James downgraded First Merchants to Market Perform from Outperform without a price target following the announcement to acquire First Savings Financial. While the deal creates entry into Louisville and boosts earnings forecasts, First Merchants' use of capital lessens the likelihood of share repurchases and material securities restructurings near-term, the analyst tells investors in a research note. In addition, the bank's core net interest margin faces some headwinds with lower rates, adds Raymond James.
Keefe Bruyette
Outperform
maintain
$49 -> $50
2025-09-26
Reason
Keefe Bruyette
Price Target
$49 -> $50
2025-09-26
maintain
Outperform
Reason
Keefe Bruyette raised the firm's price target on First Merchants to $50 from $49 and keeps an Outperform rating on the shares. The company's First Savings Financial acquisition is expected to be 11% accretive to earnings and expands First Merchants' footprint into the greater Louisville marketplace, the analyst tells investors in a research note. Keefe views the deal favorably.
Piper Sandler
Overweight
downgrade
$49 -> $48
2025-07-28
Reason
Piper Sandler
Price Target
$49 -> $48
2025-07-28
downgrade
Overweight
Reason
Piper Sandler lowered the firm's price target on First Merchants to $48 from $49 and keeps an Overweight rating on the shares. Apart from slightly less core fee income growth, the firm believes First Merchants generated strong Q2 results and remains well-positioned to generate multiple expansion above peers.
Keefe Bruyette
Outperform
to
Outperform
downgrade
$52 -> $49
2025-04-25
Reason
Keefe Bruyette
Price Target
$52 -> $49
2025-04-25
downgrade
Outperform
to
Outperform
Reason
Keefe Bruyette lowered the firm's price target on First Merchants to $49 from $52 and keeps an Outperform rating on the shares.
Raymond James
Daniel Tamayo
Buy
Maintains
$50 → $46
2025-04-02
Reason
Raymond James
Daniel Tamayo
Price Target
$50 → $46
2025-04-02
Maintains
Buy
Reason
Raymond James lowered the firm's price target on First Merchants to $46 from $50 and keeps an Outperform rating on the shares. The firm now contemplates a modestly slower pace of balance sheet growth from its prior estimates. Given expectations for solid profitability, growth and credit metrics, shares are poised to close the current discount gap to peers, the analyst tells investors in a research note.
See All Ratings

Valuation Metrics

The current forward P/E ratio for First Merchants Corp (FRME.O) is 9.42, compared to its 5-year average forward P/E of 10.22. For a more detailed relative valuation and DCF analysis to assess First Merchants Corp 's fair value, click here.
  • Forward PE
  • Forward EV/EBITDA
  • Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PE
10.22
Current PE
9.42
Overvalued PE
11.65
Undervalued PE
8.78

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.00
Current EV/EBITDA
0.00
Overvalued EV/EBITDA
0.00
Undervalued EV/EBITDA
0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
3.41
Current PS
0.00
Overvalued PS
3.98
Undervalued PS
2.84
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Financials

Annual
Quarterly
N/A
Total Revenue
N/A
Operating Profit
N/A
Net Income after Tax
N/A
EPS - Diluted
N/A
Free Cash Flow
N/A
FCF Margin - %
N/A
Net Margin - %
N/A
ROIC

Trading Trends

  • Insider
  • Hedge Fund
  • Congress Trading
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
Bought
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
Bought
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
Bought
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FRME News & Events

Events Timeline

(ET)
2025-10-22
16:16:19
First Merchants Announces Q3 EPS of 98c, Exceeding Consensus of 96c
select
2025-09-25 (ET)
2025-09-25
08:17:35
First Merchants and First Savings to Combine in $241.3 Million All-Stock Deal
select
2025-07-23 (ET)
2025-07-23
16:25:26
First Merchants reports Q2 EPS 98c, consensus 94c
select
Sign Up For More Events
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News

[object Object]
Preview
8.0
12-03NASDAQ.COM
Upcoming Ex-Dividend Dates for First Merchants, Mercantile Bank, and Universal Insurance Holdings

  • Upcoming Ex-Dividend Dates: First Merchants Corp (FRME), Mercantile Bank Corp. (MBWM), and Universal Insurance Holdings Inc (UVE) will trade ex-dividend on 12/5/25, with respective dividends of $0.36, $0.38, and $0.16 scheduled for payment on 12/19/25, 12/17/25, and 12/12/25.

  • Expected Price Adjustments: Following the ex-dividend date, FRME shares are expected to open 0.98% lower, MBWM by 0.82%, and UVE by 0.49%, based on their recent stock prices.

  • Dividend Yield Estimates: The estimated annualized yields for the upcoming dividends are 3.91% for First Merchants Corp, 3.27% for Mercantile Bank Corp., and 1.96% for Universal Insurance Holdings Inc, reflecting their historical dividend stability.

  • Current Trading Performance: As of Wednesday trading, shares of First Merchants Corp are down about 1%, Mercantile Bank Corp. down 0.2%, and Universal Insurance Holdings Inc down 0.5%.

[object Object]
Preview
6.5
11-24NASDAQ.COM
Zacks Value Investor Spotlight: Truist Financial, First Merchants, Valley National, Simmons First National, and Prosperity Bancshares

  • Podcast Overview: The Zacks Value Investor podcast, hosted by Tracey Ryniec, discusses value investing strategies and stock picks, focusing on finding quality value stocks for 2026 amidst a market dominated by growth stocks.

  • Banking Sector Insights: While mega-cap banks like JPMorgan Chase and Bank of America are currently favored, value investors are encouraged to explore regional and community banks, which may offer better value with lower price-to-book (P/B) ratios.

  • Highlighted Banks: Several banks are identified as potential investment opportunities, including Truist Financial, First Merchants, Valley National Bancorp, Simmons First National, and Prosperity Bancshares, all of which have favorable earnings growth projections and attractive dividends.

  • Investment Strategy: The podcast emphasizes the importance of using the P/B ratio for evaluating banks and suggests that investors should consider overlooked banks that are currently undervalued in the market.

[object Object]
Preview
3.0
11-22NASDAQ.COM
Top 5 Affordable Bank Stocks to Consider for 2026

  • Value Investing in 2026: With growth stocks dominating in 2025, value investors are seeking quality stocks for 2026, particularly in out-of-favor industries like banks, which may offer rising earnings estimates despite current market trends.

  • Bank Valuation Metrics: Investors should focus on the price-to-book (P/B) ratio rather than the price-to-earnings (P/E) ratio when evaluating banks, with a recommendation to buy when the P/B is at 1.0 and sell at 2.0.

  • Highlighted Bank Stocks: Several regional and community banks are identified as potential value investments, including Truist Financial, First Merchants, Valley National Bancorp, Simmons First National, and Prosperity Bancshares, all of which have favorable growth projections and low P/B ratios.

  • Investment Opportunities: The podcast emphasizes that many of these stocks are currently overlooked by Wall Street, presenting a unique opportunity for investors to capitalize on potential growth in the coming year.

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FAQ

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What is First Merchants Corp (FRME) stock price today?

The current price of FRME is 37.6 USD — it has increased 0.21 % in the last trading day.

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What is First Merchants Corp (FRME)'s business?

First Merchants Corporation is a financial holding company. The Company has one full-service bank charter, First Merchants Bank (the Bank). The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). Through the Bank, the Company offers a broad range of commercial and consumer banking services to meet the diverse needs of its customers. Its commercial banking team offers a full spectrum of debt capital, treasury management services and depository products. The consumer banking group offers a variety of consumer deposit and lending products. The mortgage banking team offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Private Wealth Advisors offers personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. The Bank includes about 110 banking locations in Indiana, Ohio, and Michigan.

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What is the price predicton of FRME Stock?

Wall Street analysts forecast FRME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRME is 47.33 USD with a low forecast of 46.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

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What is First Merchants Corp (FRME)'s revenue for the last quarter?

First Merchants Corp revenue for the last quarter amounts to 152.46M USD, increased 7.01 % YoY.

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What is First Merchants Corp (FRME)'s earnings per share (EPS) for the last quarter?

First Merchants Corp. EPS for the last quarter amounts to 0.98 USD, increased 16.67 % YoY.

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What changes have occurred in the market's expectations for First Merchants Corp (FRME)'s fundamentals?

The market is revising Downward the revenue expectations for First Merchants Corporation (FRME) for FY2025, with the revenue forecasts being adjusted by -0.06% over the past three months. During the same period, the stock price has changed by -8.32%.
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How many employees does First Merchants Corp (FRME). have?

First Merchants Corp (FRME) has 2120 emplpoyees as of December 05 2025.

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What is First Merchants Corp (FRME) market cap?

Today FRME has the market capitalization of 2.17B USD.

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