/FRME
FRME Stock - First Merchants Corporation
Financial Services|Banks - RegionalNASDAQ
$38.36-1.59%
$0.62 (-1.59%) • Dec 19
72
GoAI Score
GoAI Score
Weighted average: Momentum (25%) + Sentiment (35%) + Risk (20%) + Value (20%). ≥70 = BUY, ≤35 = SELL.BUY
Medium Confidence
Momentum
Momentum Score
Based on price vs 50-day MA (40%), 200-day MA (40%), and MA crossover (20%). Higher = stronger uptrend.58
Sentiment
Sentiment Score
Based on analyst price target upside. 50 = neutral, 100 = very bullish (25%+ upside expected).90
Risk Score
Risk Score
Based on stock beta (volatility). Higher score = lower risk. Red (<40) = high volatility, Green (>60) = stable.82
Price Target
Price Target
Average analyst price target from the last quarter. Shows expected upside/downside from current price.+19.9%upside
Target: $45.99
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ENTRY ZONE$37.98 – $38.74
TARGET (TP)$46.00
STOP LOSS$35.29
RISK/REWARD1:2.5
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Price Chart
Financial Statements
Revenue & Profitability Trend
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Revenue
Net Income (Profit)
Net Loss
Key Metrics
Market CapN/A
P/E RatioN/A
Beta0.96
52W High$45.62
52W Low$33.13
Avg VolumeN/A
Income Statement (Fiscal Year)
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.05B | $999.49M | $712.95M | $555.96M | $558.43M |
| Gross Profit | $591.01M | $647.50M | $611.39M | $520.00M | $433.38M |
| Gross Margin | 56.1% | 64.8% | 85.8% | 93.5% | 77.6% |
| Operating Income | $231.73M | $259.23M | $255.67M | $240.79M | $169.97M |
| Net Income | $201.40M | $223.79M | $222.09M | $205.53M | $148.60M |
| Net Margin | 19.1% | 22.4% | 31.2% | 37.0% | 26.6% |
| EPS | $3.42 | $3.74 | $3.83 | $3.82 | $2.75 |
Company Overview
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Visit WebsiteRating Distribution
Strong Buy
1
25%
Buy / Outperform
2
50%
Hold / Neutral
1
25%
Sell / Underperform
0%
Analyst Consensus🟢 Bullish
3 Bullish1 Neutral/Bearish
Price Targets
$44
Average Target
↑ 14.7% Upside
Now
$38
Low
$44
Average
$50
High
Based on 4 analysts
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 26th 2025 | Raymond James | Downgrade | Market Perform | - |
| January 31st 2025 | Hovde Group | Upgrade | Outperform | $50 |
| August 12th 2024 | Hovde Group | Resumed | Market Perform | $38← $35 |
| August 7th 2024 | Stephens | Downgrade | Equal Weight | $38← $45 |
| February 21st 2023 | Raymond James | Downgrade | Outperform | $50 |
| July 7th 2022 | Raymond James | Upgrade | Strong Buy | - |
Earnings History & Surprises
FRMEBeat Rate
61%
Last 18 quarters
Avg Surprise
+1.9%
EPS vs Estimate
Beats / Misses
11/5
2 met exactly
Latest EPS
$0.99
Q4 2025
EPS Surprise History
Q1 24
0.0%
$0.87vs$0.87
Q2 24
+3.7%
$0.85vs$0.82
Q3 24
-15.0%
$0.68vs$0.80
Q4 24
-6.7%
$0.84vs$0.90
Q1 25
+11.1%
$1.00vs$0.90
Q2 25
+3.3%
$0.94vs$0.91
Q3 25
+4.3%
$0.98vs$0.94
Q4 25
+3.1%
$0.99vs$0.96
Beat Estimate
Missed Estimate
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $0.96 | — | — | — |
Q4 2025 | Oct 22, 2025 | $0.96 | $0.99 | +3.1% | ✓ BEAT |
Q3 2025 | Jul 23, 2025 | $0.94 | $0.98 | +4.3% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.91 | $0.94 | +3.3% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $0.90 | $1.00 | +11.1% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.90 | $0.84 | -6.7% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.80 | $0.68 | -15.0% | ✗ MISS |
Q2 2024 | Apr 25, 2024 | $0.82 | $0.85 | +3.7% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.87 | $0.87 | 0.0% | = MET |
Q4 2023 | Oct 26, 2023 | $0.94 | $0.95 | +1.1% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $1.02 | $1.02 | 0.0% | = MET |
Q2 2023 | Apr 25, 2023 | $1.14 | $1.07 | -6.1% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $1.16 | $1.19 | +2.6% | ✓ BEAT |
Q4 2022 | Oct 25, 2022 | $1.09 | $1.08 | -0.9% | ✗ MISS |
Q3 2022 | Jul 26, 2022 | $0.88 | $1.01 | +14.8% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $0.87 | $0.91 | +4.6% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $0.93 | $0.89 | -4.3% | ✗ MISS |
Q4 2021 | Oct 26, 2021 | $0.91 | $0.98 | +7.7% | ✓ BEAT |
Q3 2021 | Jul 26, 2021 | $0.92 | $1.03 | +12.0% | ✓ BEAT |
Latest News
Piper Sandler Maintains Overweight on First Merchants, Lowers Price Target to $46
➖ NeutralBenzinga•Oct 27, 2025, 01:20 PM
First Merchants Q3 Adj. EPS $0.99 Beats $0.96 Estimate, Sales $166.142M Miss $172.687M Estimate
➖ NeutralBenzinga•Oct 22, 2025, 08:06 PM
Stephens & Co. Reiterates Equal-Weight on First Merchants, Maintains $46 Price Target
➖ NeutralBenzinga•Sep 29, 2025, 01:33 PM
Raymond James Downgrades First Merchants to Market Perform
📉 NegativeBenzinga•Sep 26, 2025, 02:08 PM
Keefe, Bruyette & Woods Maintains Outperform on First Merchants, Raises Price Target to $50
📈 PositiveBenzinga•Sep 26, 2025, 10:33 AM
First Savings To Merge With And Into First Merchants In All-Stock Transaction Currently Valued At ~$241.3M
➖ NeutralBenzinga•Sep 25, 2025, 12:17 PM
Frequently Asked Questions about FRME
What is FRME's current stock price?
First Merchants Corporation (FRME) is currently trading at $38.36 per share. The stock has moved -1.59% today.
What is the analyst price target for FRME?
The average analyst price target for FRME is $46.00, based on 1 analyst.
What sector is First Merchants Corporation in?
First Merchants Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. The company is traded on the NASDAQ exchange.
What is FRME's market cap?
First Merchants Corporation has a market capitalization of $2.21 billion, making it a mid-cap company.
Does FRME pay dividends?
No, First Merchants Corporation does not currently pay a dividend to shareholders.
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