First Merchants Earnings Estimate

FRME Stock  USD 38.07  0.10  0.26%   
The next projected EPS of First Merchants is estimated to be 0.9417 with future projections ranging from a low of 0.9625 to a high of 0.9725. First Merchants' most recent 12-month trailing earnings per share (EPS TTM) is at 4.0. Please be aware that the consensus of earnings estimates for First Merchants is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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First Merchants is projected to generate 0.9417 in earnings per share on the 31st of December 2025. First Merchants earnings estimates show analyst consensus about projected First Merchants EPS (Earning Per Share). It derives the highest and the lowest estimates based on First Merchants' historical volatility. Many public companies, such as First Merchants, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm.

First Merchants Revenue Breakdown by Earning Segment

By analyzing First Merchants' earnings estimates, investors can diagnose different trends across First Merchants' analyst sentiment over time as well as compare current estimates against different timeframes. At present, First Merchants' Gross Profit Margin is projected to slightly decrease based on the last few years of reporting. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade First Stock refer to our How to Trade First Stock guide.

First Merchants Earnings Estimation Breakdown

The calculation of First Merchants' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of First Merchants is estimated to be 0.9417 with the future projection ranging from a low of 0.9625 to a high of 0.9725. Please be aware that this consensus of annual earnings estimates for First Merchants is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
0.99
0.96
Lowest
Expected EPS
0.9417
0.97
Highest

First Merchants Earnings Projection Consensus

Suppose the current estimates of First Merchants' value are higher than the current market price of the First Merchants stock. In this case, investors may conclude that First Merchants is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and First Merchants' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of December 2025Current EPS (TTM)
695.68%
0.99
0.9417
4.0

First Merchants Earnings per Share Projection vs Actual

Actual Earning per Share of First Merchants refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering First Merchants predict the company's earnings will be in the future. The higher the earnings per share of First Merchants, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

First Merchants Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as First Merchants, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of First Merchants should always be considered in relation to other companies to make a more educated investment decision.

First Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact First Merchants' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2025-10-30
2025-09-300.970.990.02
2025-07-23
2025-06-300.950.980.03
2025-04-24
2025-03-310.910.940.03
2025-01-30
2024-12-310.91.00.111 
2024-10-24
2024-09-300.90.950.05
2024-07-25
2024-06-300.80.68-0.1215 
2024-04-25
2024-03-310.820.850.03
2024-01-25
2023-12-310.870.870.0
2023-10-26
2023-09-300.940.950.01
2023-07-25
2023-06-301.021.020.0
2023-04-25
2023-03-311.141.07-0.07
2023-01-26
2022-12-311.161.190.03
2022-10-25
2022-09-301.091.08-0.01
2022-07-26
2022-06-300.810.850.04
2022-04-26
2022-03-310.870.910.04
2022-01-27
2021-12-310.930.89-0.04
2021-10-26
2021-09-300.910.980.07
2021-07-26
2021-06-300.921.030.1111 
2021-04-22
2021-03-310.760.910.1519 
2021-01-28
2020-12-310.660.830.1725 
2020-10-28
2020-09-300.630.670.04
2020-07-23
2020-06-300.470.620.1531 
2020-04-23
2020-03-310.620.620.0
2020-01-30
2019-12-310.850.870.02
2019-10-24
2019-09-300.780.880.112 
2019-07-25
2019-06-300.810.830.02
2019-04-25
2019-03-310.790.78-0.01
2019-01-31
2018-12-310.820.850.03
2018-10-24
2018-09-300.80.830.03
2018-07-25
2018-06-300.750.80.05
2018-04-25
2018-03-310.710.740.03
2018-01-25
2017-12-310.620.620.0
2017-10-26
2017-09-300.560.5-0.0610 
2017-07-27
2017-06-300.550.570.02
2017-04-27
2017-03-310.520.560.04
2017-01-26
2016-12-310.50.550.0510 
2016-10-25
2016-09-300.490.510.02
2016-07-26
2016-06-300.460.50.04
2016-04-26
2016-03-310.410.430.02
2016-01-28
2015-12-310.440.37-0.0715 
2015-10-22
2015-09-300.430.450.02
2015-07-23
2015-06-300.450.470.02
2015-04-23
2015-03-310.420.430.01
2015-01-27
2014-12-310.420.41-0.01
2014-10-23
2014-09-300.430.450.02
2014-07-24
2014-06-300.410.410.0
2014-04-24
2014-03-310.40.38-0.02
2014-01-28
2013-12-310.330.340.01
2013-10-24
2013-09-300.350.350.0
2013-07-25
2013-06-300.320.340.02
2013-04-25
2013-03-310.30.380.0826 
2013-01-24
2012-12-310.30.320.02
2012-10-25
2012-09-300.290.350.0620 
2012-07-26
2012-06-300.230.280.0521 
2012-04-26
2012-03-310.250.460.2184 
2012-01-26
2011-12-310.20.240.0420 
2011-10-25
2011-09-30-0.25-0.250.0
2011-07-28
2011-06-300.160.180.0212 
2011-04-28
2011-03-310.090.170.0888 
2011-01-27
2010-12-310.060.10.0466 
2010-10-28
2010-09-30-0.010.020.03300 
2010-07-28
2010-06-30-0.040.350.39975 
2010-04-28
2010-03-31-0.080.010.09112 
2010-02-01
2009-12-31-0.16-0.55-0.39243 
2009-11-02
2009-09-30-0.04-0.3-0.26650 
2009-08-03
2009-06-300.01-1.49-1.515000 
2009-04-29
2009-03-310.220.17-0.0522 
2009-02-05
2008-12-310.260.01-0.2596 
2008-10-22
2008-09-300.40.32-0.0820 
2008-07-23
2008-06-300.440.36-0.0818 
2008-04-22
2008-03-310.470.45-0.02
2008-01-23
2007-12-310.420.510.0921 
2007-10-18
2007-09-300.450.460.01
2007-07-20
2007-06-300.390.34-0.0512 
2007-05-01
2007-03-310.410.420.01
2007-01-23
2006-12-310.420.420.0
2006-10-23
2006-09-300.420.420.0
2006-07-24
2006-06-300.420.39-0.03
2006-04-19
2006-03-310.440.41-0.03
2006-01-27
2005-12-310.450.41-0.04
2005-10-17
2005-09-300.450.44-0.01
2005-07-18
2005-06-300.430.430.0
2005-04-20
2005-03-310.390.35-0.0410 
2005-01-28
2004-12-310.420.4-0.02
2004-10-20
2004-09-300.410.410.0
2004-07-21
2004-06-300.380.40.02
2004-04-22
2004-03-310.350.370.02
2004-01-21
2003-12-310.40.31-0.0922 
2003-10-22
2003-09-300.470.39-0.0817 
2003-07-21
2003-06-300.440.480.04
2003-04-28
2003-03-310.440.32-0.1227 
2003-01-23
2002-12-310.460.38-0.0817 
2002-10-28
2002-09-300.460.460.0
2002-07-22
2002-06-300.430.460.03
2002-01-24
2001-12-310.430.39-0.04
2001-10-24
2001-09-300.420.430.01
2001-07-24
2001-06-300.410.410.0
2001-04-11
2001-03-310.390.38-0.01
2001-01-23
2000-12-310.410.35-0.0614 
2000-10-18
2000-09-300.40.410.01
2000-07-20
2000-06-300.380.390.01
2000-04-12
2000-03-310.370.380.01
2000-01-24
1999-12-310.360.35-0.01
1999-11-16
1999-09-300.350.34-0.01
1999-06-09
1999-03-310.330.340.01
1999-01-27
1998-12-310.340.33-0.01
1998-10-29
1998-09-300.340.33-0.01
1998-07-20
1998-06-300.330.32-0.01
1998-04-21
1998-03-310.320.320.0
1998-01-30
1997-12-310.310.320.01
1997-11-04
1997-09-300.310.29-0.02
1997-04-30
1997-03-310.290.30.01
1997-02-13
1996-12-310.290.30.01
1996-11-04
1996-09-300.30.29-0.01
1996-07-29
1996-06-300.30.29-0.01
1996-04-18
1996-03-310.290.26-0.0310 
1996-02-01
1995-12-310.290.290.0
1995-10-31
1995-09-300.280.410.1346 

About First Merchants Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of First Merchants earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current First Merchants estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as First Merchants fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for Next Year
Retained Earnings1.5 B1.5 B
Retained Earnings Total Equity1.2 B1.2 B
Earning Assets3.2 B1.9 B
Earnings Yield 0.10  0.07 
Price Earnings Ratio 10.39  10.71 
Price Earnings To Growth Ratio(1.21)(1.15)

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When determining whether First Merchants is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Merchants Stock. Highlighted below are key reports to facilitate an investment decision about First Merchants Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade First Stock refer to our How to Trade First Stock guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Merchants. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Merchants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.168
Dividend Share
1.42
Earnings Share
4
Revenue Per Share
11.265
Quarterly Revenue Growth
0.072
The market value of First Merchants is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Merchants' value that differs from its market value or its book value, called intrinsic value, which is First Merchants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Merchants' market value can be influenced by many factors that don't directly affect First Merchants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Merchants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Merchants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.