First Merchants Corporation (FRME) Stock Forecast
FRME analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 4.17 / 5 from 6 analysts
- Price target
- $46.50 average of analyst targets
- Upside to target
- +17.4% from the latest close
- Next earnings
- October 21, 2026 EPS estimate $1.04
- 52-week range
- $34.99 – $45.23
FRME analyst ratings
6 analystsNumber of analysts at each rating.
FRME price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
FRME earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $1.04 | $1.02 | $1.07 | $0.99 | +5.4% | 6 |
| Current fiscal year (2026) | $3.86 | $3.76 | $3.90 | $3.89 | −0.9% | 6 |
| Next fiscal year (2027) | $4.47 | $4.41 | $4.53 | $3.86 | +15.9% | 6 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
FRME revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $203.9M | $202.7M | $205.1M | +18.3% | 5 |
| Current fiscal year (2026) | $805.1M | $801.8M | $807.0M | +17.1% | 5 |
| Next fiscal year (2027) | $845.6M | $839.4M | $850.5M | +5.0% | 5 |
FRME EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
FRME revenue: reported and forecast
FRME EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $1.08 | $1.04 | $1.04 | $1.04 | $1.04 | −3.1% | 2 up · 1 down |
| Current fiscal year (2026) | $4.26 | $3.86 | $3.86 | $3.87 | $3.86 | −9.5% | 2 up · 1 down |
| Next fiscal year (2027) | $4.61 | $4.48 | $4.48 | $4.49 | $4.47 | −3.0% | 2 up · 1 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
FRME earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; FRME beat in 9 of 12.
What analysts expect from FRME
6 analysts cover First Merchants; their consensus rating is buy (4.17 on a 1–5 scale, where 5 is a strong buy). The average price target is $46.50, 17.4% above the latest close of $39.60. Analysts expect earnings of $3.86 per share for 2026, −0.9% from a year earlier. For 2027 the average estimate is $4.47 per share on revenue of $845.6 million. First Merchants beat the EPS estimate in 9 of the last 12 quarters.
Related: FRME income statement, FRME key metrics, FRME chart. See the FRME stock overview for the latest quote and news.
FRME forecast FAQ
What is First Merchants's price target?
The average analyst price target for First Merchants is $46.50, 17.4% above the latest close of $39.60.
Is First Merchants a buy, hold or sell?
Of 6 analysts covering First Merchants, 2 rate it a strong buy, 3 a buy, 1 a hold, 0 a sell and 0 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is First Merchants's EPS forecast?
Analysts forecast $3.86 per share for 2026 (range $3.76 to $3.90); for 2027 the estimate is $4.47.
What is First Merchants's revenue forecast?
The average revenue estimate for 2026 is $805.1 million, growth of 17.1%; for 2027 it is $845.6 million.
When does First Merchants report earnings?
First Merchants is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes; the EPS estimate is $1.04.
Does First Merchants usually beat earnings estimates?
First Merchants reported EPS at or above the analyst estimate in 9 of the last 12 quarters.