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First Merchants Corporation

FRME Finance Major Banks
$40.68
▲ +1.8% Today
as of Oct 23, 16:48 ET
Last 30 days -2.00% Sep 14 → Oct 23
$38.54 $39.40 $40.25 $41.11 $41.97 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$40.67
High
$41.02
Low
$40.39
Volume
$417,114
Avg Vol
$385,438
Mkt Cap
$2.5B
P/E (TTM)
16.43
Beta
—
52w High
$45.33
52w Low
$34.66
Div Yield
—
Shares Out
$63M

Recent Press Releases & News last 60 days · 25 items

▸ Show all 25 press releases & news Free account →

FRME earnings at a glance

The options market is pricing a move of about ±12.3% after the report, a range of roughly $35.68 to $45.68 from today's $40.68. Over its last 6 reports the stock rose the next day 1 time and fell 5, moving ±2.0% on average; after the most recent report on Jul 22, 2026 it moved -4.3%. That means options currently expect more movement than FRME has typically delivered. FRME beat the consensus EPS estimate in 5 of its last 6 reported quarters. Implied volatility is currently 71%. The share price of $40.68 sits in the middle of its 52-week range.

More Finance stocks · All stocks · Earnings calendar

Overview

52-week range
$35
$45
56% of range
Avg surprise (last 6)
-1.4%
Avg reaction (last 6)
-1.8%
17% positive
Latest IV / EM
71%
EM ±12.3% · $40 · Sep 18

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.68$0.78$0.88$0.97$1.07 Actual $1.07Actual $1.02Actual $0.94Actual $0.80Actual $0.68Actual $0.84Actual $0.94Est $0.91Actual $0.98Est $0.94Actual $0.99Est $0.96Actual $0.98Est $0.96Actual $1.03Est $0.96Actual $0.74Est $1.02 MarJunSepMarJunSepMar/2025Jun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$0$15M$30M$45M$60M Jun 24Sep 24Mar 25Jun 25Sep 25Mar 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Wed Jul 22, 2026Jun/2026 $0.74 $1.02 -28.2% +4.1% -4.3% earnings
Wed Apr 22, 20268K 2026-04-22 $1.03 $0.96 +7.3% — -1.7% earnings
Mon Jan 26, 20268K 2026-01-26 $0.98 $0.96 +2.1% — +0.5% earnings
Wed Oct 22, 2025Sep/2025 $0.99 $0.96 +3.1% — -0.5% earnings
Wed Jul 23, 2025Jun/2025 $0.98 $0.94 +4.3% — -3.7% earnings
Thu Apr 24, 2025Mar/2025 $0.94 $0.91 +3.3% — -1.1% earnings
Mon Sep 30, 2024Sep 2024 $0.84 — — — — financials
Sun Jun 30, 2024Jun 2024 $0.68 — — — — financials
Sun Mar 31, 2024Mar 2024 $0.80 — — — — financials
Sat Sep 30, 2023Sep 2023 $0.94 — — — — financials
Fri Jun 30, 2023Jun 2023 $1.02 — — — — financials
Fri Mar 31, 2023Mar 2023 $1.07 — — — — financials
Fri Sep 30, 2022Sep 2022 $1.08 — — — — financials

Financials

Income statement (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue————————
Cost of revenue————————
Gross profit————————
Operating income————————
Net income$28M—$57M$57M$55M—$49M$40M
EPS (diluted)$0.45—$0.98$0.98$0.94—$0.84$0.68

Balance sheet (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Cash & equivalents————————
Inventory————————
Total current assets————————
Total assets$21.07B$19.03B$18.81B$18.59B$18.44B$18.31B$18.35B$18.30B
Long-term debt————————
Total liabilities$18.40B$16.56B$16.40B$16.24B$16.11B$16.01B$16.05B$16.09B
Total equity$2.67B$2.47B$2.41B$2.35B$2.33B$2.30B$2.30B$2.21B

Implied volatility — last 90 days

48%103%159%214%269% Jun 11 — IV 112% · EM ±12.4%Jun 12 — IV 121% · EM ±12.4%Jun 15 — IV 171% · EM ±12.4%Jun 16 — IV 210% · EM ±12.4%Jun 19 — IV 58% · EM ±12.8%Jun 22 — IV 59% · EM ±12.4%Jun 23 — IV 59% · EM ±12.2%Jun 24 — IV 61% · EM ±12.2%Jun 25 — IV 62% · EM ±12.2%Jul 01 — IV 69% · EM ±11.5%Jul 02 — IV 71% · EM ±11.5%Jul 08 — IV 97% · EM ±12.1%Jul 09 — IV 101% · EM ±12.0%Jul 10 — IV 106% · EM ±11.7%Jul 13 — IV 142% · EM ±11.8%Jul 15 — IV 197% · EM ±11.7%Jul 16 — IV 270% · EM ±11.3%Jul 20 — IV 48% · EM ±11.4%Jul 23 — IV 88% · EM ±19.9%Jul 24 — IV 53% · EM ±11.8%Jul 27 — IV 57% · EM ±12.0%Jul 28 — IV 58% · EM ±12.0%Jul 31 — IV 62% · EM ±11.8%Aug 03 — IV 66% · EM ±11.7%Aug 07 — IV 77% · EM ±12.0%Aug 10 — IV 87% · EM ±12.0%Aug 11 — IV 90% · EM ±11.9%Aug 12 — IV 94% · EM ±11.8%Aug 19 — IV 206% · EM ±12.1%Aug 24 — IV 58% · EM ±12.2%Aug 25 — IV 59% · EM ±12.0%Aug 31 — IV 102% · EM ±18.1%Sep 01 — IV 71% · EM ±12.3%

Sector peers

FRME earnings FAQ

What is FRME's expected move for earnings?

Options currently price a move of about ±12.3%, or $5.00 per share either way from $40.68.

How does FRME stock usually react to earnings?

Across the last 6 reports the average next-day move was ±2.0%, up 1 times and down 5 times.

What is FRME's implied volatility?

FRME's at-the-money implied volatility is about 71% based on the latest options snapshot.

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