First Merchants Future Growth

Future criteria checks 1/6

First Merchants is forecast to grow earnings and revenue by 7.6% and 6% per annum respectively. EPS is expected to grow by 8.6% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

7.6%

Earnings growth rate

8.6%

EPS growth rate

Banks earnings growth	10.2%
Revenue growth rate	6.0%
Future return on equity	8.6%
Analyst coverage	Good
Last updated	09 Dec 2024

Recent future growth updates

Recent updates

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Nov 16

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

Sep 18

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 31

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

May 14

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

May 03

First Merchants declares $0.32 dividend

Aug 10

First Merchants Non-GAAP EPS of $1.01 beats by $0.13, revenue of $156.94M beats by $1.6M

Jul 26

First Merchants: The Level One Acquisition Will Boost Earnings Power

Jun 07

First Merchants' (NASDAQ:FRME) Dividend Will Be Increased To US$0.32

May 14

Here's Why I Think First Merchants (NASDAQ:FRME) Might Deserve Your Attention Today

Mar 24

Earnings and Revenue Growth Forecasts

NasdaqGS:FRME - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	705	214	N/A	N/A	5
12/31/2025	678	206	N/A	N/A	5
12/31/2024	662	191	N/A	N/A	5
9/30/2024	593	178	264	264	N/A
6/30/2024	601	185	268	268	N/A
3/31/2024	630	206	230	230	N/A
12/31/2023	648	222	259	259	N/A
9/30/2023	666	250	333	333	N/A
6/30/2023	676	258	302	302	N/A
3/31/2023	652	236	322	322	N/A
12/31/2022	611	221	284	284	N/A
9/30/2022	565	198	191	191	N/A
6/30/2022	529	188	207	207	N/A
3/31/2022	524	205	205	205	N/A
12/31/2021	520	206	215	215	N/A
9/30/2021	518	203	221	221	N/A
6/30/2021	492	186	184	184	N/A
3/31/2021	454	164	185	185	N/A
12/31/2020	433	149	204	204	N/A
9/30/2020	429	151	186	186	N/A
6/30/2020	433	152	210	210	N/A
3/31/2020	442	160	198	198	N/A
12/31/2019	441	164	177	177	N/A
9/30/2019	425	158	181	181	N/A
6/30/2019	419	163	182	182	N/A
3/31/2019	413	161	201	201	N/A
12/31/2018	408	159	180	180	N/A
9/30/2018	399	142	183	183	N/A
6/30/2018	385	125	N/A	151	N/A
3/31/2018	363	110	N/A	122	N/A
12/31/2017	339	96	N/A	127	N/A
9/30/2017	315	94	N/A	102	N/A
6/30/2017	297	91	N/A	129	N/A
3/31/2017	290	87	N/A	114	N/A
12/31/2016	286	81	N/A	104	N/A
9/30/2016	278	73	N/A	83	N/A
6/30/2016	271	69	N/A	53	N/A
3/31/2016	262	67	N/A	64	N/A
12/31/2015	256	65	N/A	57	N/A
9/30/2015	255	66	N/A	77	N/A
6/30/2015	253	66	N/A	84	N/A
3/31/2015	252	63	N/A	87	N/A
12/31/2014	245	60	N/A	76	N/A
9/30/2014	243	56	N/A	169	N/A
6/30/2014	226	50	N/A	168	N/A
3/31/2014	213	45	N/A	178	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FRME's forecast earnings growth (7.6% per year) is above the savings rate (2.6%).

Earnings vs Market: FRME's earnings (7.6% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: FRME's earnings are forecast to grow, but not significantly.

Revenue vs Market: FRME's revenue (6% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: FRME's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FRME's Return on Equity is forecast to be low in 3 years time (8.6%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 10:14
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Merchants Corporation is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin Reevey	D.A. Davidson & Co.
Benjamin Gerlinger	Hovde Group, LLC
Brendan Nosal	Hovde Group, LLC

First Merchants Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 11% to US$45.80

Price target increased by 7.6% to US$41.00

Price target increased by 9.5% to US$38.10

Price target decreased by 12% to US$37.50

Price target decreased by 8.2% to US$45.00

Recent updates

President recently sold US$317k worth of stock

President notifies of intention to sell stock

Upcoming dividend of US$0.35 per share

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Third quarter dividend of US$0.35 announced

First Merchants Corporation Announces Cash Dividend, Payable on December 20, 2024

Director recently sold US$1.1m worth of stock

Director notifies of intention to sell stock

Investor sentiment improves as stock rises 15%

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

First Merchants Corporation to Report Q3, 2024 Results on Oct 24, 2024

First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year

First Merchants (NASDAQ:FRME) Is Paying Out A Dividend Of $0.35

Second quarter dividend of US$0.35 announced

First Merchants Corporation Declares Cash Dividend, Payable on September 20, 2024

CEO & Director notifies of intention to sell stock

Price target increased by 11% to US$45.80

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 17%

First Merchants Corporation to Report Q2, 2024 Results on Jul 25, 2024

First Merchants Corporation: An Attractive Way To Play The Banking Sector

Director notifies of intention to sell stock

Upcoming dividend of US$0.35 per share

First quarter dividend increased to US$0.35

First Merchants Corporation and First Merchants Bank Announce Board and Committee Changes

First Merchants Corporation and First Merchants Bank Announce Board Changes

First quarter 2024 earnings released: EPS: US$0.80 (vs US$1.07 in 1Q 2023)

First Merchants Corporation to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: EPS misses analyst expectations

Upcoming dividend of US$0.34 per share

Independent Director recently sold US$328k worth of stock

Fourth quarter dividend of US$0.34 announced

First Merchants Corporation Declares Cash Dividend, Payable on March 15, 2024

Price target increased by 7.6% to US$41.00

Full year 2023 earnings: EPS misses analyst expectations

First Merchants Corporation to Report Q4, 2023 Results on Jan 25, 2024

Price target increased by 9.5% to US$38.10

Advisor & Director recently sold US$371k worth of stock

Advisor & Director notifies of intention to sell stock

Upcoming dividend of US$0.34 per share at 4.4% yield

First Merchants Corporation Declares Cash Dividend, Payable on December 15, 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

First Merchants Corporation to Report Q3, 2023 Results on Oct 26, 2023

Here's Why We Think First Merchants (NASDAQ:FRME) Is Well Worth Watching

Upcoming dividend of US$0.34 per share at 4.6% yield

First Merchants Corporation Declares Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of US$0.34 per share at 4.9% yield

First Merchants' (NASDAQ:FRME) Upcoming Dividend Will Be Larger Than Last Year's

First Merchants Corporation Declares Cash Dividend, Payable on June 16, 2023

If EPS Growth Is Important To You, First Merchants (NASDAQ:FRME) Presents An Opportunity

Price target decreased by 12% to US$37.50

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.2% to US$45.00

Independent Director notifies of intention to sell stock

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings: Revenues in line with analyst expectations

Upcoming dividend of US$0.32 per share at 3.1% yield

First Merchants Corporation Announces Cash Dividend, Payable on March 17, 2023

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

First Merchants Corporation to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.32 per share

First Merchants Corporation Declares Cash Dividend, Payable on December 16, 2022

Independent Chairman of the Board notifies of intention to sell stock

Independent Chairman of the Board recently sold US$1.1m worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First Merchants Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.32 per share