First Merchants Corporation logo FRME - First Merchants Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 11
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $46.00 DETAILS
HIGH: $46.00
LOW: $46.00
MEDIAN: $46.00
CONSENSUS: $46.00
UPSIDE: 16.51%

Stock News

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

MUNCIE, Ind., Oct. 15, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on November 16, 2026, to stockholders of record on October 30, 2026.

Oct 15, 2026 11:05 AM • globenewswire.com
First Merchants Corporation (NASDAQ:FRME) Stock Has Average Target Price of $46.00 According to Brokerages

First Merchants Corporation (NASDAQ:FRME) Stock Has Average Target Price of $46.00 According to Brokerages

First Merchants Corporation (NASDAQ: FRME - Get Free Report) has earned an average rating of "Moderate Buy" from the five brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages

Oct 11, 2026 09:28 PM • defenseworld.net
First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO

First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO

MUNCIE, Ind., Oct. 01, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) today announced that CEO Mark Hardwick will retire at the end of the year after 29 years with the bank. The First Merchants Corporation Board of Directors announced that Mike Stewart, current First Merchants Bank President who has been with the bank for more than 18 years, will become President and CEO at the start of 2027.

Oct 01, 2026 04:10 AM • globenewswire.com
First Merchants Corporation Announces Pricing of Subordinated Notes Offering

First Merchants Corporation Announces Pricing of Subordinated Notes Offering

MUNCIE, Ind., Sept. 23, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) (the “Company”) today announced the pricing of its offering of $100 million of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”) in a registered public offering (the “Offering”). The Notes will initially bear interest at 6.750% per annum from and including September 25, 2026 to, but excluding, October 1, 2031, with interest payable semiannually in arrears commencing on April 1, 2027. Commencing October 1, 2031, the interest rate on the Notes will reset quarterly to a floating rate per annum equal to a benchmark rate that is expected to be Three-Month Term SOFR (which is defined in the Notes) plus 202 basis points, with interest payable quarterly in arrears.

Sep 23, 2026 01:49 PM • globenewswire.com
KBRA Assigns Ratings to First Merchants Corporation

KBRA Assigns Ratings to First Merchants Corporation

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based First Merchants Corporation (“FRME” or “the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, First Merchants Bank (“the bank”). The Outlook for all long-term ratings is Stable. Key.

Sep 17, 2026 12:51 PM • businesswire.com
First Merchants Corporation Announces Cash Dividend on its Preferred Stock

First Merchants Corporation Announces Cash Dividend on its Preferred Stock

MUNCIE, Ind., July 13, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on August 14, 2026, to stockholders of record on July 30, 2026.

Jul 13, 2026 12:05 PM • globenewswire.com

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