FIRST MERCHANTS CORP (FRME) First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.
Sector: National Commercial Banks
Industry: Banks - Regional
First Merchants Corporation NASDAQ:FRME Financial Services · Banks - Regional
Mkt Cap $2.56B
Div Yield 3.58%
CLOSED · Nov 6 $40.83 CLOSED · Nov 6 Prev close $41.06 Close $40.83 0.00% AH close $40.83 VOL 277K $ Vol $11.33M RVOL 0.67x
Mkt Cap $2.56B
VOL 277K sh
$ Vol $11.33M
RVOL 0.67×
Div Yield 3.58%
Press Release ● Major ⚠ 3
First Merchants Corporation Announces Third Quarter 2026 Results
First Merchants reported Q3 2026 net income available to common of $67.8 million, or $1.09 per diluted share, up 11% from $0.98 a year earlier, with adjusted EPS of $1.10.
Net interest margin (FTE) expanded 6 bps sequentially to 3.44% (up 20 bps YoY), and the bank grew loans $70.2 million (1.8% annualized) and deposits $175.6 million (4.2% annualized) on a linked-quarter basis. Net charge-offs of $29.4 million (0.75% annualized) resolved two previously reserved commercial credits, leaving NPAs stable at 0.57% of assets.
The board announced that President Mike Stewart will succeed Mark Hardwick as CEO upon his retirement at year-end 2026.
Capital remains strong with an 11.22% CET1 ratio; the company completed a $100 million subordinated debt issuance and repurchased $50.3 million of stock year-to-date.
• 18d ago AI analysis › Press Release
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
First Merchants Corporation declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A.
Depositary shareholders (NASDAQ: FRMEP) will receive $0.4688 per depositary share, payable November 16, 2026, to holders of record on October 30, 2026.
This is a routine contractual preferred dividend with no change to the company's capital return policy.
• 24d ago AI analysis › Press Release
First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO
First Merchants Corporation announced CEO Mark Hardwick will retire at the end of 2026 after 29 years with the bank.
Mike Stewart, the bank's President with more than 18 years at the company, will become President and CEO at the start of 2027.
Hardwick's tenure included 18 acquisitions; the board called Stewart a seasoned leader ready to take the bank to the next level.
• 1mo ago AI analysis › Press Release
First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast
First Merchants Corporation (Nasdaq: FRME) will release its third quarter 2026 financial results on Wednesday, October 21, 2026.
The company will host an earnings conference call and webcast at 9:00 a.m. ET on Thursday, October 22, 2026, with a replay available until October 22, 2027.
This is a routine scheduling notice with no financial figures or guidance; investors should mark the earnings date on their calendars.
• 1mo ago AI analysis › Press Release ⚠ 1
First Merchants Corporation Announces Pricing of Subordinated Notes Offering
First Merchants Corporation priced a $100 million registered public offering of 6.750% Fixed-to-Floating Rate Subordinated Notes due 2036.
The notes pay 6.750% semiannually until October 1, 2031, then reset quarterly to Three-Month Term SOFR plus 202 basis points; the company may redeem them at par on or after the reset date.
Net proceeds are earmarked for general corporate purposes including share repurchases, and the notes are intended to qualify as Tier 2 regulatory capital. Closing is expected on or about September 25, 2026, with Piper Sandler as sole book-runner.
• 1mo ago AI analysis › Press Release
KBRA Assigns Ratings to First Merchants Corporation
businesswire.com • 1mo ago Press Release
First Merchants Corporation Announces Cash Dividend
First Merchants Corporation declared a cash dividend of $0.37 per common share, payable on September 18, 2026.
Shareholders of record as of September 4, 2026 will be eligible to receive the dividend payment.
The company operates as a financial holding company headquartered in Muncie, Indiana, with one full-service bank charter.
• 2mo ago AI analysis › Press Release ⚠ 3
First Merchants Corporation Announces Second Quarter 2026 Results
First Merchants reported Q2 net income of $43.5 million, or $0.70 per share, up from $27.7 million in the prior quarter, driven by net interest margin expansion of 3 basis points to 3.38% and solid loan growth.
However, adjusted earnings per share declined to $0.74 from $1.03 in the previous quarter, and asset quality weakened as nonperforming assets rose to 56 basis points from 43 basis points linked quarter due to two specific commercial credits.
The company successfully completed the systems conversion of First Savings Financial Group and repurchased $13.4 million of common stock during the quarter.
• 3mo ago AI analysis › Press Release
First Merchants Corporation Announces Cash Dividend on its Preferred Stock
First Merchants Corporation declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A.
Holders of depositary shares representing a 1/100th interest in a share of the Series A preferred stock will receive $0.4688 per share.
The dividend is payable on August 14, 2026 to stockholders of record on July 30, 2026.
• 3mo ago AI analysis › Press Release
First Merchants Corporation to Report Second Quarter 2026 Financial Results, Host Conference Call and Webcast
First Merchants Corporation announced it will release second quarter 2026 financial results on July 22, 2026.
An earnings conference call and webcast are scheduled for the following day, July 23, at 9:00 a.m. ET.
This release serves only as a scheduling notice; no financial data or forward-looking guidance is included.
• 4mo ago AI analysis › Press Release
First Merchants Bank and NCRC Announce New $2 Billion Community Benefits Agreement to Expand Impact Across the Midwest
First Merchants Corporation announced a new five-year, $2.02 billion Community Benefits Agreement with the National Community Reinvestment Coalition (NCRC) to support low-to-moderate-income communities across the Midwest.
The agreement allocates $650 million for mortgage lending, $464 million for small business loans, $700 million for community development lending, $200 million for investments, and $6 million for philanthropy through 2030.
This commitment builds on the bank's prior agreements and its recent acquisition of First Savings Financial Group, reinforcing its presence in Indiana, Michigan, and Ohio.
• 4mo ago AI analysis › Press Release
First Merchants Bank Recognized on Forbes’ World’s Best Banks 2026 List
First Merchants Bank (FRME) was included in Forbes’ World’s Best Banks 2026 list, which ranks 410 global institutions based on customer trust and service quality.
The ranking is derived from a survey of over 54,000 customers across 34 countries, emphasizing trustworthiness and digital service capabilities.
CEO Mark K. Hardwick cited the recognition as validation of the bank’s relationship-driven model, which balances digital innovation with local community presence.
• 5mo ago AI analysis › Press Release
First Merchants Corporation Appoints Paul Fultz to Its Boards of Directors
globenewswire.com • 5mo ago Press Release
First Merchants Corporation Announces Cash Dividend
globenewswire.com • 5mo ago Press Release ● Major
First Merchants Corporation Announces First Quarter 2026 Results
globenewswire.com • 6mo ago Press Release
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
globenewswire.com • 6mo ago 
