FIRST MERCHANTS CORP (FRME) Form 424B5 — Sep 23, 2026
First Merchants Corporation filed a preliminary 424B5 prospectus supplement for a fixed-to-floating rate subordinated notes offering, with principal amount, coupon, and maturity left blank pending pricing. Piper Sandler is sole bookrunning manager, with KBW, Hovde Group, and Brean Capital as co-managers. The Notes are unsecured subordinated obligations intended to qualify as Tier 2 regulatory capital, redeemable at the company's option subject to Federal Reserve approval, with proceeds earmarked for general corporate purposes including potential share repurchases. As of June 30, 2026, First Merchants had $21.3 billion in total assets, $16.8 billion in deposits, and a CET1 ratio of 11.16%.
Key figures
- Total Debt
- 1603749
- Total Assets
- 21348765
- Cash Position
- 86665
- Shares Outstanding
- 62205528
- Corp cet1 ratio pct
- 11.16
- Corp tier1 ratio pct
- 11.3
- Total loans usd billions
- 15.6
- Total deposits usd billions
- 16.8
- Pari passu debt usd millions
- 29
- Total deposits usd thousands
- 16753381
- Stockholders equity usd thousands
- 2697177
- Corp total risk based capital ratio pct
- 12.98
- Junior subordinated debentures usd millions
- 52
- Senior debt ranking senior to notes usd millions
- 13
AI analysis
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