First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is $46.88 per Series A preferred share, represented by depositary shares traded as FRMEP, which will receive $0.4688 per depositary share. The dividend is payable on November 14, 2025 to holders of record on October 31, 2025. The depositary shares trade on the NASDAQ Global Select Market under the symbol FRMEP. Contact information and corporate details are provided for investor inquiries.

Positive

• $46.88 declared per Series A preferred share
• Depositary shares receive $0.4688 per share
• Dividend payable on November 14, 2025 to record holders on October 31, 2025

Negative

• None.

MUNCIE, Ind., Oct. 15, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) 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 14, 2025, to stockholders of record on October 31, 2025.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Depositary shares representing a 1/100th interest in a share of First Merchants Corporation’s 7.50% Non-Cumulative Perpetual Preferred Stock, Series A are traded on the NASDAQ Global Select Market System under the symbol FRMEP. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

For more information, contact:
Nicole M. Weaver, First Vice President and Director of Corporate Administration
765-521-7619 
http://www.firstmerchants.com

SOURCE: First Merchants Corporation

FAQ

What dividend did First Merchants (FRME) declare for its Series A preferred stock on October 15, 2025?

First Merchants declared a quarterly dividend of $46.88 per Series A preferred share (or $0.4688 per depositary share).

When is the FRME preferred dividend payable and what is the record date?

The dividend is payable on November 14, 2025 to stockholders of record on October 31, 2025.

Which ticker represents the depositary shares for First Merchants Series A preferred stock?

Depositary shares representing a 1/100th interest in Series A preferred stock trade under the symbol FRMEP on NASDAQ.

How much will holders of FRMEP receive per depositary share for the declared dividend?

Holders of FRMEP will receive $0.4688 per depositary share.

Does this dividend apply to First Merchants common stock (FRME)?

No; the declared dividend applies to the 7.50% Series A preferred stock via depositary shares FRMEP, not to common stock FRME.

Where can investors find First Merchants stock quotations and more information?

Quotations are available in daily newspapers and on the company website at http://www.firstmerchants.com; investor contacts are listed in the announcement.