First Merchants Corporation Announces Cash Dividend on its Preferred Stock

Q: What dividend did First Merchants (NASDAQ: FRME) declare on its preferred stock on July 13, 2026?

First Merchants declared a quarterly dividend of $46.88 per Series A preferred share , equal to $0.4688 per FRMEP depositary share . According to First Merchants, the dividend applies to its 7.50% Non-Cumulative Perpetual Preferred Stock Series A.

Q: How much will FRMEP depositary shareholders receive in the August 14, 2026 preferred dividend?

FRMEP depositary shareholders will receive $0.4688 per depositary share on August 14, 2026. According to First Merchants, each FRMEP depositary share represents a 1/100th interest in a 7.50% Non-Cumulative Perpetual Preferred Stock Series A share.

Q: What are the record and payment dates for First Merchants' July 2026 preferred stock dividend (FRMEP)?

The dividend will be paid on August 14, 2026 to stockholders of record on July 30, 2026 . According to First Merchants, investors must be of record on July 30 to receive the FRMEP preferred dividend.

Q: Which First Merchants stock symbols are affected by the July 13, 2026 dividend announcement?

The dividend applies to First Merchants' 7.50% Series A preferred stock , traded via depositary shares under symbol FRMEP . According to First Merchants, its common stock trades separately on NASDAQ under the symbol FRME and is not referenced in this dividend.

Q: What type of preferred security is First Merchants' 7.50% Series A associated with FRMEP?

First Merchants' Series A security is a 7.50% Non-Cumulative Perpetual Preferred Stock issued via depositary shares. According to First Merchants, each FRMEP depositary share represents a 1/100th interest in one share of this Series A preferred stock.

Q: How often does First Merchants pay dividends on its 7.50% Series A preferred stock (FRMEP)?

First Merchants described the July 13, 2026 payment as a quarterly cash dividend on its Series A preferred stock. According to First Merchants, this indicates dividends on FRMEP depositary shares are scheduled on a quarterly basis, subject to board declaration.

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Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) 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). Holders will receive $0.4688 per depositary share, payable on August 14, 2026 to stockholders of record on July 30, 2026.

Positive

$46.88 quarterly dividend per Series A preferred share
Holders of FRMEP depositary shares to receive $0.4688 per share on August 14, 2026

Negative

None.

News Explained

The disclosure schedules cash to Series A preferred holders on August 14, 2026, with per-share terms but no aggregate company payment.

In its July 13, 2026 release, First Merchants Corporation declared a quarterly cash dividend on its Series A preferred stock, with payment scheduled for August 14, 2026 to stockholders of record on July 30, 2026.

For existing common holders, the disclosed change is a scheduled distribution to a different security class: the release assigns the cash to Series A preferred holders and does not announce a common-stock dividend.

Each FRMEP depositary share represents a 1/100th interest in a Series A preferred share, and holders receive $0.4688 per depositary share; the underlying preferred-share dividend is $46.88.

The preferred stock is described as 7.50% non-cumulative and perpetual, while the release supplies per-security terms rather than an aggregate payment amount.

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07/13/2026 - 04:05 PM

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.

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

FAQ

What dividend did First Merchants (NASDAQ: FRME) declare on its preferred stock on July 13, 2026?

First Merchants declared a quarterly dividend of $46.88 per Series A preferred share, equal to $0.4688 per FRMEP depositary share. According to First Merchants, the dividend applies to its 7.50% Non-Cumulative Perpetual Preferred Stock Series A.

How much will FRMEP depositary shareholders receive in the August 14, 2026 preferred dividend?

FRMEP depositary shareholders will receive $0.4688 per depositary share on August 14, 2026. According to First Merchants, each FRMEP depositary share represents a 1/100th interest in a 7.50% Non-Cumulative Perpetual Preferred Stock Series A share.

What are the record and payment dates for First Merchants' July 2026 preferred stock dividend (FRMEP)?

The dividend will be paid on August 14, 2026 to stockholders of record on July 30, 2026. According to First Merchants, investors must be of record on July 30 to receive the FRMEP preferred dividend.

Which First Merchants stock symbols are affected by the July 13, 2026 dividend announcement?

The dividend applies to First Merchants' 7.50% Series A preferred stock, traded via depositary shares under symbol FRMEP. According to First Merchants, its common stock trades separately on NASDAQ under the symbol FRME and is not referenced in this dividend.

What type of preferred security is First Merchants' 7.50% Series A associated with FRMEP?

First Merchants' Series A security is a 7.50% Non-Cumulative Perpetual Preferred Stock issued via depositary shares. According to First Merchants, each FRMEP depositary share represents a 1/100th interest in one share of this Series A preferred stock.

How often does First Merchants pay dividends on its 7.50% Series A preferred stock (FRMEP)?

First Merchants described the July 13, 2026 payment as a quarterly cash dividend on its Series A preferred stock. According to First Merchants, this indicates dividends on FRMEP depositary shares are scheduled on a quarterly basis, subject to board declaration.