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 equals $46.88 per preferred share, which is paid as $0.4688 per depositary share (each depositary share represents 1/100th of a preferred share). The dividend is payable on February 16, 2026 to holders of record as of January 30, 2026. Depositary shares trade under NASDAQ:FRMEP and the company’s common stock trades under NASDAQ:FRME.

Positive

• $46.88 dividend per Series A preferred share announced
• Holders receive $0.4688 per depositary share
• Dividend payable on Feb 16, 2026 to record holders on Jan 30, 2026

Negative

• None.

News Market Reaction

-1.18%

1 alert

-1.18% News Effect

On the day this news was published, FRME declined 1.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MUNCIE, Ind., Jan. 12, 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 February 16, 2026, to stockholders of record on January 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 for its Series A preferred stock on Jan 12, 2026?

First Merchants declared a quarterly cash dividend of $46.88 per preferred share, or $0.4688 per depositary share.

When is the dividend payable for First Merchants' Series A preferred stock (FRMEP)?

The dividend is payable on February 16, 2026.

What is the record date for the First Merchants dividend on Series A preferred depositary shares (FRMEP)?

The record date is January 30, 2026.

How many depositary shares equal one Series A preferred share for First Merchants (FRMEP)?

Each depositary share represents a 1/100th interest in one Series A preferred share.

Under which ticker do First Merchants depositary shares for Series A preferred trade?

Depositary shares for the Series A preferred trade under NASDAQ:FRMEP.