First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

First Merchants (FRME) declared a quarterly cash dividend on its Series A preferred stock, payable November 16, 2026.

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First Merchants (FRME) declared a quarterly cash dividend on its Series A preferred stock, payable November 16, 2026. The dividend is $46.88 per preferred share, or $0.4688 per depositary share, for stockholders of record on October 30, 2026. Each depositary share (FRMEP) represents a 1/100th interest in a share of the 7.50% Non-Cumulative Perpetual Preferred Stock, Series A.

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MUNCIE, Ind., Oct. 15, 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 November 16, 2026, to stockholders of record on October 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

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How much is First Merchants' FRMEP dividend and when will it be paid?

Holders of FRMEP depositary shares will receive $0.4688 per depositary share on November 16, 2026, with a record date of October 30, 2026. The quarterly dividend equals $46.88 per Series A preferred share.