First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) has announced a quarterly cash dividend for its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. The company will pay $46.88 per preferred share, equivalent to $0.4688 per depositary share (NASDAQ: FRMEP), as each depositary share represents a 1/100th interest in the preferred stock.

The dividend is scheduled for payment on August 15, 2025, to stockholders of record as of July 30, 2025. First Merchants Corporation operates through First Merchants Bank and its division First Merchants Private Wealth Advisors, serving as a financial holding company based in Muncie, Indiana.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintains 7.50% preferred stock dividend yield

Negative

• None.

News Market Reaction

-3.81%

1 alert

-3.81% News Effect

On the day this news was published, FRME declined 3.81%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MUNCIE, Ind., July 15, 2025 (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 15, 2025, to stockholders of record on July 30, 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 (NASDAQ: FRME), Muncie, Indiana

FAQ

What is the dividend amount for First Merchants (FRMEP) preferred shares in Q3 2025?

First Merchants will pay $46.88 per preferred share, or $0.4688 per depositary share (FRMEP) for Q3 2025.

When is the First Merchants (FRMEP) preferred stock dividend payment date?

The preferred stock dividend will be paid on August 15, 2025 to stockholders of record as of July 30, 2025.

What is the dividend yield on First Merchants (FRMEP) preferred stock?

First Merchants preferred stock Series A carries a 7.50% Non-Cumulative Perpetual dividend rate.

What is the difference between FRME and FRMEP stocks?

FRME is First Merchants Corporation's common stock, while FRMEP represents depositary shares of the company's 7.50% Non-Cumulative Perpetual Preferred Stock Series A.