Every 424B that First Merchants Corp (FRME) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow FRME and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FRME filings page.
First Merchants Corporation (FRME) is offering $100,000,000 aggregate principal amount of 6.750% fixed-to-floating rate subordinated notes due October 1, 2036. Estimated net proceeds are approximately $97,950,000 after the underwriting discount and estimated offering expenses, for general corporate purposes, including repurchasing common shares.
The notes pay 6.750% per year before October 1, 2031; beginning on that date, interest is expected to float at Three-Month Term SOFR plus 202 basis points, with a zero floor on the benchmark. Payments shift from semiannual to quarterly. The notes are unsecured, junior to senior debt, structurally subordinated to subsidiary liabilities and effectively subordinated to secured debt. FRME may redeem them beginning October 1, 2031, subject to Federal Reserve approval where required. They have no existing public market and will not be exchange-listed. The capitalization table shows total risk-based capital to risk-weighted assets of 12.98% actual and 13.54% as adjusted for the offering and expected use of proceeds, as of June 30, 2026.
First Merchants Corporation (FRME) is offering fixed-to-floating rate subordinated notes in a preliminary offering. The notes are unsecured obligations of the Corporation, in minimum denominations of $1,000. They rank junior to senior debt, equally with unsecured subordinated debt, and ahead of junior subordinated debt; they are structurally subordinated to subsidiary liabilities and effectively subordinated to secured debt to the extent of its collateral.
Interest is structured at an initial fixed rate, followed by a floating rate expected to reference Three-Month Term SOFR plus a spread. Payments are semiannual during the fixed-rate period and quarterly during the floating-rate period. The Corporation intends to use net proceeds for general corporate purposes, including common-stock repurchases. As of June 30, 2026, it reported approximately $21.3 billion in assets, $15.6 billion in loans, $16.8 billion in deposits, and $2.7 billion in stockholders’ equity. Approximately $18.6 billion of its liabilities ranked structurally senior to the notes.
First Merchants Corporation filed a prospectus/proxy for an all‑stock merger with First Savings Financial Group, exchanging 0.85 FRME share per FSFG share. Based on FRME prices, the implied value was $33.60 per FSFG share on September 24, 2025 and $31.45 on October 15, 2025. The market value of aggregate consideration was approximately $235.2 million and $220.5 million on those dates, respectively.
Assuming 7,000,558 FSFG shares at closing, FRME expects to issue about 5,950,474 shares. Cash will be paid in lieu of fractional shares, and FSFG options will vest then be cancelled for cash based on the exchange ratio and a 10‑day FRME VWAP. The Merger is intended to qualify as a tax‑free reorganization under Section 368(a).
FSFG shareholders will vote on December 19, 2025; approval requires a majority of outstanding shares, and there are no dissenters’ rights. No FRME vote is required. Regulatory approvals from the Indiana DFI, FDIC, and potentially the Federal Reserve are needed. A $10,000,000 termination fee may apply under certain conditions. Closing is expected in Q1 2026, creating a company with 127 branches and about $21.1 billion in assets.