First Merchants (NASDAQ: FRME) sets Series A preferred dividend payment
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
First Merchants Corporation reported that its Board of Directors has declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is $46.88 per preferred share, which equals $0.4688 per depositary share. The dividend is payable on February 16, 2026 to stockholders of record as of January 30, 2026.
Positive
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Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What dividend did First Merchants (FRME) declare on its preferred stock?
First Merchants declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A, equal to $0.4688 per depositary share.
Which First Merchants security receives the new dividend?
The dividend applies to First Merchants 7.50% Non-Cumulative Perpetual Preferred Stock, Series A, including the depositary shares that each represent a 1/100th interest in a preferred share.
When will First Merchants pay the Series A preferred dividend?
The Series A preferred dividend will be paid on February 16, 2026.
What is the record date for First Merchants Series A preferred dividend?
Stockholders of record on January 30, 2026 will be entitled to receive the declared Series A preferred dividend.
Does this 8-K dividend relate to First Merchants common stock (FRME)?
No. The disclosed dividend is specifically for 7.50% Non-Cumulative Perpetual Preferred Stock, Series A, and its related depositary shares, not the common stock.
What exhibit is attached to this First Merchants 8-K filing?
The filing includes Exhibit 99.1, a press release dated January 12, 2026, announcing the Series A preferred dividend, and Exhibit 104, the cover page interactive data file.