First Merchants Corp 8-K Filings

First Merchants Corporation reported second-quarter 2026 net income available to common stockholders of $43.5 million, or $0.70 per diluted share, compared with $56.4 million, or $0.98, a year earlier. Adjusted net income was $46.4 million, or $0.74 per diluted share, excluding $3.8 million of acquisition-related expenses. Net interest income rose to $158.9 million and the fully taxable equivalent net interest margin improved to 3.38%. Noninterest income was $37.2 million, helped by higher gains on loan sales and derivative fees.

Provision for credit losses increased to $33.0 million, largely to build $29.7 million of reserves for two commercial lending relationships totaling $41.8 million that were placed on nonaccrual status. The allowance for credit losses on loans reached $241.6 million, or 1.56% of loans, and nonperforming assets were 0.56% of total assets. Total loans were $15.5 billion and deposits $16.8 billion at June 30, 2026, with a loan-to-deposit ratio of 92.7%. Capital remained strong, with a common equity tier 1 ratio of 11.16% and tangible common equity ratio of 8.99%, and 336,145 shares were repurchased for $13.4 million in the quarter.

First Merchants Corporation reported that its Board of Directors declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is $46.88 per preferred share, equivalent to $0.4688 per depositary share (each depositary share represents a 1/100th interest in a preferred share).

The dividend is payable on August 14, 2026, to stockholders of record as of July 30, 2026. The preferred stock trades via depositary shares on the Nasdaq Global Select Market under the symbol FRMEP, while the company’s common stock trades under FRME.

First Merchants Corporation announced that Dr. Mung Chiang resigned from its Board of Directors effective July 1, 2026. The company states his resignation does not stem from any disagreement regarding operations, policies, or practices, but from a change in his professional responsibilities and relocation outside the company’s primary market area.

Following his departure, the size of the Board will be reduced from thirteen to twelve directors. The company expresses appreciation for Dr. Chiang’s service and contributions.

First Merchants Corporation has approved a new stock repurchase program authorizing buybacks of up to 3,125,000 shares of its outstanding common stock, with a total aggregate investment cap of $100,000,000. On a share basis, this represents approximately 5% of the company’s outstanding shares.

Repurchases may be made at management’s discretion from time to time in open market transactions, privately negotiated deals, or under a Rule 10b5-1 plan, in each case in accordance with Rule 10b-18 under the Exchange Act. The company is not obligated to repurchase any shares, can discontinue the program at any time, and will determine timing, number of shares, and prices based on market conditions, stock price, economic factors, and legal requirements. This program replaces a similar authorization approved in March 2025.

First Merchants Corporation reported results from its annual meeting of shareholders held on May 19, 2026. Shareholders elected nine directors to one-year terms expiring at the 2027 annual meeting, with each nominee receiving more votes for than withheld.

Investors also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 43,084,564 votes for and 2,221,954 against. In addition, shareholders approved the appointment of Forvis Mazars, LLP as independent registered public accounting firm for 2026, with 51,146,053 votes for and 1,842,114 against.

First Merchants Corporation announced that long-serving director Gary Lehman, a member of the Compensation and Human Resources Committee, retired from its Board of Directors effective May 19, 2026. The company stated his retirement was not due to any disagreement over operations, policies, or practices.

The Board appointed Paul Fultz, a retired KPMG audit partner with more than 30 years advising public company boards, to fill the resulting vacancy and to serve on the Audit Committee. His initial term runs until the 2027 Annual Meeting, when he will stand for election to a one-year term.

First Merchants Corporation declared a cash dividend of $0.37 per common share. The dividend will be paid on June 19, 2026 to common shareholders who are on the company’s books as of the record date of June 5, 2026. This reflects an ongoing return of cash to shareholders from the Muncie, Indiana-based financial holding company.

First Merchants Corporation reported first-quarter 2026 net income available to common stockholders of $27.7 million, or $0.45 per diluted share, down from $54.9 million a year earlier due to acquisition-related costs and a mortgage loan mark-to-market loss.

Excluding a $29.8 million loss on $357 million of mortgage loans moved to held-for-sale and $17.0 million of acquisition expenses, adjusted net income was $63.1 million, or $1.03 per diluted share, compared to $0.94 in the prior-year quarter.

The company completed the acquisition of First Savings, adding $2.4 billion in assets, $1.8 billion of loans and $1.7 billion of deposits, bringing total assets to $21.1 billion, loans to $15.3 billion, and deposits to $16.5 billion at March 31, 2026.

Net interest income rose to $151.3 million, and the fully taxable equivalent net interest margin improved to 3.35%. Credit quality remained solid, with nonperforming assets at 0.43% of total assets and an allowance for credit losses on loans of 1.39%. Capital ratios stayed strong, including a Common Equity Tier 1 ratio of 11.22% and a tangible common equity ratio of 9.00%.

First Merchants Corporation declared a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is $46.88 per share, or $0.4688 per depositary share, payable on May 15, 2026 to stockholders of record on April 30, 2026.

First Merchants Corporation announced a regular cash dividend of $0.36 per common share. The dividend will be paid on March 20, 2026 to shareholders who are on record as of March 6, 2026. The company furnished the related press release as an exhibit.

First Merchants Corporation has expanded its Board of Directors from twelve to thirteen members and appointed Larry W. Myers to the new Class III seat. His initial term runs until the 2026 Annual Meeting of Shareholders, when he will be considered for a one-year term.

Myers, the long-time President and CEO of First Savings Bank and First Savings Financial Group, joined the board shortly after First Merchants completed its merger with First Savings on February 1, 2026. He will serve on the Risk and Credit Policy Committee and participate in the equity compensation plan for non-employee directors, with director compensation beginning in the third quarter of 2026.

The company, a $21.4 billion financial holding company, highlights Myers’ deep community banking experience and knowledge of the southern Indiana market as support for its growth strategy and shareholder value focus.

First Merchants Corporation adopted a 2026 Senior Management Incentive Compensation Program for its named executive officers and other senior leaders. This cash-based, non-equity plan ties bonus payouts to operating performance, measured primarily by operating earnings on a diluted GAAP basis.

For 2026, potential SMICP cash payments as a percentage of base salary range by role. The Chief Executive Officer can earn 40% of base salary at threshold, 80% at target, and up to 160% at maximum. The President and the Chief Financial Officer each have 30%, 60%, and 120% levels, while the Chief Credit Officer and Chief Commercial Officer each have 25%, 50%, and 100% levels.

Most executives’ bonuses depend entirely on company operating earnings, while the Chief Commercial Officer’s award is based 70% on operating earnings and 30% on operating revenue and net contribution from the Commercial line of business. Payouts are interpolated between threshold and maximum, require employment at payment (with limited exceptions), and are subject to the company’s clawback policy for materially inaccurate financial statements or as required by law.

First Merchants Corporation completed its acquisition of First Savings Financial Group, Inc. under a previously signed merger agreement. The merger became effective as of 12:01 a.m. Eastern Time on February 1, 2026, when First Savings merged into First Merchants.

Each share of First Savings common stock was converted into the right to receive 0.85 share of First Merchants common stock, plus cash instead of any fractional shares, in a tax-free exchange. Based on this exchange, First Merchants expects to issue approximately 6.1 million shares of its common stock.

Immediately before closing, First Savings restricted stock awards were exchanged for First Merchants shares using the same exchange ratio. Outstanding First Savings stock options were cancelled for a cash payment per share equal to $32.59 minus the exercise price and applicable taxes, paid by First Savings. After the holding company merger, First Savings Bank also merged into First Merchants Bank, which continues as the surviving bank.

First Merchants Corporation furnished an update on its fourth quarter and full-year performance by issuing a press release covering financial results for the quarter ended December 31, 2025. The company released this information on January 26, 2026 and attached the press release as Exhibit 99.1.

First Merchants also scheduled a fourth quarter 2025 earnings conference call and webcast for January 27, 2026 at 9:00 a.m. Eastern Time, using a slide presentation furnished as Exhibit 99.2. The company specifies that the press release and presentation are being furnished, not filed, under the securities laws and will only be incorporated into other documents if expressly referenced.

First Merchants Corporation reported that it has received a non-objection from the Federal Reserve Bank of Chicago for its requested waiver of application related to its pending merger with First Savings Financial Group, Inc.

The company previously obtained approvals from the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions, so all required regulatory approvals for the merger are now in place. Boards of both companies have approved the transaction, and First Savings’ shareholders approved it at a special meeting on December 19, 2025.

With these steps completed, First Merchants and First Savings anticipate that the merger will become effective as of February 1, 2026, subject to satisfaction of customary closing conditions in the merger agreement. The company also cautions that forward-looking statements about the merger involve risks, including potential failure to meet closing conditions or termination of the agreement.

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.

First Merchants Corporation announced that director Patrick Fehring retired from the Board effective immediately on November 14, 2025. He had served since 2022 and was a member of the Risk and Credit Policy Committee. The company stated his retirement was not due to any disagreement regarding operations, policies, or practices.

On the same date, the Board size was reduced from 13 to 12 members, reflecting Mr. Fehring’s departure.

First Merchants Corporation announced a cash dividend of $0.36 per common share. The dividend is payable on December 19, 2025 to common stockholders of record as of December 5, 2025. The company furnished a press release as Exhibit 99.1.

The disclosure is presented under Item 8.01 (Other Events) and specifies that the information is furnished, not filed, under the Exchange Act.

First Merchants Corporation announced it furnished a press release reporting third-quarter results for the period ended September 30, 2025. The company will host an earnings conference call and webcast on October 23, 2025 at 9:00 a.m. ET. The press release is provided as Exhibit 99.1 and the slide presentation for the call as Exhibit 99.2. The furnished materials are not deemed “filed” for purposes of Section 18 of the Exchange Act and will only be incorporated by reference if expressly stated.

First Merchants Corporation announced a quarterly cash dividend on its 7.50% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is $46.88 per preferred share, equivalent to $0.4688 per depositary share, payable on November 14, 2025 to stockholders of record on October 31, 2025.

The company furnished a press release as Exhibit 99.1. Common stock (FRME) and preferred depositary shares (FRMEP) trade on Nasdaq.

First Merchants Corporation disclosed an agreement to combine with First Savings Financial Group, Inc. under an Agreement and Plan of Merger dated September 24, 2025. The filing states the transaction will use an exchange ratio for First Savings shares that is adjustable for stock splits, dividends, recapitalizations or similar events, and that fractional shares will not be issued but instead will be paid in cash under the Merger Agreement. The submission also references a Voting Agreement dated September 24, 2025, a press release and a presentation both dated September 25, 2025, and an interactive data file embedded in the inline XBRL document. The filing is signed by Michele M. Kawiecki, Executive Vice President and Chief Financial Officer.

First Merchants Corporation disclosed that its board has declared a cash dividend of $0.36 per common share. This dividend will be paid on September 19, 2025 to common stockholders who are on record as of September 5, 2025.

The company furnished a press release with these details as an exhibit, noting that the information is being provided for disclosure purposes and is not deemed filed for liability or incorporation-by-reference purposes under federal securities laws.