First Merchants Corporation filings document a financial holding-company disclosure record centered on First Merchants Bank, Nasdaq-listed common stock under FRME, and depositary shares representing Series A non-cumulative perpetual preferred stock under FRMEP. Form 8-K reports cover quarterly operating results, earnings-call exhibits, common and preferred dividend declarations, board changes, compensation-plan actions, and completed merger activity.
Proxy materials describe shareholder voting matters, director elections, board structure, executive compensation, equity awards, and governance practices. Merger-related and capital-structure disclosures record share conversion terms, preferred-stock dividend mechanics, director compensation, and related exhibits for material corporate events.
First Merchants Corp executive John Martin, Chief Credit Officer and Executive Vice President, received a grant of 8,000 shares of common stock on August 3, 2026 at a reference price of $43.63 per share. On August 2, 2026, 1,761 shares of common stock were delivered or withheld at $43.14 per share to satisfy the exercise price or a tax liability. Following these transactions, his direct holdings include Restricted Stock Awards totaling 24,908.238 shares. These transactions were not reported as made under a Rule 10b5-1 trading plan.
FIRST MERCHANTS CORP Executive Vice President and Chief Financial Officer Michele Kawiecki reported a grant or award of 13,000 shares of common stock on August 3, 2026 at $43.63 per share. On August 2, 2026, 2,910 shares of common stock were withheld at $43.14 per share to satisfy an exercise price or tax liability. The report also shows 2,008.016 shares of common stock held indirectly through a 401(k) plan, and a footnote states that her holdings include Restricted Stock Awards totaling 40,475.890 shares.
First Merchants Corp executive Steven C. Harris received a grant of 3,000 shares of common stock on 2026-08-03 at $43.63 per share. On 2026-08-02, 612 shares of common stock were withheld at $43.14 per share to satisfy an exercise price or tax liability. Harris’s holdings include Restricted Stock Awards totaling 8,910.223 shares and 148.472 shares held indirectly through a 401k plan.
First Merchants Corp CEO Mark K. Hardwick received a grant of 21,000 shares of common stock at $43.63 per share. On the prior day, 5,821 shares were withheld at $43.14 to satisfy exercise price or tax obligations. He also holds phantom stock units economically equivalent to 3,354.695 shares, plus indirect common stock holdings through a 401(k) plan and a spouse IRA. Direct holdings include restricted stock awards totaling 65,384.128 shares.
First Merchants Corp’s Chief Information Officer Stephan Fluhler reported equity compensation and related withholding. On August 3, 2026 he acquired 5,000 shares of common stock as a grant at $43.63 per share. On August 2, 2026, 1,532 shares of common stock were withheld at $43.14 per share to satisfy exercise price or tax liabilities. He also reports 1,652.904 phantom stock units, each economically equivalent to one FRME share and settled in cash or stock at separation, and 3,765.688 shares held indirectly through a 401(k) plan. Restricted Stock Awards total 15,567.651 shares.
First Merchants Corporation reported Q2 2026 net income of $43.98 million (basic and diluted EPS $0.70), down from $56.83 million (EPS $0.98) a year earlier. For the first six months, net income was $72.14 million versus $112.17 million in 2025.
Total assets grew to $21.35 billion at June 30, 2026 from $19.03 billion, driven by the February acquisition of First Savings Financial Group for a purchase price of about $243.22 million, including 6.1 million shares issued, $76.18 million of goodwill and $30.18 million of intangibles.
Net interest income rose to $158.94 million from $133.01 million in Q2 2025, but the provision for credit losses increased to $33.0 million from $5.6 million. Six‑month noninterest income fell to $42.99 million from $61.35 million, largely reflecting a $29.76 million loss on mortgage loans reclassified to held for sale. Noninterest expense increased to $115.35 million in Q2, including $3.8 million of integration and transaction‑related costs; such costs totaled $20.8 million year‑to‑date.
Net loans reached $15.29 billion (up from $13.60 billion), deposits $16.75 billion (from $15.29 billion), and the allowance for credit losses on loans rose to $241.62 million from $195.60 million. Nonaccrual loans increased to $118.20 million from $71.77 million, and total past due loans reached $154.6 million.
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 Corp submitted a Form 13F-HR as an institutional investment manager, reporting a 13F Holdings Report with 500 reportable positions. The Form 13F Information Table Value Total is $2,839,926,075. No other managers are included. The report is signed by Heather Roche in Muncie, Indiana.
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 CORP director Kevin D. Johnson reported a compensation-related stock award. On June 30, 2026, he received a grant of 500 shares of common stock at $43.69 per share as a non-derivative acquisition. Following this award, his direct holdings total 9,497.512 common shares, which the disclosure notes include 7,132 shares in Restricted Stock Awards. This reflects an equity compensation grant rather than an open‑market purchase or sale.