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First Merchants

FRME

Market cap $2.45B

39.08 USD

+0.08

0.21%

At close Updated Oct 12, 10:01 AM EDT

1 day

0.21%

5 days

-2.45%

1 month

-5.85%

3 months

-9.75%

6 months

-4.98%

Year to date

4.21%

1 year

6.46%

5 years

-7.7%

10 years

43.52%

About: First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment, which is community banking.

Employees: 2,086

Financials Banks - Regional

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 35.7%

Neutral 57.1%

Negative 7.1%

First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO

MUNCIE, Ind., Oct. 01, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) today announced that CEO Mark Hardwick will retire at the end of the year after 29 years with the bank. The First Merchants Corporation Board of Directors announced that Mike Stewart, current First Merchants Bank President who has been with the bank for more than 18 years, will become President and CEO at the start of 2027.

First Merchants Bank CEO Mark Hardwick to retire at the end of 2026 and President Mike Stewart to become President and CEO

First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast

MUNCIE, Ind., Sept. 30, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) will release its third quarter 2026 financial results on Wednesday, October 21, 2026. The Corporation will host an earnings conference call and webcast at 9:00 a.m. (ET) on Thursday, October 22, 2026.

First Merchants Corporation to Report Third Quarter 2026 Financial Results, Host Conference Call and Webcast

First Merchants Corporation Announces Pricing of Subordinated Notes Offering

MUNCIE, Ind., Sept. 23, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq: FRME) (the “Company”) today announced the pricing of its offering of $100 million of its 6.750% Fixed-to-Floating Rate Subordinated Notes due 2036 (the “Notes”) in a registered public offering (the “Offering”). The Notes will initially bear interest at 6.750% per annum from and including September 25, 2026 to, but excluding, October 1, 2031, with interest payable semiannually in arrears commencing on April 1, 2027. Commencing October 1, 2031, the interest rate on the Notes will reset quarterly to a floating rate per annum equal to a benchmark rate that is expected to be Three-Month Term SOFR (which is defined in the Notes) plus 202 basis points, with interest payable quarterly in arrears.

First Merchants Corporation Announces Pricing of Subordinated Notes Offering

KBRA Assigns Ratings to First Merchants Corporation

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Muncie, Indiana-based First Merchants Corporation (“FRME” or “the company”). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, First Merchants Bank (“the bank”). The Outlook for all long-term ratings is Stable. Key.

KBRA Assigns Ratings to First Merchants Corporation

First Merchants Corporation Announces Cash Dividend

MUNCIE, Ind., Aug. 14, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 14, 2026 of $0.37 per common share. The dividend is payable on September 18, 2026 to common shareholders of record as of September 4, 2026.

First Merchants Corporation Announces Cash Dividend

Zacks Investment Research

Why First Merchants (FRME) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?

Why First Merchants (FRME) is a Great Dividend Stock Right Now

First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript

First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript

First Merchants Corporation (FRME) Q2 2026 Earnings Call Transcript

First Merchants Q2 Earnings Call Highlights

First Merchants NASDAQ: FRME reported second-quarter 2026 net income of $43.5 million, or $0.70 per diluted share, as stronger revenue and margin expansion were offset by credit costs tied to two commercial loans moved to non-accrual status.

First Merchants Q2 Earnings Call Highlights

Zacks Investment Research

First Merchants (FRME) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Merchants (FRME) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

First Merchants (FRME) Q2 Earnings Lag Estimates

First Merchants (FRME) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.98 per share a year ago.

First Merchants (FRME) Q2 Earnings Lag Estimates

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