First Merchants Share Price Today

First Merchants Q3FY26 Results: EPS beats estimate by 5.77%, sales miss

Adjusted EPS of $1.10 beat the analyst consensus of $1.04 by 5.77%, rising 11.11% year-over-year. Quarterly sales of $199.073 million missed the $203.599 million estimate by 2.22% but grew 19.82% from the prior year. Net interest margin (FTE) expanded 20 basis points year-over-year to 3.44%, with net interest income up 20.5% to $161.1 million. Common Equity Tier 1 Capital Ratio stood at 11.22%; the corporation completed a $100 million subordinated debt issuance and repurchased $50.3 million in shares year-to-date. CEO Mark Hardwick announced retirement at year-end 2026, with President Mike Stewart named as successor.

First Merchants declares $46.88 per share preferred dividend

Declared quarterly cash dividend of $46.88 per share on Series A preferred stock. Depositary share holders to receive $0.4688 per unit. Payment date set for November 16, 2026. Record date established as October 30, 2026.

First Merchants Corporation Q3FY26 Results: Earnings call set for Oct 22

First Merchants Corporation will release Q3FY26 results on October 21, 2026. Earnings conference call scheduled for 9:00 am ET on October 22, 2026. Webcast replay available until October 22, 2027.

First Merchants prices $100 million subordinated notes at 6.75%

First Merchants Corporation priced a $100 million offering of subordinated notes due 2036. Initial coupon rate set at 6.750% fixed until October 1, 2031. Post-2031 interest resets to Three-Month Term SOFR plus 202 basis points. Net proceeds designated for general corporate purposes and common share repurchases. Notes intended to qualify as Tier 2 capital for regulatory requirements.

KBRA assigns BBB+ senior unsecured debt rating to First Merchants Corp

KBRA assigns BBB+ senior unsecured debt rating to First Merchants Corp with Stable outlook. First Merchants Bank receives A- deposit rating and BBB+ subordinated debt rating. Company maintains ~1.3% average ROA over 10 years, beating ~1.1% peer average. CET1 ratio stands at 11.2% as of 2Q26, slightly below peer levels. CRE exposure at 180% of risk-based capital is lower than ~240% peer average.

First Merchants Corp files for mixed shelf offering; size not disclosed

First Merchants Corp filed a mixed shelf offering prospectus. Potential securities include common stock, debt, and warrants. Total offering size was not disclosed in the filing. Common stock trades on Nasdaq Global Select Market as FRME.