First Merchants Corporation Declares Quarterly Cash Dividend of $0.37 per Common Share

2026-11-13

Investivoq

First Merchants Corporation announced a cash dividend of $0.37 per share, payable on December 18, 2026.

Investivoq AI Summary

First Merchants Corporation announced a cash dividend of $0.37 per common share, to be paid on December 18, 2026, to shareholders of record as of December 4, 2026. The company, headquartered in Muncie, Indiana, operates First Merchants Bank and its division, First Merchants Private Wealth Advisors. Its common stock is listed on the NASDAQ under the symbol FRME, with additional information available on the company's website. For inquiries, Nicole M. Weaver, Senior Vice President and Director of Corporate Administration, can be contacted.

Potential Positives

First Merchants Corporation declared a cash dividend of $0.37 per common share, indicating strong financial performance and commitment to returning value to shareholders.
The dividend is payable to shareholders on December 18, 2026, which can enhance investor confidence and attract potential investors.
The announcement reinforces the company's position in the market as a stable investment option, as it regularly rewards shareholders through dividends.

Potential Negatives

Declaring a cash dividend could indicate that the company has limited options for reinvesting earnings into growth opportunities, potentially signaling stagnation.
The scheduled payment date and record date suggest a standard operational practice, which may not generate investor excitement or indicate strong financial health.

FAQ

What is the cash dividend amount declared by First Merchants Corporation?

The cash dividend declared by First Merchants Corporation is $0.37 per common share.

When will the dividend be payable to shareholders?

The dividend will be payable on December 18, 2026.

What is the record date for the dividend?

The record date for the dividend is December 4, 2026.

Where is First Merchants Corporation headquartered?

First Merchants Corporation is headquartered in Muncie, Indiana.

What is the stock symbol for First Merchants Corporation?

The stock symbol for First Merchants Corporation is FRME, traded on NASDAQ.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

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$FRME Insider Trading Activity

$FRME insiders have traded $FRME stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $FRME stock by insiders over the last 6 months:

LARRY W MYERS has made 0 purchases and 2 sales selling 20,000 shares for an estimated $835,000.
STEPHAN FLUHLER (Chief Information Officer) sold 4,080 shares for an estimated $176,256

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$FRME Revenue

$FRME had revenues of $199.1M in Q3 2026. This is an increase of 19.82% from the same period in the prior year.

You can track FRME financials on Investivoq's FRME stock page.

You can access data on FRME stock through the Investivoq API.

$FRME Hedge Fund Activity

We have seen 146 institutional investors add shares of $FRME stock to their portfolio, and 128 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM removed 3,040,382 shares (-97.7%) from their portfolio in Q3 2026, for an estimated $120,946,395
VICTORY CAPITAL MANAGEMENT INC removed 766,935 shares (-73.6%) from their portfolio in Q3 2026, for an estimated $30,508,674
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 711,910 shares (-100.0%) from their portfolio in Q3 2026, for an estimated $28,319,779
FIRST TRUST ADVISORS LP removed 603,114 shares (-77.7%) from their portfolio in Q3 2026, for an estimated $23,991,874
GOLDMAN SACHS GROUP INC removed 440,130 shares (-38.7%) from their portfolio in Q2 2026, for an estimated $19,229,279
BLACKROCK, INC. added 425,372 shares (+8.7%) to their portfolio in Q2 2026, for an estimated $18,584,502
VERITION FUND MANAGEMENT LLC added 378,885 shares (+508.4%) to their portfolio in Q3 2026, for an estimated $15,072,045

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$FRME Analyst Ratings

Wall Street analysts have issued reports on $FRME in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Raymond James issued a "Outperform" rating on 10/06/2026
Piper Sandler issued a "Overweight" rating on 10/05/2026

To track analyst ratings and price targets for $FRME, check out Investivoq's $FRME forecast page.

$FRME Price Targets

Multiple analysts have issued price targets for $FRME recently. We have seen 2 analysts offer price targets for $FRME in the last 6 months, with a median target of $46.0.

Here are some recent targets:

Daniel Tamayo from Raymond James set a target price of $46.0 on 10/06/2026
Nathan Race from Piper Sandler set a target price of $46.0 on 10/05/2026

Full Release

MUNCIE, Ind., Nov. 13, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 13, 2026 of $0.37 per common share. The dividend is payable on December 18, 2026 to common shareholders of record as of December 4, 2026.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page ( http://www.firstmerchants.com ).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

For more information, contact:
Nicole M. Weaver, Senior Vice President and Director of Corporate Administration
765-521-7619
http://www.firstmerchants.com