First Merchants Corp Declares $46.88 Preferred Stock Quarterly Dividend

What Happened
First Merchants Corporation (FRME) announced on July 13, 2026 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) and is payable August 14, 2026 to holders of record as of July 30, 2026. The announcement was made via a press release furnished with the company’s Form 8‑K.

Key Details

• Dividend amount: $46.88 per preferred share (equivalent to $0.4688 per depositary share).
• Security: 7.50% Non‑Cumulative Perpetual Preferred Stock, Series A.
• Record date: July 30, 2026. Payment date: August 14, 2026.
• Announcement date: July 13, 2026 (press release furnished as Exhibit 99.1).

Why It Matters
This is a scheduled cash distribution for holders of the Series A preferred shares and provides predictable income to those investors. Because the shares are labeled “non‑cumulative,” missed dividends generally do not accumulate for later payment; the filing does not report any change to common stock dividends or other corporate actions. Investors holding (or considering) the Series A preferred shares should note the record and payment dates.