First Merchants Declares Quarterly Dividend on Preferred Stock

An update from First Merchants ( (FRME) ) is now available.

On January 12, 2026, First Merchants Corporation announced that its board of directors declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, equivalent to $0.4688 per depositary share, payable on February 16, 2026, to stockholders of record as of January 30, 2026. The decision underscores the bank holding company’s continued commitment to returning capital to holders of its preferred securities, signaling stability in its capital management strategy and providing income visibility for preferred shareholders.

The most recent analyst rating on (FRME) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on First Merchants stock, see the FRME Stock Forecast page.

Spark’s Take on FRME Stock

According to Spark, TipRanks’ AI Analyst, FRME is a Outperform.

First Merchants Corporation shows strong financial performance and strategic growth initiatives, particularly through acquisitions. The stock’s valuation is attractive, and technical indicators suggest positive momentum. While rising deposit costs and interest rate sensitivity pose risks, the overall outlook remains positive.

To see Spark’s full report on FRME stock, click here.

More about First Merchants

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana, operating through its full-service First Merchants Bank, which also includes the First Merchants Private Wealth Advisors division. The company’s common stock trades on the NASDAQ Global Select Market under the symbol FRME, while depositary shares representing interests in its 7.50% Non-Cumulative Perpetual Preferred Stock Series A trade under the symbol FRMEP, reflecting its focus on regional banking and wealth management services.

Average Trading Volume: 280,037

Technical Sentiment Signal: Strong Buy

Current Market Cap: $2.24B

For a thorough assessment of FRME stock, go to TipRanks’ Stock Analysis page.