First Merchants Corporation Announces Cash Dividend on its Preferred Stock

About this update from First Merchants Corporation

MUNCIE, Ind. , April 14, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on May 15, 2025 , to stockholders of record on April 30, 2025 . 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 System under the symbol FRME. Depositary shares representing a 1/100th interest in a share of First Merchants Corporation’s 7.50% Non-Cumulative Perpetual Preferred Stock, Series A are traded on the NASDAQ Global Select Market System under the symbol FRMEP. 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 , First Vice President and Director of Corporate Administration 765-521-7619 http://www.firstmerchants.com Source: First Merchants Corporation

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