Business Context and Reporting Period
Company: First Merchants Corporation (FRME)
Filing Type: Form 8-K (Current Report)
Date of Report: April 14, 2025
Event: Declaration of quarterly cash dividend on Non-Cumulative Perpetual Preferred Stock, Series A.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It solely addresses a specific dividend event.
- Dividend Rate: $46.88 per share of 7.50% Non-Cumulative Perpetual Preferred Stock, Series A.
- Depositary Share Equivalent: $0.4688 per depositary share.
- Record Date: April 30, 2025.
- Payment Date: May 15, 2025.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing serves to notify the market of the Board of Directors' declaration of the preferred stock dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a procedural announcement regarding the dividend payment schedule.
Investor Verification Checklist
- Confirm the record date of April 30, 2025, to ensure eligibility for the dividend.
- Verify the payment date of May 15, 2025, for cash flow planning.
- Review the specific terms of the 7.50% Non-Cumulative Perpetual Preferred Stock, Series A (FRMEP) to understand dividend priority and non-cumulative nature.
- Note that this filing does not include updated financial statements or earnings results.