Business Context and Reporting Period
Company: First Merchants Corporation (FRME)
Filing Type: Form 8-K (Current Report)
Date of Report: October 15, 2024
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. The document solely addresses a specific dividend declaration.
- 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: October 31, 2024.
- Payment Date: November 15, 2024.
Material Changes
The filing does not disclose material changes to financial performance, operations, or capital structure compared to prior periods. It reports a routine corporate action regarding preferred stock dividends.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. The document explicitly states that the information is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings.
Investor Verification Checklist
- Verify the record date of October 31, 2024, to confirm eligibility for the dividend.
- Confirm the payment date of November 15, 2024, for cash flow planning.
- Review the attached Exhibit 99.1 (Press Release) for any additional details not summarized in the 8-K text.
- Check the company's 10-Q or 10-K filings for comprehensive financial performance data, as this 8-K does not contain such figures.