BuybackJun 24, 2026, 04:17 PM

First Merchants Approves $100M Stock Buyback for 3.125M Shares

AI Summary

First Merchants Corporation's Board of Directors approved a new stock repurchase program. The program authorizes the repurchase of up to 3,125,000 shares of the Company's common stock, with a total aggregate investment not exceeding $100,000,000. This represents approximately 5% of the outstanding shares and replaces a previous program from March 2025.

Key Highlights

Board approved a stock repurchase program for up to 3,125,000 shares.
Total aggregate investment under the program may not exceed $100,000,000.
The program represents approximately 5% of the Company's outstanding common stock.
Repurchases may occur in the open market, privately negotiated transactions, or via a Rule 10b5-1 plan.
This new program replaces a similar one approved in March 2025.

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FRME

Major Banks

FIRST MERCHANTS CORP

Price Impact