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Piper Sandler Maintains Overweight on First Merchants, Lowers Price Target to $46
Piper Sandler analyst Nathan Race maintains First Merchants (NASDAQ:FRME) with a Overweight and lowers the price target from $51 to $46.
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First Merchants Corporation Announces Pricing of Subordinated Notes Offering
First Merchants Corporation priced a $100 million offering of 6.750% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes will bear a fixed rate of 6.750% until October 1, 2031, then convert to a floating rate based on Three-Month Term SOFR plus 202 basis points. The company intends to use net proceeds for general corporate purposes, including share repurchases. The offering is expected to close on September 25, 2026.
First Merchants Files For Mixed Shelf Offering; Size Not Disclosed
Common StockPreferred StockDepositary SharesDebt SecuritiesWarrantsUnitsPurchase ContractsThe securities listed above may be offered and sold by us and/or may be offered and sold, from time to time, by one or more