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S-3ASR ·Filed Sep 17, 2026

FRME

FIRST MERCHANTS CORP
NEUTRAL
Impact 2/10
Horizonweeks Processed1mo ago SEC0001193125-26-394120
Notable filing: S-3ASR
Actionable Insight • Neutral

Monitor for future prospectus supplements or pricing amendments that would indicate an actual debt issuance. The shelf provides capacity but no immediate dilution or leverage event.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+20d
FRME ▼ -3.47% at T+20d
NEUTRAL call -3.47% · α vs SPY -4.93% · entry $40.90 → $39.48
Next anchor: T+60d in 6w
Latest observation: T+26 +1.01% FF3 residual α
Entry = T+0 close
Sep 17, 2026
via day close
T+1d
-0.07%
call -0.07% · α -0.20%
$40.87
settled 6w ago
T+5d
-1.00%
call -1.00% · α -1.85%
$40.49
settled 5w ago
T+20d
-3.47%
call -3.47% · α -4.93%
$39.48
settled 12d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

First Merchants Corporation filed an automatic shelf registration (S-3ASR) establishing indentures for the issuance of senior and subordinated debt securities. The filing does not specify any offering size, share count, or use of proceeds — it is a routine shelf registration that provides the company with flexibility to issue debt in the future as market conditions warrant.

Key Facts

  • S-3ASR filed to register an unlimited aggregate principal amount of senior and subordinated debt securities
  • Two indentures established: one for senior debt securities and one for subordinated debt securities
  • No specific offering size, share count, interest rate, maturity, or pricing terms disclosed
  • No stated use of proceeds in the filing documents
  • The filing is an automatic shelf registration (S-3ASR), indicating the company is eligible as a well-known seasoned issuer (WKSI)

Financial Impact

No specific dollar amounts disclosed in the filing — this is a shelf registration with no immediate offering

Risk Factors

  • Future debt issuance could increase leverage and interest expense
  • No current financial data in the filing to assess the company's need for capital

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 2 SEC documents filed with EDGAR.

DocumentAccession Number
S-3ASR Filing (Primary)0001193125-26-394120
Document: d175664dex45.htm0001193125-26-394120
17 reports for FRME
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for FRME — sortable, filterable
TypeNow
Oct 21, 2026
5d ago
8-K
BULLISH ★ 6/10
$40.83 $40.68▼ −0.37%▲ +0.15%$41.09 (+0.64%)
Oct 21, 2026
5d ago
Press Release
BULLISH ★ 6/10
$40.83 $40.68▼ −0.37%▲ +0.15%$41.09 (+0.64%)
Oct 15, 2026
11d ago
8-K
NEUTRAL ★ 2/10
$39.48 $39.60▲ +0.30%▲ +1.41%$41.09 (+4.08%)
Oct 15, 2026
11d ago
Press Release
NEUTRAL ★ 2/10
$39.48 $39.60▲ +0.30%▲ +1.41%$41.09 (+4.08%)
Oct 1, 2026
25d ago
8-K
NEUTRAL ★ 2/10
$39.58 $40.15▲ +1.44%▲ +0.70%$41.09 (+3.82%)
Oct 1, 2026
25d ago
Press Release
NEUTRAL ★ 3/10
$39.58 $40.15▲ +1.44%▲ +0.70%$41.09 (+3.82%)
Sep 30, 2026
26d ago
Press Release
NEUTRAL ★ 1/10
$39.78awaiting T+1—$41.09 (+3.29%)
Sep 25, 2026
4w ago
8-K
NEUTRAL ★ 4/10
$40.71 $40.37▼ −0.84%▼ −0.09%$41.09 (+0.93%)
Sep 24, 2026
4w ago
424B5
NEUTRAL ★ 4/10
$40.71 $40.37▼ −0.84%▼ −0.09%$41.09 (+0.93%)
Sep 23, 2026
4w ago
Press Release
NEUTRAL ★ 3/10
$40.49 $40.71▲ +0.56%▲ +0.01%$41.09 (+1.49%)
Showing 10 of 17

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Report published Sep 17, 2026