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Get filing alertsFirst Merchants authorizes $100M/3.125M-share buyback, replacing prior program
Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read
Key Changes
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Board approved new repurchase program for up to 3.125M shares or $100M (whichever reached first), representing ~5% of outstanding shares; replaces March 2025 program
Item 8.01 verify on EDGAR → -
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Repurchases at management's discretion via open market, private transactions, or Rule 10b5-1 plan; company not obligated to buy shares and may discontinue anytime
Item 8.01 verify on EDGAR →
Summary
First Merchants' board authorized a new stock repurchase program allowing the company to buy back up to 3.125 million shares or $100 million in aggregate, whichever limit is reached first. The share count represents approximately 5% of the company's outstanding common stock. This program replaces a similar authorization from March 2025.
Management retains full discretion over the timing, method, and extent of any repurchases, which may occur through open-market purchases, privately negotiated transactions, or a Rule 10b5-1 plan. The company is not obligated to repurchase any shares and may suspend or discontinue the program at any time. For shareholders, the authorization signals the board's view that the stock may be attractively valued and provides a mechanism for capital return, though actual buyback activity and its impact on share count will depend on management's execution and market conditions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify