Company: FRME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000712534-25-000197
Chunk: 117

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-30
Form: 10-Q
Item: Part II, Item 2
Chunk 117
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ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

a. None

b. None

c. Issuer Purchases of Equity Securities

The following table presents information relating to our purchases of equity securities during the three months ended September 30, 2025.

PeriodTotal Numberof SharesPurchased (1)AveragePrice Paidper ShareTotal Number of SharesPurchased as part of Publicly announced Plans or Programs (2)Maximum Number of Sharesthat may yet be PurchasedUnder the Plans or Programs (2)July, 2025162,474 $39.86 162,474 1,987,729 August, 202533,651 $37.11 — 1,987,729 September, 2025113 $40.03 — 1,987,729 Total196,238 162,474 

(1)   During the three months ended September 30, 2025, there were 162,474 shares repurchased pursuant to the Corporation's share repurchase program described in note (2) below.  The amounts in August 2025 and September 2025 include 33,651 and 113 shares, respectively, repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of the Corporation's restricted stock awards and are not a part of the Corporation's share repurchase program described in note (2) below.

(2) On March 18, 2025, the Board of Directors of the Corporation approved a stock repurchase program of up to 2,927,000 shares of the Corporation's outstanding common stock; provided, however, that the total aggregate investment in shares repurchased under the program may not exceed $100,000,000.  The program does not have an expiration date.  However, it may be discontinued by the Board at any time.  Since commencing the program, the Corporation has repurchased a total of 939,271 shares of common stock for a total aggregate investment of $36.5 million.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.  MINE SAFETY DISCLOSURES

Not Applicable 

ITEM 5.  OTHER INFORMATION

a. None

b. None

c. During the three months ended September 30, 2025, no director or officer of the Corporation