First Merchants Corp (FRMEP) bonds
FRMEPNasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRME
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 11/303% below fair value
$25.17+0.00 (0.00%)
Close on Oct 30, 2026Market cap $1.58BP/E 7.8Yield 5.68%
Debt
Borrowings on the balance sheet, Sep 30, 2026
First Merchants reports no long-term debt line
Its balance sheet in XBRL does not include long-term debt, so totals and interest cost cannot be shown.
Notes and loans outstanding
As tagged in First Merchants's 10-Q for the period ended Mar 31, 2026
Coupon by maturity
Each circle is a note, sized by the amount issued. The line is what the US Treasury pays today for the same time to maturity.
| Issue | Coupon | Matures | Amount issued |
|---|---|---|---|
| 5.00% Senior Notes Due 2028 | 5.00% | 2028 | $5.00M |
| 6.75% Subordinated Notes Due 2028 | 6.75% | 2028 | $65.00M |
| Fixed-to-Floating Rate Senior Notes due 2028 | 5.00% | 2028 | $5.00M |
| Fixed-to-Floating Rate Subordinated Notes due 2028 | 6.75% | 2028 | $65.00M |
| First Merchants Senior Notes and Subordinated Notes | – | – | $0 |
| First Savings Subordinated Notes | 4.50% | – | $29.00M |
| Level One Subordinated Notes | 4.75% | – | $30.00M |
Companies tag their debt differently: some list every note, others group notes by issuance year or by type, so the list may not add up to total debt. Notes that matured before today are hidden. Source: 10-Q.
Credit facilities
Revolving credit lines and other committed borrowing capacity
| Facility | Size |
|---|---|
| U.S. Bank, N.A | $75.00M |