secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MERCHANTS CORP (FRME)
CIK:        0000712534
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0000712534-25-000065
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

First Merchants Corp authorizes $100M share repurchase program (up to 2.9M shares, ~5% of outstanding)
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- Board approved repurchase of up to 2,927,000 shares (approx. 5% of outstanding) at aggregate cost not exceeding $100M.
- Program replaces a similar authorization from January 2021.
- Purchases may be made in open market or private transactions; no obligation to buy any shares.
- Timing and size depend on market conditions, price, and legal requirements; program can be discontinued anytime.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712534/000071253425000065/0000712534-25-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712534/000071253425000065/frme-20250318.htm
  HTML page:      https://secwatch.observer/filing/0000712534-25-000065

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