Transaction details
According to a Form 4 filing with the Securities and Exchange Commission, Larry W. Myers, who serves as a Director and First Vice President at First Merchants Corp (NASDAQ:FRME), sold 5,000 shares of common stock on February 26, 2026. The shares were sold at $41.50 apiece, producing proceeds of $207,500.
Post-sale ownership
After completing the transaction, Myers directly holds 109,491 shares of First Merchants Corp. He also retains indirect stakes: 71,983 shares held via a Spousal IRA and 181,728 shares held through a 401k.
Valuation, dividend profile and investor tools
The bank holding company trades at a price-to-earnings ratio of 10.6. InvestingPro’s Fair Value analysis classifies the stock as undervalued. First Merchants is described as a $2.34 billion bank holding company that offers a dividend yield of 3.51% and has increased its dividend for 14 consecutive years. The article notes that InvestingPro subscribers can access more than 10 additional tips and detailed financial metrics for FRME.
Quarterly results and dividend declaration
First Merchants reported fourth-quarter 2025 results that topped analyst expectations. The company posted earnings per share of $0.98 versus a forecast of $0.95, and reported revenue of $178.36 million compared with the $173.17 million analysts had anticipated. In connection with its financial results, First Merchants declared a quarterly cash dividend of $0.36 per common share. Shareholders of record as of March 6, 2026, are scheduled to receive the dividend on March 20, 2026.
Board appointment and background
Following a merger, Myers joined the Board of Directors of First Merchants Corporation and First Merchants Bank. The filing notes that Myers recently announced his departure as President and CEO of First Savings Bank and that he brings nearly 20 years of experience to the First Merchants board.
Context and takeaways
The filing documents a routine insider transaction alongside recent corporate developments: an earnings beat, a dividend declaration with set record and payment dates, and a board appointment tied to a merger. Myers continues to hold meaningful direct and indirect equity positions in the company.