FRME ▼ -1.5% - First Merchants Corporation $FRME - First Merchants Corporation Announces Pricing of Subordinated Notes Offering First Merchants Corporation announced the pricing of a subordinated notes offering, which drove shares down 1.5% as investors digested the debt issuance. Subordinated note offerings can raise capital but also increase the company's leverage, which may have triggered selling pressure in the stock. 23-SEP-2026 05:49 PM ET