13 /100
LOW RISK
Score updated Jul 13, 2026

FRME — First Merchants Corporation Dilution Risk Tracker

Track FRME dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 13, 2026, First Merchants Corporation (FRME) has a DilutionWatch DilutionScore of 13/100, rated LOW dilution risk. First Merchants Corporation has a market capitalization of $2.54B, 63.02M shares outstanding, 301 institutional holders tracked. Key dilution vectors include approximately 999 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
20
💰 Cash Runway
0
📊 Float Risk
5
⚠️ Warrant Exposure
15
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
0%
No significant dilution signals detected for FRME.
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💹 Market Data

Market Cap$2.54B
Shares Outstanding63.02M
Float61.86M
Cash$177.20M
Debt$1.69B
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↓ 14.4% shares (2026Q1 vs prior)
301 institutional holders · 51.61M shares
#1 VANGUARD CAPITAL MANAGEMENT LLC 5.46M shares
#2 BlackRock, Inc. 4.90M shares
#3 DIMENSIONAL FUND ADVISORS LP 3.60M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest1.55M
Days to Cover2.7
% of Float2.5%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL WARRANT Jul 07, 2026
xbrl XBRL CONVERTIBLE Dec 31, 2010
4 INSIDER TRANSACTION Apr 02, 2026
4 INSIDER TRANSACTION Apr 02, 2026
4 INSIDER TRANSACTION Apr 02, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for FRME Shareholders

First Merchants Corporation (FRME) has a DilutionScore of 13/100, rated Low dilution risk. At this score level, DilutionWatch's real-time EDGAR monitoring shows limited near-term dilution signals. This does not mean zero dilution risk — shelf registrations can be filed and activated quickly — but the current filing profile shows no major outstanding dilution programs. Score as of July 13, 2026.

DilutionWatch's EDGAR monitoring for FRME shows no major active dilution programs at this time. The primary risk categories — shelf registration capacity, ATM programs, warrant overhang, and cash runway — are each within normal ranges for a company of this profile. This can change quickly if a new S-3 or Form S-1 is filed.

DilutionWatch tracks over 25 SEC filing types for FRME in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for FRME alongside comparable low-risk stocks. Not financial advice — this analysis is for informational purposes only.

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