First Merchants Corp (FRME) Stock Split History

First Merchants Corp has split its stock 6 times since its initial public offering (IPO). The first stock split occurred on January 26, 1993 with the ratio of 3-for-2, meaning that for 2 shares of FRME owned pre-split, shareholders then owned 3 shares. 5 more splits have been implemented since then. The most recent stock split took place on August 27, 2003 on a 21-for-20 basis.

These splits have increased FRME stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on First Merchants Corp's total market capitalization.

For more detailed information of First Merchants Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. First Merchants Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when FRME stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by First Merchants Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.