Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 36

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 36
---
 | To record the current year’s net income and purchase accounting adjustments in retained earnings and 
 cash.                                                                                                |

| (V) | To record a dividend from First Merchants Bank to First Merchants Corporation of $35 million per quarter. |

| (W) | To eliminate First Savings’ ACL on securities of $13,000. |

| (X) | To eliminate First Savings’ brokered CD issuance costs of $79,000. |

| (Y) | To eliminate First Savings’ net deferred fees/(costs) of ($2,061,000). |

22

RISK FACTORS In addition to general investment risks and the other information contained in or incorporated by reference into this proxy statement and prospectus, including the matters addressed under the section “FORWARD-LOOKING STATEMENTS,” you should carefully consider the following risk factors in deciding how to vote for the Merger Proposal presented in this proxy statement and prospectus. You should also consider the other information in this proxy statement and prospectus and the other documents incorporated by reference into this proxy statement and prospectus. See “WHERE YOU CAN FIND ADDITIONAL INFORMATION” on page 89. Risk Factors Relating to the Merged Company and Its Industry Combining the two companies may be more difficult, costly, or time consuming than expected and the anticipated benefits and costs savings of the Merger may not be realized. Even though First Merchants has acquired other financial services businesses in the past, the success of the Merger with First Savings will depend on a number of factors, including, but not limited to, First Merchants’ ability to integrate First Savings’ operations with its operations by, among other things:

| • |     | maintaining existing relationships with First Merchants’ depositors and First Savings’ depositors to 
 minimize withdrawals of deposits subsequent to the acquisition;                                      |

| • |     | maintaining and enhancing existing relationships with borrowers of First Merchants and First Savings; |

| • |     | achieving projected net income of First Merchants and expected cost savings and revenue enhancements from the 
 merged company;                                                                                               |

| • |     | controlling the incremental non-interest expense to maintain overall 
 operating efficiencies;                                              |

| • |     | retaining and attracting key and qualified management, lending, and other banking personnel; and |

| • |     | competing effectively in the communities served by First Merchants and First Savings, and in nearby communities. |

First Merchants’ failure to successfully integrate First Savings into its business may adversely affect its financial condition and results of operations