Company: FRME
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0000712534-25-000132
Chunk: 2

Company: FIRST MERCHANTS CORP
Filing Date: 2025-06-20
Form: 11-K
Chunk 2
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 accompanying schedule of delinquent participant contributions for the year ended December 31, 2024 and schedule of assets (held at end of year) as of December 31, 2024 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 . In our opinion, the schedule of delinquent participant contributions and schedule of assets (held at end of year) are fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.

/s/ Forvis Mazars, LLP

We have served as the Plan’s auditor since 1991.

#### Indianapolis, Indiana

#### June 20, 2025
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#### First Merchants Corporation

#### Retirement Income and Savings Plan

#### Statements of Net Assets Available for Benefits

#### December 31, 2024 and 2023
| Assets                             
 Investments, at fair value         |     | 2024 |             |     | 2023 |             |
|:-----------------------------------|:----|:-----|------------:|:----|:-----|------------:|
| Common Stock                       |     | $    |   8,986,228 |     | $    |   9,873,507 |
| Mutual Funds                       |     |      | 236,673,791 |     |      | 214,685,524 |
| Self-Directed Brokerage            |     |      |   1,878,460 |     |      |           — |
| Investments, at contract value     |     |      |             |     |      |             |
| Group Annuity Contract             |     |      |  10,197,192 |     |      |  11,609,476 |
| Total Investments                  |     |      | 257,735,671 |     |      | 236,168,507 |
| Receivables                        |     |      |