Company: FRME
Filing Date: 2025-09-25
Form Type: 425
Source: 0001193125-25-216443
Chunk: 113

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 113
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 includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Pursuant to the requirements of Regulation G, First Merchants Corporation has provided reconciliations within the slides, as necessary, of the non-GAAPfinancial measure to the most directly comparable GAAP financial measure.

A Leading Midwest Banking Franchise Partnership Enhances Scale, Expands Indiana Footprint & Delivers Key Business Lines 1 Michigan Pro Forma Financial Highlights Monroe MSA Rank: 1 Detroit MSA Rank: 11 Deposits: $2.5B 1.2%+ Ticker: FRME Loans: $2.9B 2026E ROAA Northwest Indiana Lake County Rank: 5 Headquarters: Muncie, IN Lafayette MSA Rank: 2 ~54% Deposits: $2.9B M i c h i g a n 2026E Efficiency Ratio Founded: 1893 Loans: $2.2B 14%+ Branches: 127 2026E ROATCE s Assets: $21.0 Billion i Northeast Indiana o I n d i a n a Muncie MSA Rank: 1 $2.5 Billion n Ft Wayne MSA Rank: 5 Market Capitalization2 Loans HFI: $15.2 Billion i Deposits: $4.8B l Loans: $2.1B l I 3.6% Dividend Yield3 Deposits: $16.5 Billion O h i o 1Balance sheet figures as of June 30, 2025 and do not include any merger related adjustments. 2Based on adding stock issued in transaction to FRME market capitalization as of September 24, 2025. 3Based on FRME closing stock price of $39.87 as of September 24, 2025 and 2025Q2 [$0.36] dividend annualized. Indianapolis 4Louisville MSA Includes only Indiana counties classified as part of the Louisville/Jefferson County, KY-INMSA (Clark, Floyd, Indianapolis MSA Rank: 7 Columbus Harrison and Washington counties). Deposits: $3.9B Columbus MSA Rank: 15 Loans: $4.7B Deposits: $0.7B Loans: $1.4B Southern Indiana Louisville MSA4 Rank: 2