Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 29

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 29
---
 |   |     | $             |  1.18 |   |
| Book value per share                                                          |     |            |       |   |     |            |       |   |     |                    |       |   |     |               |       |   |
| At June 30, 2025                                                              |     | $          | 40.56 |   |     | $          | 26.35 |   |     | $                  | 40.24 |   |     | $             | 34.21 |   |
| At December 31, 2024 (First Merchants) and September 30, 2024 (First Savings) |     | $          | 39.33 |   |     | $          | 25.72 |   |     | $                  | 39.13 |   |     | $             | 33.26 |   |
| Tangible Capital Ratio                                                        |     |            |       |   |     |            |       |   |     |                    |       |   |     |               |       |   |
| At June 30, 2025                                                              |     |            |  8.92 | % |     |            |  7.22 | % |     |                    |  8.25 | % |     |               |  7.01 | % |
| At December 31, 2024 (First Merchants) and September 30, 2024 (First Savings) |     |            |  8.81 | % |     |            |  6.84 | % |     |                    |  8.17 | % |     |               |  6.94 | % |

| (1) | See note (1) in “Notes to Unaudited Pro forma Summary of Selected Consolidated Financial Data” on 
 page 20.                                                                                          |

| (2) | See note (2) in “Notes to Unaudited Pro forma Summary of Selected Consolidated Financial Data” on 
 page 20.                                                                                          |

15

SELECTED CONSOLIDATED FINANCIAL DATA

The following tables set forth certain summary historical consolidated financial data for each of our companies. First Merchants’
balance sheet and income statement data as of and for the five years in the period ended December 31, 2024 are taken from First Merchants’ audited financial statements (which data and financial statements are presented on