Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 81

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 81
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 assumptions, including the impact of final purchase accounting adjustments determined at the closing of the
transaction, and noted that the actual results achieved by the combined company may vary from projected results and the variations may be material.

Piper Sandler’s Relationship.

Piper Sandler is acting as First Savings’ financial advisor in connection with the transaction and will receive a fee for such services
in an amount equal to 1.625% of the aggregate purchase price, which fee is contingent upon the closing of the merger. At the time of announcement of the transaction, Piper Sandler’s fee was approximately $4.0 million. Piper Sandler also
received a $400,000 fee from First Savings upon rendering its opinion, which opinion fee will be credited in full towards the transaction fee which will become payable to Piper Sandler upon closing of the transaction. First Savings has also agreed
to indemnify Piper Sandler against certain claims and liabilities arising out of Piper Sandler’s engagement and to reimburse Piper Sandler for certain of its
out-of-pocket expenses incurred in connection with Piper Sandler’s engagement.

In the two years preceding the date of Piper Sandler’s opinion Piper Sandler did not provide any other investment banking services to
First Savings, nor did Piper Sandler provide any investment banking services to First Merchants. In the ordinary course of Piper Sandler’s business as a broker-dealer, Piper Sandler may purchase securities from and sell securities to First
Savings, First Merchants and their respective affiliates. Piper Sandler may also actively trade the equity and debt securities of First Savings, First Merchants and their respective affiliates for Piper Sandler’s account and for the accounts
of Piper Sandler’s customers.

Certain Unaudited Prospective Financial Information

First Merchants and First Savings do not, as a matter of course, publicly disclose forecasts or internal projections as to their respective
future performance, revenues, earnings, financial condition, or other results given, among other reasons, the inherent uncertainty of the underlying assumptions and estimates, other than, from time to time, estimated ranges of certain expected
financial results and operational metrics for the current year and certain future years in their respective regular earnings press releases and other investor materials.

However, First Merchants and First Savings are including in this proxy statement and prospectus certain unaudited prospective financial
information for First Merchants and First Savings that was made available as described below. We refer to this information collectively as the “prospective financial information.” A summary of certain significant elements of this