Company: FRME
Filing Date: 2025-09-25
Form Type: 425
Source: 0001193125-25-216443
Chunk: 123

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 123
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9 2020 2021 2022 2023 2024 YTD’25 Dividends per Share FRME KBW NASDAQ Regional Banking Index CAGR 2014-2024: 17.0% $1.34 $1.39 $1.25 $1.13 $1.04 $1.00 Tangible Book Value per Share $0.84 $0.69 $0.71 $31.21 $0.54 CAGR 2014-2024: 7.0% $30.02 $0.41 $27.98 $0.29 Adjusted CAGR1 8.5% $25.42 $24.09 $22.64 $21.24 $19.24 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD’25 $16.78 $15.83 $14.38 $13.27 Return on Tangible Common Equity 18.77% 18.12% $13.65 $14.68 $15.85 $16.96 $19.12 $21.94 $24.27 $25.21 $21.45 $25.06 $26.78 $27.90 16.76% 15.81% 16.17% 14.30% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD’25 13.26% 13.29% 13.71% 12.94% 12.47% 12.21% 1 TBVPS TBVPS Without AFS OCI 1Tangible book value per share excluding unrealized gain/loss in available for sale securities. 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD’25 14

APPENDIX

FSFG Summary Financial Highlights (Dollars in Thousands) CY 2020 CY 2021 CY 2022 CY 2023 CY 2024 6/30/25 LTM Balance Sheet Total Assets $ 1,873,665 $ 1,764,589 $ 2,196,919 $ 2,308,092 $