Company: FRME
Filing Date: 2025-09-25
Form Type: 425
Source: 0001193125-25-216443
Chunk: 118

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 118
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%) Indianapolis (23.6%) 13.1% 30.7% 29.1% 1 Northwest Indiana (14.4%) Northwest Indiana (17.6%) $15.3B 15.2% $16.5B Northeast Indiana (13.7%)2 Loans 13.7% Deposits Michigan (15.2%) Southern Indiana (13.1%) 17.6% Southern Indiana (10.3%) 19.0% 23.6% 14.4% Columbus (9.2%) Columbus (4.2%) Note: Southern IN Includes the IN counties in which FSFG operates: Clark, Crawford, Daviess, Floyd, Harrison and Washington. 1Includes the Lafayette, IN MSA and Lake County, IN. 2Includes the Muncie, IN MSA and Fort Wayne, IN MSA. Source: FDIC Summary of Deposits as of June 30, 2025. 8

FSFG Market Dynamics: Southern Indiana Attractive markets that FRME intends to invest in and grow post-closing. Market strategy will include the continuation of the First Savings Charitable Foundation FSFG’s Footprint By the Numbers Key Economic Drivers River Ridge 6,000-acreindustrial park in Jeffersonville, IN 3.5% 10.9% Commerce Center 20+ companies supporting 19,000+ jobs $3.0 billion economic output in 2024 with $1.3 billion economic value added 2025-2030 Proj. 2025-2030 Proj. Canadian data centers 1 Meta and Solar constructing $1.6 billion+ of in Population Growth HHI Growth1 2025 Lewis and Clark Completed in December 2016 and connects Clark County, IN to Jefferson County, KY as part of the I-265Louisville Beltway Bridge $73.2K $9.0B Part of the $2.5 billion Ohio River Bridge Project, which includes two other Southern IN-KYbridges and was anticipated to have an $87 billion Median Aggregate economic impact over 30 years at opening Household Income1 Deposits Over 37.1 million crossings in 2024 across three tolled bridges; ~$961 million in revenue generated since inception Overview of Select FSFG Operating Cities Westgate 21-buildingcampus in Daviess County, IN located near NSA Crane, the Tech Park third largest navy installation in the world FSFG’s largest city by deposits; #1