Company: FRME
Filing Date: 2025-09-25
Form Type: 425
Source: 0001193125-25-216443
Chunk: 119

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 119
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 market share 60+ companies supporting 1,000+ jobs Strong presence in logistics, healthcare, and retail Jeffersonville, IN Primarily focused on the defense and information technology industries Major corporate expansions underway via the River Ridge Commerce Center $200 million+ in planned capital investment moving forward Situated just across the Ohio River from Louisville Major Employers in Southern Indiana Focus on healthcare, retail and food services sectors; New Albany, IN modest manufacturing activity in the region Home to Indiana University Southeast Oldest American town in the former Northwest Clarksville, IN Territory Heavy focus on manufacturing sector Note: Southern IN Includes the IN counties in which FSFG operates: Clark, Crawford, Daviess, Floyd, Harrison and Washington. 1Figures based on population-weighted average by county. Data Source: FDIC Summary of Deposits as of June 30, 2025; U.S. Census Bureau; River Ridge Commerce Center 2024 Annual 9 Report; Manufacturing Dive; Southern Indiana Business Journal; RiverLink 2024 Annual Report; Courier Journal.

Opportunity to Expand FSFG’s Specialty Lines FSFG offers three specialty, nationwide lines that can be invested in to expand and grow Growth from these lines could either be on balance sheet or through an originate-to-sellmodel to enhance fee income Tony Schoen – CFO and Director of FSFG – will oversee FSFG’s specialty business lines post-closing Triple-Net-LeaseFinance First Lien HELOCs SBA Lending (Introduced in 2013) (Shifted to Originate to Sell in 2025) (Introduced in 2015) $756.6M $401.5M $101.5M Loans Outstanding Loans Outstanding Loans Outstanding Loans to high-net-worthindividuals that Nationally-enabled, differentiated Originates out-of-market7(a) loans, sells are secured by low loan-to-value,single- product that combines mortgage and the guaranteed portions in the secondary tenant commercial properties HELOC functionality market, and retains the unguaranteed balance Focus on retail, office and medical spaces Offered in 46 states through a loan with loan amounts ranging from $500K to production office in Franklin, TN Right-sizedback office with strong $10M technology platform Shifted to originate to sell model in 2025 Underwritten with LTV < 70%, DSCR of with first $22.5 million sale in CQE June $55.4 million LTM final funded SBA loans 1.20x and greater 30, 2025, anticipate