FIRST MERCHANTS CORP

First Merchants Corporation (Nasdaq: FRME) is a financial holding company headquartered in Muncie, Indiana, operating through its wholly-owned subsidiary First Merchants Bank. The company's website is https://www.firstmerchants.com. First Merchants Bank, which opened for business in Muncie in March 1893, operates as a full-service community bank with 111 banking locations across Indiana, Ohio, and Michigan.

The Corporation operates primarily within a single community banking segment, offering comprehensive commercial and consumer banking services. Its commercial banking team provides debt capital, treasury management services, and depository products to business clients. The consumer banking group delivers a range of deposit and lending products for individual customers, while the mortgage banking team specializes in residential property financing solutions including purchases, refinances, construction, and renovations. First Merchants Private Wealth Advisors, a division of the Bank, offers personal wealth management services encompassing investment management, private banking, fiduciary estate planning, and financial planning services.

As of December 31, 2025, First Merchants Corporation reported consolidated assets of $19.0 billion, consolidated deposits of $15.3 billion, and stockholders' equity of $2.5 billion. The organization employed 2,086 full-time equivalent employees as of year-end 2025.

The company pursues a disciplined acquisition strategy focused on geographic expansion and market consolidation within its Midwest footprint. In February 2026, First Merchants completed the acquisition of First Savings Financial Group, Inc., which operated 16 banking centers in southern Indiana with approximately $2.4 billion in assets. This transaction expanded the Corporation's presence in Indiana and added complementary market demographics to its existing portfolio.

First Merchants differentiates itself through emphasis on local decision-making, personalized customer service, and convenient access to a broad array of financial products. The company competes against national and regional banks, internet banks, credit unions, and other financial intermediaries across its operating markets. The Corporation maintains strong capital positions, consistently exceeding Basel III regulatory requirements and maintaining well-capitalized status under FDIC prompt corrective action standards.