Damon Del Monte

Daniel Tamayo

Nathan Race

Brendan Nosal

Brian Martin

Terence McEvoy

Terry McEvoy

- First Merchants Corporation (FRME) has entered into a definitive merger agreement to acquire First Savings Financial Group, Inc. (FSFG) in an **all-stock transaction** valued at approximately **$241.3 million**.  **[712534_0001193125-25-216440_d83219dex991.htm:1]** **[712534_0001193125-25-216440_d83219d8k.htm:1]** 
- Under the terms of the agreement, First Savings shareholders will receive **0.85 shares of First Merchants common stock** for each share of First Savings common stock, which represents an implied value of **$33.60 per share** based on FRME's closing price on September 24, 2025.  **[712534_0001193125-25-216440_d83219dex991.htm:1]** **[712534_0001193125-25-216440_d83219d8k.htm:1]** 
- The transaction is expected to be **11% accretive to earnings per share in 2027** (the first full year of combined operations) and has an estimated tangible book value earnback period of **3.0 years**.  **[712534_0001193125-25-216440_d83219dex991.htm:1]** 
- The combined company will have approximately **$21.0 billion in assets** and is anticipated to close in the **first quarter of 2026**, pending regulatory and First Savings shareholder approvals.  **[712534_0001193125-25-216440_d83219dex991.htm:1]**

FIRST MERCHANTS (FRME)