−Removed: MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
−Removed: PERFORMANCE GRAPH
−Removed: The following graph compares the cumulative five year total return to shareholders on First Merchants Corporation’s common stock relative to the cumulative total returns of the Russell 2000 Index and the KBW Nasdaq Regional Banking Index.
−Removed: The graph assumes that the value of the investment in the Corporation’s common stock and in each of the indexes (including reinvestment of dividends) was $100 on December 31, 2019 and tracks it through December 31, 2024.
+Added: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: PERFORMANCE GRAPH — Comparison of Five‑Year Cumulative Total Return
+Added: The following graph compares the cumulative five-year total return to shareholders of First Merchants Corporation’s common stock relative to the cumulative total returns of the Russell 2000 Index and the KBW Nasdaq Regional Banking Index.
+Added: The graph assumes that the value of the Corporation’s common stock and each of the indexes, assuming reinvestment of dividends, was $100 on December 31, 2020 and tracks those values through December 31, 2025.
Period Ending
9 unchanged sentences
PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASES
−Removed: The following table presents information relating to our purchases of equity securities during the three months ended December 31, 2024, as follows:
+Added: The following table presents information relating to the Corporation’s purchases of equity securities during the three months ended December 31, 2025, as follows:
Period Total Number
1 unchanged sentence
per Share Total Number of Shares
−Removed: Purchased as part of Publicly announced Plans or Programs Maximum Number of Shares that may yet be Purchased Under the Plans or Programs (2)
+Added: Purchased as part of Publicly announced Plans or Programs (2)
+Added: Maximum Number of Shares that may yet be Purchased Under the Plans or Programs (2)
October, 2025 — $ — — 1,987,729
3 unchanged sentences
(1) During the three months ended December 31, 2025, there were 271,953 shares repurchased pursuant to the Corporation’s share repurchase program described in Note (2) below.
−Removed: The amounts in October 2024 and November 2024 also include 146 and 305 shares, respectively, repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of the Corporation’s restricted stock awards and are not a part of the Corporation’s share repurchase program described in note (2) below.
−Removed: (2) On January 27, 2021, the Board of Directors of the Corporation approved a stock repurchase program of up to 3,333,000 shares of the Corporation’s outstanding common stock;
−Removed: provided, however, that the total aggregate investment in shares repurchased under the program may not exceed $100,000,000.
−Removed: The program does not have an expiration date.
−Removed: However, it may be discontinued by the Board at any time.
+Added: The amounts in November 2025 and December 2025 include 311 and 91 shares, respectively, repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of the Corporation’s restricted stock awards and are not a part of the Corporation’s share repurchase program described in Note (2) below.
+Added: (2) On March 18, 2025, the Board of Directors of the Corporation approved a stock repurchase program of up to 2,927,000 shares of the Corporation’s outstanding common stock;
+Added: provided, however, that the total aggregate investment in shares repurchased under the program may not exceed $100.0 million.
+Added: The program does not have an expiration date and may be discontinued by the Board at any time.
Since commencing the program, the Corporation has repurchased a total of 1,211,224 shares of common stock for a total aggregate investment of $46.9 million.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.