m_and_a
confidence high
sentiment positive
materiality 0.85
First Merchants completes merger with First Savings Financial Group; combined assets ~$21.4B
FIRST MERCHANTS CORP
- Merger effective Feb 1, 2026; each FSFG share converted into 0.85 FRME shares; ~6.1M FRME shares issued.
- First Savings contributed $2.4B assets, $1.9B loans, $1.7B deposits as of Dec 31, 2025.
- Combined company ~$21.4B assets; integration expected to complete in Q2 2026.
- First Savings Bank merges into First Merchants Bank; combined bank retains First Merchants brand.
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