First Merchants authorizes $100M stock repurchase program covering ~5% of shares

FIRST MERCHANTS CORP

Board approved repurchase of up to 3,125,000 shares (~5% of outstanding) for max $100M.
Program replaces prior authorization from March 2025; timing and volume at management's discretion.
Repurchases may be via open-market, private transactions, or Rule 10b5-1 plan, subject to market conditions.

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