---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-216440"
form_type: "8-K"
ticker: "FRME"
cik: "0000712534"
company_name: "FIRST MERCHANTS CORP"
filed_at: "2025-09-25T23:59:59+00:00"
generated_at: "2026-05-17T05:43:27.777358+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First Merchants to acquire First Savings in $241M all-stock merger; exchange ratio 0.85

## Summary
- All-stock transaction valued at ~$241.3M; FSFG shareholders receive 0.85 FRME shares per share, implied $33.60/FSFG share.
- Deal expected to close Q1 2026; ~11% EPS accretion in 2027, tangible book value earnback ~3.0 years.
- First Savings has $2.4B assets, $1.9B loans, $1.7B deposits; combined company assets ~$21B across IN, MI, OH.
- Larry W. Myers (First Savings CEO) to join First Merchants Board of Directors upon closing.
- Transaction approved by both Boards; requires First Savings shareholder and regulatory approvals.

## SEC filing metadata
- accession: 0001193125-25-216440
- form_type: 8-K
- ticker: FRME
- cik: 0000712534
- company_name: FIRST MERCHANTS CORP
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712534/000119312525216440/0001193125-25-216440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712534/000119312525216440/d83219d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-216440
- JSON: https://secwatch.observer/filing/0001193125-25-216440.json
- Plain text: https://secwatch.observer/filing/0001193125-25-216440.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.