NEWS

First Merchants Corporation (the “Corporation”) has reported third quarter 2024 net income available to common stockholders of $48.7 million compared to $55.9 million during the same period in 2023. Diluted earnings per common share for the period totaled $0.84 compared to the third quarter of 2023 result of $0.94. Excluding the $9.1 million pre-tax loss from repositioning of the available for sale securities portfolio, adjusted net income was $55.6 million, or $0.95 diluted earnings per common share for the third quarter of 2024.

First Merchants Bank announced recognition from workplace culture site Comparably for Best Work-Life Balance. The bank was selected out of 70,000 companies across the U.S. This marks the third Comparably recognition this year following categories including Best Career Growth, Best Leadership Team, and Best Work-Life Balance.

MUNCIE, IN—First Merchants Bank (Nasdaq: FRME), a high-performing and attentive bank in the Midwest, announced the addition of Justin Karvasky to the team as Senior Vice President, Corporate Controller.

First Merchants Bank (NASDAQ: FRME) is one of the select few regional banks to receive the TIME Magazine "America's Best Mid-Sized Companies” award.

Old Second Bancorp, Inc. (“Old Second Bancorp”) (NASDAQ: OSBC), the parent company of Old Second National Bank (“Old Second”), and First Merchants Corporation (“First Merchants Corp.”) (NASDAQ: FRME), the parent company of First Merchants Bank (“First Merchants”), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants.