MUNCIE, Ind. – First Merchants Bank (Nasdaq: FRME) announced it was 48th in S&P Global Market Intelligence’s 2023 Top 50 Public Banks list. This prestigious ranking recognizes First Merchants’ commitment to financial excellence and its dedication to serving the diverse communities in which it operates.

“We are honored to be included again in this esteemed ranking by S&P Global Market Intelligence,” said Mark Hardwick, CEO of First Merchants Corporation. “This recognition reflects the hard work and dedication of our entire team, representing passionate focus upon helping our customers and communities prosper.”

S&P Global Market Intelligence utilizes profitability, growth, and risk profile data to assess the performance of public banks. The inclusion in this ranking signifies First Merchants’ reputation of strong financial performance and genuine commitment to responsible banking practices.

First Merchants Bank received other recognitions in the past including Forbes World’s Best Banks, Forbes America’s Best Banks, American Banker Best Banks to Work For, and Newsweek’s Best Banks.

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About First Merchants Corporation
With nearly $18.3 billion in assets¹, First Merchants Corporation (NASDAQ: FRME) is a registered bank holding company offering a full line of commercial and consumer banking services and wealth management services through First Merchants Bank and First Merchants Private Wealth Advisors in Indiana, Illinois, Michigan, and Ohio. With more than 130 years of enhancing the financial wellness of the diverse communities it serves, First Merchants makes meaningful contributions through Employee Empowerment, Philanthropy and Charitable Giving, Financial Wellness, Community Home and Business Lending, and Diversity, Equity, and Inclusion. The company has been honored for its attentive and knowledgeable service and culture by Forbes, Newsweek, American Banker, Comparably, and S&P Global Intelligence “Best Banks” awards. First Merchants Bank attributes this recognition to a mission-driven team that is passionate about “helping you prosper” through attentiveness as its genuine and unique approach to customer service. To see how First Merchants Bank is making a difference, go to (www.firstmerchants.com).

¹As of December 31, 2023.