See more : Towne Bancorp, Inc. (TWNE) Income Statement Analysis – Financial Results
Complete financial analysis of First Merchants Corporation (FRME) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Merchants Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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First Merchants Corporation (FRME)
About First Merchants Corporation
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 654.31M | 628.14M | 520.00M | 492.05M | 443.35M | 415.32M | 348.29M | 291.68M | 260.67M | 252.70M | 209.07M | 216.64M | 192.88M | 193.66M | 211.28M | 165.75M | 153.67M | 144.71M | 145.85M | 139.94M | 139.04M | 120.00M | 82.90M | 72.62M | 68.20M | 53.40M | 49.00M | 45.40M | 34.80M | 33.30M | 32.10M | 30.80M | 27.20M | 23.80M | 22.80M | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.25M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 654.31M | 628.14M | 520.00M | 492.05M | 443.35M | 415.32M | 348.29M | 291.68M | 259.42M | 252.70M | 209.07M | 216.64M | 192.88M | 193.66M | 211.28M | 165.75M | 153.67M | 144.71M | 145.85M | 139.94M | 139.04M | 120.00M | 82.90M | 72.62M | 68.20M | 53.40M | 49.00M | 45.40M | 34.80M | 33.30M | 32.10M | 30.80M | 27.20M | 23.80M | 22.80M | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.52% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 243.42M | 217.13M | 173.24M | 161.74M | 144.75M | 134.62M | 122.38M | 105.59M | 105.56M | 100.24M | 88.28M | 82.91M | 87.18M | 87.73M | 83.93M | 63.01M | 58.84M | 56.13M | 54.06M | 52.48M | 50.48M | 39.15M | 24.71M | 21.42M | 19.80M | 15.60M | 14.30M | 13.40M | 10.60M | 10.10M | 9.10M | 8.80M | 7.70M | 6.70M | 6.50M | 0.00 | 0.00 |
| Selling & Marketing | 7.43M | 7.71M | 5.76M | 6.61M | 6.65M | 4.68M | 3.74M | 3.01M | 3.49M | 3.46M | 2.24M | 2.16M | 2.00M | 1.97M | 2.13M | 2.31M | 2.21M | 1.93M | 2.01M | 1.71M | 1.80M | 1.50M | 1.07M | 1.01M | 900.00K | 800.00K | 900.00K | 0.00 | 600.00K | 500.00K | 500.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 250.85M | 224.84M | 179.00M | 168.35M | 151.40M | 139.31M | 126.12M | 108.60M | 109.06M | 103.70M | 90.51M | 85.07M | 89.18M | 89.70M | 86.06M | 65.32M | 61.05M | 58.06M | 56.07M | 54.19M | 52.28M | 40.65M | 25.78M | 22.43M | 20.70M | 16.40M | 15.20M | 13.40M | 11.20M | 10.60M | 9.60M | 8.80M | 7.70M | 6.70M | 6.50M | 0.00 | 0.00 |
| Other Expenses | 0.00 | -512.50M | -458.21M | -490.43M | -400.97M | -312.04M | -300.88M | -261.52M | -249.21M | -249.45M | -220.79M | -214.56M | 400.00K | 1.54M | 6.73M | -112.26M | -54.12M | -61.86M | -92.30M | -99.95M | -100.65M | -65.07M | -18.48M | -4.59M | -12.80M | -8.20M | -6.50M | -6.30M | -8.60M | -13.70M | -12.10M | -7.10M | 1.70M | 6.70M | 6.10M | 4.40M | 3.90M |
| Operating Expenses | 333.03M | -287.67M | -279.21M | -322.08M | -249.56M | -158.09M | -174.77M | -152.93M | -140.15M | -145.75M | -130.28M | -129.49M | 89.58M | 91.24M | 92.79M | -46.94M | 6.92M | -3.80M | -36.23M | -45.76M | -48.37M | -24.42M | 7.30M | 17.84M | 7.90M | 8.20M | 8.70M | 7.10M | 2.60M | -3.10M | -2.50M | 1.70M | 9.40M | 13.40M | 12.60M | 4.40M | 3.90M |
| Cost & Expenses | 333.03M | -287.67M | -279.21M | -322.08M | -249.56M | -158.09M | -174.77M | -152.93M | 1.25M | -145.75M | -130.28M | -129.49M | 89.58M | 91.24M | 92.79M | -46.94M | 6.92M | -3.80M | -36.23M | -45.76M | -48.37M | -24.42M | 7.30M | 17.84M | 7.90M | 8.20M | 8.70M | 7.10M | 2.60M | -3.10M | -2.50M | 1.70M | 9.40M | 13.40M | 12.60M | 4.40M | 3.90M |
| Interest Income | 893.89M | 605.01M | 446.63M | 448.51M | 465.41M | 407.94M | 314.90M | 253.31M | 221.20M | 208.88M | 170.83M | 175.95M | 181.25M | 199.58M | 230.44M | 219.47M | 230.73M | 208.61M | 177.21M | 156.97M | 155.53M | 146.68M | 120.44M | 116.53M | 100.50M | 79.80M | 75.50M | 69.50M | 50.00M | 43.10M | 42.00M | 45.90M | 48.60M | 47.30M | 45.80M | 0.00 | 0.00 |
| Interest Expense | 348.49M | 84.80M | 35.95M | 66.38M | 108.75M | 69.09M | 37.61M | 26.84M | 24.79M | 21.84M | 16.57M | 23.61M | 37.89M | 56.01M | 77.09M | 90.09M | 117.61M | 98.51M | 66.08M | 51.59M | 52.39M | 53.76M | 56.07M | 60.55M | 46.90M | 38.10M | 35.70M | 32.40M | 22.10M | 16.10M | 16.50M | 20.70M | 26.60M | 28.20M | 27.50M | 0.00 | 0.00 |
| Depreciation & Amortization | 11.71M | 11.82M | 10.70M | 11.01M | 9.38M | 8.84M | 7.97M | 7.16M | 2.84M | 2.45M | 1.65M | 1.93M | 5.16M | 5.70M | 5.96M | 4.61M | 4.33M | 5.38M | 5.07M | 5.06M | 4.77M | 7.29M | 4.67M | 4.17M | 3.10M | 2.20M | 1.90M | 1.90M | 1.90M | 2.40M | 1.80M | 800.00K | 600.00K | 600.00K | 500.00K | 0.00 | 0.00 |
| EBITDA | 270.94M | 267.49M | 251.49M | 180.98M | 203.17M | 196.98M | 141.56M | 115.82M | 97.31M | 87.56M | 63.88M | 65.46M | 39.07M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 48.61M | 47.66M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.40M | 3.90M |
| EBITDA Ratio | 41.41% | 55.52% | 47.41% | 35.76% | 45.06% | 64.06% | 51.44% | 48.91% | 46.84% | 43.29% | 38.48% | 41.12% | 39.90% | 33.58% | 6.56% | 74.46% | 107.32% | 101.09% | 78.63% | 70.92% | 68.64% | 85.72% | 114.45% | 130.30% | 116.13% | 119.48% | 121.63% | 119.82% | 112.93% | 97.90% | 97.82% | 108.12% | 136.76% | 158.82% | 157.46% | 0.00% | 0.00% |
| Operating Income | 259.23M | 340.48M | 240.79M | 169.98M | 193.79M | 257.23M | 173.53M | 138.75M | 119.27M | 106.96M | 78.80M | 87.15M | 71.80M | 59.33M | 7.91M | 118.81M | 160.60M | 140.90M | 109.62M | 94.18M | 90.68M | 95.58M | 90.21M | 90.45M | 76.10M | 61.60M | 57.70M | 52.50M | 37.40M | 30.20M | 29.60M | 32.50M | 36.60M | 37.20M | 35.40M | 4.40M | 3.90M |
| Operating Income Ratio | 39.62% | 54.20% | 46.31% | 34.54% | 43.71% | 61.93% | 49.82% | 47.57% | 45.76% | 42.32% | 37.69% | 40.23% | 37.22% | 30.64% | 3.74% | 71.68% | 104.51% | 97.37% | 75.16% | 67.30% | 65.21% | 79.65% | 108.81% | 124.56% | 111.58% | 115.36% | 117.76% | 115.64% | 107.47% | 90.69% | 92.21% | 105.52% | 134.56% | 156.30% | 155.26% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | 0.00 | -32.28M | 0.00 | 0.00 | -28.08M | -25.66M | -25.29M | -18.12M | -23.77M | -23.52M | -3.91M | -400.00K | -1.54M | -69.19M | -1.46M | -1.77M | -103.89M | -1.63M | 0.00 | -52.39M | -53.76M | -56.07M | -60.55M | -46.90M | -38.10M | -35.70M | -32.40M | -22.10M | -16.10M | -16.70M | -20.70M | -26.60M | -28.20M | -27.50M | 0.00 | 0.00 |
| Income Before Tax | 259.23M | 255.67M | 240.79M | 169.98M | 193.79M | 188.14M | 133.59M | 108.66M | 91.05M | 81.55M | 59.21M | 60.99M | 33.91M | 3.32M | -69.19M | 28.72M | 42.98M | 42.39M | 43.54M | 42.60M | 38.29M | 41.82M | 34.13M | 29.91M | 29.20M | 23.50M | 22.00M | 20.10M | 15.30M | 14.10M | 12.90M | 11.80M | 10.00M | 9.00M | 7.90M | 0.00 | 0.00 |
| Income Before Tax Ratio | 39.62% | 40.70% | 46.31% | 34.54% | 43.71% | 45.30% | 38.36% | 37.25% | 34.93% | 32.27% | 28.32% | 28.15% | 17.58% | 1.71% | -32.75% | 17.33% | 27.97% | 29.30% | 29.85% | 30.44% | 27.54% | 34.85% | 41.17% | 41.19% | 42.82% | 44.01% | 44.90% | 44.27% | 43.97% | 42.34% | 40.19% | 38.31% | 36.76% | 37.82% | 34.65% | 0.00% | 0.00% |
| Income Tax Expense | 35.45M | 33.59M | 35.26M | 21.38M | 29.33M | 29.00M | 37.52M | 27.61M | 25.67M | 21.39M | 14.68M | 15.87M | 8.66M | -2.98M | -28.42M | 8.08M | 11.34M | 12.20M | 13.30M | 13.19M | 10.72M | 13.98M | 11.92M | 9.97M | 10.10M | 8.10M | 7.60M | 7.00M | 5.40M | 4.90M | 4.40M | 4.00M | 3.20M | 3.00M | 2.20M | -4.40M | -3.90M |
| Net Income | 223.79M | 222.09M | 205.53M | 148.60M | 164.46M | 159.14M | 96.07M | 81.05M | 65.38M | 60.16M | 44.53M | 45.12M | 25.25M | 6.30M | -40.76M | 20.64M | 31.64M | 30.20M | 30.24M | 29.41M | 27.57M | 27.84M | 22.21M | 19.94M | 19.10M | 15.40M | 14.40M | 13.10M | 9.90M | 9.20M | 8.70M | 7.80M | 6.80M | 6.00M | 5.70M | 4.40M | 3.90M |
| Net Income Ratio | 34.20% | 35.36% | 39.52% | 30.20% | 37.10% | 38.32% | 27.58% | 27.79% | 25.08% | 23.81% | 21.30% | 20.83% | 13.09% | 3.25% | -19.29% | 12.45% | 20.59% | 20.87% | 20.73% | 21.02% | 19.83% | 23.20% | 26.79% | 27.46% | 28.01% | 28.84% | 29.39% | 28.85% | 28.45% | 27.63% | 27.10% | 25.32% | 25.00% | 25.21% | 25.00% | 0.00% | 0.00% |
| EPS | 3.74 | 3.83 | 3.82 | 2.75 | 3.20 | 3.23 | 2.13 | 1.99 | 1.73 | 1.66 | 1.42 | 1.42 | 0.34 | 0.48 | -1.93 | 1.14 | 1.73 | 1.64 | 1.64 | 1.59 | 1.51 | 1.70 | 1.62 | 1.52 | 1.37 | 1.30 | 1.21 | 1.15 | 1.12 | 1.04 | 0.99 | 0.88 | 0.80 | 0.72 | 0.68 | 0.61 | 0.54 |
| EPS Diluted | 3.73 | 3.81 | 3.81 | 2.74 | 3.19 | 3.22 | 2.12 | 1.98 | 1.72 | 1.65 | 1.41 | 1.41 | 0.34 | 0.48 | -1.93 | 1.14 | 1.73 | 1.64 | 1.63 | 1.58 | 1.50 | 1.69 | 1.61 | 1.51 | 1.36 | 1.28 | 1.19 | 1.15 | 1.12 | 1.04 | 0.98 | 0.88 | 0.80 | 0.72 | 0.68 | 0.61 | 0.54 |
| Weighted Avg Shares Out | 59.30M | 57.69M | 53.78M | 54.06M | 51.41M | 49.27M | 45.10M | 40.73M | 37.79M | 36.24M | 29.68M | 28.58M | 26.51M | 24.42M | 21.08M | 18.07M | 18.29M | 18.41M | 18.44M | 18.50M | 18.26M | 16.33M | 13.68M | 13.12M | 13.91M | 13.81M | 13.68M | 11.43M | 8.78M | 8.82M | 8.77M | 8.86M | 8.47M | 8.28M | 8.36M | 7.18M | 7.17M |
| Weighted Avg Shares Out (Dil) | 59.49M | 57.95M | 53.98M | 54.22M | 51.56M | 49.47M | 45.40M | 41.01M | 38.09M | 36.56M | 30.01M | 28.85M | 26.69M | 24.64M | 21.12M | 18.16M | 18.29M | 18.41M | 18.55M | 18.61M | 18.38M | 16.51M | 13.76M | 13.19M | 13.99M | 14.00M | 13.89M | 11.43M | 8.78M | 8.82M | 8.85M | 8.86M | 8.47M | 8.28M | 8.36M | 7.18M | 7.17M |
First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., Nov. 13, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 12, 2024 of $0.35 per share. The dividend is payable on December 20, 2024, to shareholders of record as of December 6, 2024....
First Merchants Corporation (FRME) Q3 2024 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q3 2024 Earnings Conference Call October 24, 2024 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer...
First Merchants (FRME) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for First Merchants (FRME) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
First Merchants (FRME) Tops Q3 Earnings Estimates
First Merchants (FRME) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.94 per share a year ago.
First Merchants Corporation Announces Third Quarter 2024 Earnings per Share
MUNCIE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Third Quarter 2024 Highlights: Net income available to common stockholders was $48.7 million and diluted earnings per common share totaled $0.84, compared to $55.9 million and...
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th...
First Merchants Corporation to Report Third Quarter 2024 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Oct. 03, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2024 financial results on October 24, 2024. The Corporation will host a third quarter 2024 earnings conference call and webcast at 11:30 a.m. (ET)...
All You Need to Know About First Merchants (FRME) Rating Upgrade to Buy
First Merchants (FRME) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
First Merchants Corporation: Decent Return Potential With Earnings Likely To Recover Next Year
The regional economy appears to be conducive to loan growth. Interest rate cuts will most probably hurt the net interest margin. I'm expecting earnings to recover next year after falling in 2024.
First Merchants Earns New Award: TIME Magazine's “America's Best Mid-Sized Company”
MUNCIE, Ind., Sept. 17, 2024 (GLOBE NEWSWIRE) -- 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.
Source: https://incomestatements.info
Category: Stock Reports