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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 (FRME) CEO Mark Hardwick on Q3 2021 Results - Earnings Call Transcript
First Merchants Corporation (FRME) CEO Mark Hardwick on Q3 2021 Results - Earnings Call Transcript
First Merchants (FRME) Tops Q3 Earnings and Revenue Estimates
First Merchants (FRME) delivered earnings and revenue surprises of 6.52% and 0.87%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
First Merchants Corporation to Report Third Quarter 2021 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Oct. 06, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2021 financial results on October 26, 2021. The Corporation will host a third quarter 2021 earnings conference call and webcast at 2:30 p.m. (ET)...
A Trio of Low Forward Price-Earnings Ratio Stock Picks
Investors may want to consider the following securities, as their forward price-earnings ratios are lower than the S&P 500's historical average price-earnings ratio of 15. The projections of future earnings are based on data from Morningstar analysts.
First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., Aug. 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on August 10, 2021 of $0.29 per share. The dividend is payable on September 17, 2021, to shareholders of record as of September 3,...
First Merchants Corporation (FRME) CEO Mark Hardwick on Q2 2021 Results - Earnings Call Transcript
First Merchants Corporation (FRME) CEO Mark Hardwick on Q2 2021 Results - Earnings Call Transcript
First Merchants (FRME) Tops Q2 Earnings and Revenue Estimates
First Merchants (FRME) delivered earnings and revenue surprises of 9.57% and 3.04%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Recap: First Merchants Q2 Earnings
Shares of First Merchants (NASDAQ:FRME) moved higher by 0.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 66.13% year over year to $1.03, which beat the estimate of $0.92.
Earnings Preview: First Merchants
First Merchants (NASDAQ:FRME) announces its next round of earnings this Monday, July 26. Here is Benzinga's everything-that-matters guide for this Monday's Q2 earnings announcement.
First Merchants (FRME) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
First Merchants (FRME) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: https://incomestatements.info
Category: Stock Reports