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 |
Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations
Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans CHICAGO, IL / ACCESSWIRE / August 27, 2024 / Old Second Bancorp, Inc. ("Old Second...
Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations
Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank _____________ Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans _____________ CHICAGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Old Second Bancorp, Inc. (“Old Second...
First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., Aug. 19, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024....
Wall Street Analysts Predict a 30.09% Upside in First Merchants (FRME): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 30.1% in First Merchants (FRME). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into...
What Makes First Merchants (FRME) a Strong Momentum Stock: Buy Now?
Does First Merchants (FRME) have what it takes to be a top stock pick for momentum investors? Let's find out.
First Merchants Corporation (FRME) Q2 2024 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q2 2024 Earnings Conference Call July 25, 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) Q2 Earnings Miss Estimates
First Merchants (FRME) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.02 per share a year ago.
First Merchants Corporation Announces Second Quarter 2024 Earnings Per Share
MUNCIE, Ind., July 25, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ - FRME) Second Quarter 2024 Highlights: Net income available to common stockholders was $39.5 million and diluted earnings per common share totaled $.68 in the second quarter of...
Earnings Preview: First Merchants (FRME) Q2 Earnings Expected to Decline
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.
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., July 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...
Source: https://incomestatements.info
Category: Stock Reports