See more : HB Stockholdings Limited (HBSTOCK.BO) 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: Robust Results Make The 7.7% Yielding Preferred Shares Attractive
First Merchants' financial performance in the second quarter showed improvement in net interest income and decreased non-interest expenses. The bank's ability to cover preferred dividends is strong, with less than 1% of net profit needed to cover the payments. The...
First Merchants Corporation Announces Cash Dividend
MUNCIE, Ind., Aug. 09, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 9, 2023 of $0.34 per share. The dividend is payable on September 15, 2023, to shareholders of record as of September 1, 2023....
First Merchants Corporation (FRME) Q2 2023 Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q2 2023 Earnings Conference Call July 25, 2023 11:30 AM ET Company Participants Mark Hardwick - Chief Executive Officer Mike Stewart - President Michele Kawiecki - Chief Financial Officer John Martin - Chief Credit Officer...
Compared to Estimates, First Merchants (FRME) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
First Merchants (FRME) Lags Q2 Earnings and Revenue Estimates
First Merchants (FRME) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.01 per share a year ago.
First Merchants Corporation Announces Second Quarter 2023 Earnings Per Share
First Merchants Corporation (NASDAQ - FRME) Second Quarter 2023 Highlights: Net income available to common stockholders was $60.4 million and diluted earnings per common share totaled $1.02, compared to $38.5 million and $.63 in the second quarter of 2022, and...
First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
MUNCIE, Ind., July 20, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) 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...
First Merchants (FRME) Reports Next Week: Wall Street Expects Earnings Growth
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: A Stable Bank In An Unstable Market
First Merchants Corporation's valuation has become highly attractive since the sell-off in regional banks started after SVB's collapse. The bank has solid fundamentals supported by its strong franchise, growing loan book, increasing loan yields, and stable risk profile.
First Merchants (FRME) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for First Merchants (FRME) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Source: https://incomestatements.info
Category: Stock Reports