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 |
Best Dividend Stocks to Buy Now According to the Zacks Rank
Invest in stocks like Bank of Princeton (BPRN), Buckle (BKE), Conagra Brands (CAG), First Merchants (FRME) and Ameren (AEE) for a steady stream of income.
First Merchants (FRME) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?
First Merchants Corporation to Report Third Quarter 2022 Financial Results, Host Conference Call and Webcast
MUNCIE, Ind., Oct. 04, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report third quarter 2022 financial results on October 25, 2022. The Corporation will host a third quarter 2022 earnings conference call and webcast at 10:30 a.m. (ET)...
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?
First Merchants (FRME) Upgraded to Buy: What Does It Mean for the Stock?
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.
Why First Merchants (FRME) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?
First Merchants (FRME) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?
First Merchants Corporation (FRME) CEO Mark Hardwick on Q2 2022 Results - Earnings Call Transcript
First Merchants Corporation (NASDAQ:FRME ) Q2 2022 Earnings Conference Call July 26, 2022 10:30 AM ET Company Participants Mark Hardwick - CEO Mike Stewart - President Michele Kawiecki - CFO John Martin - Chief Credit Officer Conference Call Participants Daniel...
First Merchants (FRME) Surpasses Q2 Earnings and Revenue Estimates
First Merchants (FRME) delivered earnings and revenue surprises of 14.77% and 3.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
This is Why First Merchants (FRME) is a Great Dividend Stock
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Merchants (FRME) have what it takes?
Source: https://incomestatements.info
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