FirstMerit Annual Income Statement (NASDAQ:FMER)

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$21.61 $0 (0%) FMER stock closing price Aug 16, 2016 (Closing)

Financial analysis of FirstMerit involves more than just checking the FirstMerit stock price, by looking at the financial statements of the company in detail. The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. The income statement is generated for a specific period of time. The revenue decrease of $1.07B for 2015 impacts the FMER stock. Investors typically check year over year or quarter over quarter revenue growth. The FirstMerit profit and loss statement for 2015 shows a profit of $229.48M. Profits have reduced from $237.95M YoY. Apart from this an investor should also check FirstMerit assets and FirstMerit free cash flow. FirstMerit revenue for 2015 is $1.07B. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007
FirstMerit Net Sales or Revenues
1.07B1.11B1.04B734.28M763.01M754.92M669.82M755.26M833.91M
Cost Of Goods Sold (COGS)36.26M35.9M36.59M33.27M48.99M65.37M78.68M138.2M207.54M
FirstMerit Gross Profit
1.03B1.08B999.54M701.01M714.02M689.55M591.14M617.05M626.36M
Research & Development Expense---------
Selling General & Admin Expense673.39M705.46M712.62M506.44M536.56M528.16M450.9M388.66M360.17M
Income Before Depreciation Depletion Amortization358.85M372.65M286.92M194.56M177.46M161.38M140.24M228.39M266.19M
Depreciation Depletion Amortization10.39M11.73M8.39M1.86M2.17M2.91M0.34M0.57M0.88M
Non Operating Income---------
Interest Expense21.96M21.02M18.42M5.58M9.63M18.47M32.08M59.43M91.89M
FirstMerit Pretax Income
326.5M339.89M260.11M187.12M165.65M140M107.81M168.38M173.4M
Provision for Income Taxes97.01M101.94M76.42M53.01M46.09M37.09M25.64M48.9M50.38M
Minority Interest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations229.48M237.95M183.68M134.1M119.55M102.9M82.17M119.48M123.02M
Extraordinary Items & Discontinued Operations---------
FirstMerit Net Income (Profit/Loss)
229.48M237.95M183.68M134.1M119.55M102.9M82.17M119.48M123.02M
Average Shares used to compute Diluted EPS166.13M166.05M150.42M109.52M109.1M101.17M84.62M81.98M81.61M
Average Shares used to compute Basic EPS165.67M165.3M149.61M109.52M109.1M101.16M84.62M81.94M81.47M
Income Before Nonrecurring Items227.65M230.15M225.85M134.11M119.56M102.91M75.8M119.49M123.03M
Income from Nonrecurring Items---49.05M------
FirstMerit Earnings Per Share Basic Net
1.341.391.181.221.101.020.901.461.51
FirstMerit Earnings Per Share Diluted Net
1.331.391.181.221.101.020.901.461.51
EPS Diluted Before Nonrecurring Items1.331.391.471.221.101.020.901.461.51
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.660.640.640.640.640.640.771.141.14
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing FirstMerit stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: FirstMerit revenue chart) implies that the company is growing, which has not been the case with FirstMerit. One must stay away from stocks whose revenues are declining.
  • Bottom line: Most businesses like FirstMerit try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called statement of revenue and expense. The financials along with FirstMerit historical stock prices provides a lot of details about the firm. .