FirstMerit Annual Income Statement (NASDAQ:FMER)

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

Stock analysis based on fundamentals means looking at financial statements in addition to the FirstMerit stock price. In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FMER stock is bound to reflect the impact of the YoY decline of $45.51M. Along with FirstMerit assets and FirstMerit free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have decreased from $237.95M YoY and 2015 revenue is $1.07B. 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 2006
FirstMerit Net Sales or Revenues
1.07B1.11B1.04B734.28M763.01M754.92M669.82M755.26M833.91M798.98M
Cost Of Goods Sold (COGS)36.26M35.9M36.59M33.27M48.99M65.37M78.68M138.2M207.54M183.17M
FirstMerit Gross Profit
1.03B1.08B999.54M701.01M714.02M689.55M591.14M617.05M626.36M615.81M
Research & Development Expense----------
Selling General & Admin Expense673.39M705.46M712.62M506.44M536.56M528.16M450.9M388.66M360.17M403.31M
Income Before Depreciation Depletion Amortization358.85M372.65M286.92M194.56M177.46M161.38M140.24M228.39M266.19M212.5M
Depreciation Depletion Amortization10.39M11.73M8.39M1.86M2.17M2.91M0.34M0.57M0.88M0.88M
Non Operating Income----------
Interest Expense21.96M21.02M18.42M5.58M9.63M18.47M32.08M59.43M91.89M80.29M
FirstMerit Pretax Income
326.5M339.89M260.11M187.12M165.65M140M107.81M168.38M173.4M131.32M
Provision for Income Taxes97.01M101.94M76.42M53.01M46.09M37.09M25.64M48.9M50.38M36.37M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations229.48M237.95M183.68M134.1M119.55M102.9M82.17M119.48M123.02M94.94M
Extraordinary Items & Discontinued Operations----------
FirstMerit Net Income (Profit/Loss)
229.48M237.95M183.68M134.1M119.55M102.9M82.17M119.48M123.02M94.94M
Average Shares used to compute Diluted EPS166.13M166.05M150.42M109.52M109.1M101.17M84.62M81.98M81.61M81.45M
Average Shares used to compute Basic EPS165.67M165.3M149.61M109.52M109.1M101.16M84.62M81.94M81.47M81.22M
Income Before Nonrecurring Items227.65M230.15M225.85M134.11M119.56M102.91M75.8M119.49M123.03M94.95M
Income from Nonrecurring Items---49.05M-------
FirstMerit Earnings Per Share Basic Net
1.341.391.181.221.101.020.901.461.511.16
FirstMerit Earnings Per Share Diluted Net
1.331.391.181.221.101.020.901.461.511.16
EPS Diluted Before Nonrecurring Items1.331.391.471.221.101.020.901.461.511.16
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.660.640.640.640.640.640.771.141.141.12
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:
  • Topline: A growing topline, as seen from the FirstMerit revenue chart, as is not the case with FirstMerit indicates a sagging business. One needs to compare the QoQ or YoY topline growth of FMER stock with its peers like UMBF stock and WTFC stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. FMER stock had a poor bottom line growth.
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. .

FirstMerit Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
16.0910
PS ratio (
price sales ratio
)
3.2934
Operating margin
33.8
Net profit margin
21.9
Dividend yield
3.2%