FirstMerit Income Statement - Quarterly (NASDAQ:FMER)

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

Looking at financial statements, along with the FirstMerit stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from $268.08M to $266.46M and how operating and non operating activities have impacted the FMER stock. 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 increased from $54.14M QoQ and 2016-Q2 revenue is $266.46M. View details of revenue and profits for FirstMerit for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
FirstMerit Net Sales or Revenues
266.46M268.08M265.71M271.49M265.96M265.36M278.06M277.93M282.89M275.15M
Cost Of Goods Sold (COGS)9.77M9.87M9.75M9.14M8.88M8.49M8.74M9.17M9.23M8.76M
FirstMerit Gross Profit
256.68M258.21M255.98M262.33M257.07M256.87M269.33M268.75M273.65M266.38M
Research & Development Expense----------
Selling General & Admin Expense164.4M172.46M166.64M172.41M168.04M166.3M175.41M169.4M179.72M180.93M
Income Before Depreciation Depletion Amortization92.27M85.74M89.34M89.92M89.03M90.56M93.92M99.35M93.93M85.45M
Depreciation Depletion Amortization2.3M2.3M2.62M2.59M2.59M2.59M2.94M2.93M2.93M2.93M
Non Operating Income----------
Interest Expense5.49M5.66M5.6M5.59M5.37M5.4M4.86M5.44M5.51M5.21M
FirstMerit Pretax Income
84.48M77.77M81.14M81.73M81.06M82.57M86.14M90.97M85.48M77.3M
Provision for Income Taxes26.17M23.64M24.39M22.72M24.47M25.43M25.07M27.07M25.96M23.84M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations58.31M54.14M55.76M58.54M56.58M56.73M59.11M61.91M59.52M53.46M
Extraordinary Items & Discontinued Operations----------
FirstMerit Net Income (Profit/Loss)
58.31M54.14M55.76M58.54M56.58M56.73M59.11M61.91M59.52M53.46M
Average Shares used to compute Diluted EPS166.81M166.24M166.22M166.06M166.28M166.41M165.97M165.8M166.15M166M
Average Shares used to compute Basic EPS166.19M165.75M165.76M165.76M165.74M165.26M165.4M165.39M165.34M165.06M
Income Before Nonrecurring Items62.6M57.64M55.76M58.54M56.58M56.73M59.11M61.91M59.52M53.46M
Income from Nonrecurring Items-4.29M-3.5M--------
FirstMerit Earnings Per Share Basic Net
0.340.320.330.340.330.330.360.370.350.31
FirstMerit Earnings Per Share Diluted Net
0.340.310.330.340.330.330.360.370.350.31
EPS Diluted Before Nonrecurring Items0.360.340.330.340.330.330.360.370.350.31
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.170.170.170.170.160.160.160.160.160.16
All figures in USD. M: Millions of USD, B: Billions of USD.
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FirstMerit stock analysis involves checking at least a few of the important things like:
  • 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%