First Merchants Annual Income Statement (NASDAQ:FRME)

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$41.7 $0.1 (0.24%) FRME stock closing price Feb 24, 2017 (Closing)

Looking at financial statements, along with the First Merchants 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. The income statement is generated for a specific period of time. The revenue increase of $318.52M for 2016 impacts the FRME stock. Investors typically check year over year or quarter over quarter revenue growth. 2016 revenue is $318.52M and has increased from $293.72M year on year as is evident when you compare the latest figures in the latest First Merchants profit and loss statement with those of the prior corresponding period. (See also:First Merchants assets and First Merchants free cash flow) First Merchants revenue for 2016 is $318.52M. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
First Merchants Net Sales or Revenues
318.52M293.72M274.54M225.64M240.25M230.36M248.12M281.64M255.84M271.28M
Cost Of Goods Sold (COGS)-14.85M11.67M10.05M14.8M22.28M39.87M58.39M67.58M89.92M
First Merchants Gross Profit
-278.87M262.86M215.59M225.45M208.08M208.24M223.24M188.25M181.36M
Research & Development Expense----------
Selling General & Admin Expense-175.05M168.7M148.21M153.72M155.02M184.07M268.62M133.81M105.75M
Income Before Depreciation Depletion Amortization-103.82M94.16M67.37M71.72M53.06M24.17M-45.37M54.44M75.6M
Depreciation Depletion Amortization-2.83M2.44M1.64M1.92M3.54M4.72M5.1M3.21M4.93M
Non Operating Income----------
Interest Expense-9.93M10.16M6.51M8.81M15.6M16.13M18.7M22.5M27.69M
First Merchants Pretax Income
-91.04M81.55M59.2M60.98M33.9M3.31M-69.18M28.72M42.98M
Provision for Income Taxes-25.66M21.39M14.67M15.86M8.65M-3.59M-28.42M8.08M11.34M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations81.05M65.38M60.16M44.53M45.12M25.25M6.9M-40.76M20.63M31.63M
Extraordinary Items & Discontinued Operations----------
First Merchants Net Income (Profit/Loss)
81.05M65.38M60.16M44.53M45.12M25.25M6.9M-40.76M20.63M31.63M
Average Shares used to compute Diluted EPS41.01M38.09M36.56M29.89M28.85M26.69M24.64M21.12M18.16M18.31M
Average Shares used to compute Basic EPS40.96M38.09M36.24M29.68M28.85M26.69M24.64M21.12M18.16M18.31M
Income Before Nonrecurring Items81.05M65.38M60.16M48.12M45.12M25.25M-3.75M-40.76M20.64M32.74M
Income from Nonrecurring Items----3.59M--10.05M---1.1M
First Merchants Earnings Per Share Basic Net
1.981.731.661.421.420.340.48-2.171.141.73
First Merchants Earnings Per Share Diluted Net
1.981.721.651.411.410.340.48-2.171.141.73
EPS Diluted Before Nonrecurring Items1.981.721.651.531.410.340.07-2.171.141.79
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.540.410.290.180.100.040.040.470.920.92
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 First Merchants stock analysis are:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that FRME stock has a topline or revenue of $318.52M for 2016 as per this First Merchants revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $318.52M - other expenses = $81.05M for FRME stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with First Merchants historical stock prices provides a lot of details about the firm. .

First Merchants Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
21.0610
PS ratio (
price sales ratio
)
5.3751
Net profit margin
27.5
Dividend yield
1.29%