First Merchants Annual Income Statement (NASDAQ:FRME)

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$28.75 $0.64 (2.28%) FRME stock closing price Oct 26, 2016 (Closing)

Fundamental analysis of FRME stock involves analyzing its financial statements, apart from checking the First Merchants stock price The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FRME stock is bound to reflect the impact of the YoY growth of $19.18M. The First Merchants profit and loss statement for 2015 shows a profit of $65.38M. Profits have grown from $60.16M YoY. Apart from this an investor should also check First Merchants assets and First Merchants free cash flow. First Merchants revenue for 2015 is $293.72M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
First Merchants Net Sales or Revenues
Cost Of Goods Sold (COGS)14.85M11.67M10.05M14.8M22.28M39.87M58.39M67.58M89.92M74.31M
First Merchants Gross Profit
Research & Development Expense----------
Selling General & Admin Expense175.05M168.7M148.21M153.72M155.02M184.07M268.62M133.81M105.75M99.24M
Income Before Depreciation Depletion Amortization103.82M94.16M67.37M71.72M53.06M24.17M-45.37M54.44M75.6M69.65M
Depreciation Depletion Amortization2.83M2.44M1.64M1.92M3.54M4.72M5.1M3.21M4.93M3.06M
Non Operating Income----------
Interest Expense9.93M10.16M6.51M8.81M15.6M16.13M18.7M22.5M27.69M24.19M
First Merchants Pretax Income
Provision for Income Taxes25.66M21.39M14.67M15.86M8.65M-3.59M-28.42M8.08M11.34M12.19M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations65.38M60.16M44.53M45.12M25.25M6.9M-40.76M20.63M31.63M30.19M
Extraordinary Items & Discontinued Operations----------
First Merchants Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS38.09M36.56M29.89M28.85M26.69M24.64M21.12M18.16M18.31M18.41M
Average Shares used to compute Basic EPS38.09M36.24M29.68M28.85M26.69M24.64M21.12M18.16M18.31M18.41M
Income Before Nonrecurring Items65.38M60.16M48.12M45.12M25.25M-3.75M-40.76M20.64M32.74M30.2M
Income from Nonrecurring Items---3.59M--10.05M---1.1M-
First Merchants Earnings Per Share Basic Net
First Merchants Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items1.721.651.531.410.340.07-
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.410.
All figures in USD. M: Millions of USD, B: Billions of USD.

First Merchants stock analysis involves checking at least a few of the important things like:
  • Topline: A growing topline, as seen from the First Merchants revenue chart, as is the case with First Merchants indicates a growing business. One needs to compare the QoQ or YoY topline growth of FRME stock with its peers like FIBK stock and FFBC stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $293.72M - other expenses = $65.38M 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)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield