FirstMerit Annual Income Statement (NASDAQ:FMER)

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

FMER stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the FirstMerit stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. 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. One also needs to look at FirstMerit assets, operating expenses and FirstMerit free cash flow. The profit and loss statement shows revenue of $1.07B for 2015. Revenue has decreased by $45.51M YoY for FMER stock. 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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It is very helpful to read a report on FirstMerit stock analysis. An investor must check the following items in an income statement:
  • 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 FMER stock has a topline or revenue of $1.07B for 2015 as per this FirstMerit revenue chart. Investors look for stocks with a growing top line.
  • 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 the profit and loss statement. Apart from the income statement, one can check the FirstMerit historical stock prices to check how the price has moved with time. .