FirstMerit Revenue, Profits - FMER Annual Income Statement

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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 or sales, expenses and profitability - shown as Net Income, or lack of it. The income statement for FMER which shows a YOY revenue decline of -4.09% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. Revenue for year 2015 is $1.07B and has decreased from $1.11B year on year as is evident when you compare the latest figures in the latest FirstMerit profit and loss statement with those of the prior corresponding period. Also see FirstMerit assets and FirstMerit free cash flow for a complete valuation of FMER stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec20152014201320122011201020092008
FirstMerit Revenues or Net Sales
1.07B1.11B1.04B734.28M763.01M754.92M669.82M755.26M
Cost Of Goods Sold (COGS)36.26M35.9M36.59M33.27M48.99M65.37M78.68M138.2M
FirstMerit Gross Profit
1.03B1.08B999.54M701.01M714.02M689.55M591.14M617.05M
Research & Development Expense--------
Selling General & Admin Expense673.39M705.46M712.62M506.44M536.56M528.16M450.9M388.66M
Income Before Depreciation Depletion Amortization358.85M372.65M286.92M194.56M177.46M161.38M140.24M228.39M
Depreciation Depletion Amortization10.39M11.73M8.39M1.86M2.17M2.91M--
Non Operating Income--------
Interest Expense21.96M21.02M18.42M5.58M9.63M18.47M32.08M59.43M
FirstMerit Pretax Income
326.5M339.89M260.11M187.12M165.65M140M107.81M168.38M
Provision for Income Taxes97.01M101.94M76.42M53.01M46.09M37.09M25.64M48.9M
MinorityInterest--------
Investment Gains Losses--------
Other Income--------
Income Before Extraordinaries & Disc Operations229.48M237.95M183.68M134.1M119.55M102.9M82.17M119.48M
Extraordinary Items & Discontinued Operations--------
FirstMerit Profit/ Loss (Net Income)
229.48M237.95M183.68M134.1M119.55M102.9M82.17M119.48M
Average Shares used to compute Diluted EPS166.13M166.05M150.42M109.52M109.1M101.17M84.62M81.98M
Average Shares used to compute Basic EPS165.67M165.3M149.61M109.52M109.1M101.16M84.62M81.94M
Income Before Nonrecurring Items227.65M230.15M225.85M134.11M119.56M102.91M75.8M119.49M
Income from Nonrecurring Items---49.05M-----
FirstMerit Earnings Per Share Basic Net
1.341.391.181.221.101.020.901.46
FirstMerit Earnings Per Share Diluted Net
1.331.391.181.221.101.020.901.46
EPS Diluted Before Nonrecurring Items1.331.391.471.221.101.020.901.46
Preferred Dividends Acc Pd--------
Dividends Common--------
Dividend Per Share Common0.660.640.640.640.640.640.771.14
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 isn't the case with FirstMerit indicates a sagging business. One needs to compare the YoY topline or sales growth of FMER stock with its peers like CHFC stock and UMBF stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: Most businesses like FirstMerit try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called the profit and loss statement. Apart from the FMER income statement, one can check the FirstMerit historical stock prices to check how the price has moved with time.