FirstMerit Revenue, Profits - FMER Annual Income Statement

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

Stock analysis based on fundamentals means looking at financial statements in addition to the FirstMerit stock price. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. Like any other income statement, the FMER income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue decline of -4.09% when compared to the same period in the past. One also needs to look at FirstMerit assets, operating expenses and FirstMerit free cash flow. The FirstMerit profit and loss statement shows revenue of $1.07B for 2015. Revenue has decreased by -4.09% YOY for 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: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $229.48M for FirstMerit for 2015. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

The income statement is also called statement of revenue and expense. The FMER financials along with FirstMerit historical stock prices provide a lot of details about the firm.