FirstMerit Income Statement - Quarterly (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. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the FMER income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a QoQ revenue decline of $1.62M when compared to the same period in the past. The FirstMerit profit and loss statement for 2016-Q2 shows a profit of $58.31M. Profits have grown from $54.14M QoQ. Apart from this an investor should also check FirstMerit assets and FirstMerit free cash flow. View details of revenue and profits for FirstMerit for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
FirstMerit Net Sales or Revenues
266.46M268.08M265.71M271.49M265.96M265.36M278.06M277.93M282.89M
Cost Of Goods Sold (COGS)9.77M9.87M9.75M9.14M8.88M8.49M8.74M9.17M9.23M
FirstMerit Gross Profit
256.68M258.21M255.98M262.33M257.07M256.87M269.33M268.75M273.65M
Research & Development Expense---------
Selling General & Admin Expense164.4M172.46M166.64M172.41M168.04M166.3M175.41M169.4M179.72M
Income Before Depreciation Depletion Amortization92.27M85.74M89.34M89.92M89.03M90.56M93.92M99.35M93.93M
Depreciation Depletion Amortization2.3M2.3M2.62M2.59M2.59M2.59M2.94M2.93M2.93M
Non Operating Income---------
Interest Expense5.49M5.66M5.6M5.59M5.37M5.4M4.86M5.44M5.51M
FirstMerit Pretax Income
84.48M77.77M81.14M81.73M81.06M82.57M86.14M90.97M85.48M
Provision for Income Taxes26.17M23.64M24.39M22.72M24.47M25.43M25.07M27.07M25.96M
Minority Interest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations58.31M54.14M55.76M58.54M56.58M56.73M59.11M61.91M59.52M
Extraordinary Items & Discontinued Operations---------
FirstMerit Net Income (Profit/Loss)
58.31M54.14M55.76M58.54M56.58M56.73M59.11M61.91M59.52M
Average Shares used to compute Diluted EPS166.81M166.24M166.22M166.06M166.28M166.41M165.97M165.8M166.15M
Average Shares used to compute Basic EPS166.19M165.75M165.76M165.76M165.74M165.26M165.4M165.39M165.34M
Income Before Nonrecurring Items62.6M57.64M55.76M58.54M56.58M56.73M59.11M61.91M59.52M
Income from Nonrecurring Items-4.29M-3.5M-------
FirstMerit Earnings Per Share Basic Net
0.340.320.330.340.330.330.360.370.35
FirstMerit Earnings Per Share Diluted Net
0.340.310.330.340.330.330.360.370.35
EPS Diluted Before Nonrecurring Items0.360.340.330.340.330.330.360.370.35
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.170.170.170.170.160.160.160.160.16
All figures in USD. M: Millions of USD, B: Billions of USD.
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FirstMerit stock analysis involves checking at least a few of the important things like:
  • 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 $266.46M for 2016-Q2 as per this FirstMerit 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 $266.46M - other expenses = $58.31M for FMER stock. An improving bottomline implies that the company is growing profits.
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. .