First Merchants Annual Income Statement (NASDAQ:FRME)

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$40.19 $0.16 (0.4%) FRME stock closing price Jul 19, 2017 (Closing)

FRME stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the First Merchants stock price. The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the FRME income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $24.79M when compared to the same period in the past. One also needs to look at First Merchants assets, operating expenses and First Merchants free cash flow. The profit and loss statement shows revenue of $318.51M for 2016. Revenue has grown by $24.79M YoY for FRME stock. First Merchants revenue for 2016 is $318.51M. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
First Merchants Net Sales or Revenues
318.51M293.72M274.54M225.64M240.25M230.36M248.12M281.64M255.84M271.28M
Cost Of Goods Sold (COGS)15.91M14.85M11.67M10.05M14.8M22.28M39.87M58.39M67.58M89.92M
First Merchants Gross Profit
302.6M278.87M262.86M215.59M225.45M208.08M208.24M223.24M188.25M181.36M
Research & Development Expense----------
Selling General & Admin Expense179.1M175.05M168.7M148.21M153.72M155.02M184.07M268.62M133.81M105.75M
Income Before Depreciation Depletion Amortization123.49M103.82M94.16M67.37M71.72M53.06M24.17M-45.37M54.44M75.6M
Depreciation Depletion Amortization3.91M2.83M2.44M1.64M1.92M3.54M4.72M5.1M3.21M4.93M
Non Operating Income----------
Interest Expense10.92M9.93M10.16M6.51M8.81M15.6M16.13M18.7M22.5M27.69M
First Merchants Pretax Income
108.66M91.04M81.55M59.2M60.98M33.9M3.31M-69.18M28.72M42.98M
Provision for Income Taxes27.6M25.66M21.39M14.67M15.86M8.65M-3.59M-28.42M8.08M11.34M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations81.05M65.38M60.16M44.53M45.12M25.25M6.9M-40.76M20.63M31.63M
Extraordinary Items & Discontinued Operations----------
First Merchants Net Income (Profit/Loss)
81.05M65.38M60.16M44.53M45.12M25.25M6.9M-40.76M20.63M31.63M
Average Shares used to compute Diluted EPS41.01M38.09M36.56M29.89M28.85M26.69M24.64M21.12M18.16M18.31M
Average Shares used to compute Basic EPS40.96M38.09M36.24M29.68M28.85M26.69M24.64M21.12M18.16M18.31M
Income Before Nonrecurring Items81.05M65.38M60.16M48.12M45.12M25.25M-3.75M-40.76M20.64M32.74M
Income from Nonrecurring Items----3.59M--10.05M---1.1M
First Merchants Earnings Per Share Basic Net
1.981.731.661.421.420.340.48-2.171.141.73
First Merchants Earnings Per Share Diluted Net
1.981.721.651.411.410.340.48-2.171.141.73
EPS Diluted Before Nonrecurring Items1.981.721.651.531.410.340.07-2.171.141.79
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.540.410.290.180.100.040.040.470.920.92
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 First Merchants 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 FRME stock has a topline or revenue of $318.51M for 2016 as per this First Merchants 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 $318.51M - other expenses = $81.05M for FRME 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 First Merchants historical stock prices to check how the price has moved with time. .

First Merchants Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
19.0470
PS ratio (
price sales ratio
)
5.1046
Operating margin
40.3
Net profit margin
27.9
Dividend yield
1.44%