First Merchants
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. First Merchants's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $654,313,000. The net income raised on $223,786,000 and profit margin reached 34%. Total operating expenses were $333,033,000.
Profit Margin
| 2014 | 252.70M | 60.16M | 23.81% |
|---|---|---|---|
| 2015 | 260.67M | 65.38M | 25.08% |
| 2016 | 291.67M | 81.05M | 27.79% |
| 2017 | 348.29M | 96.07M | 27.58% |
| 2018 | 415.31M | 159.13M | 38.32% |
| 2019 | 443.34M | 164.46M | 37.1% |
| 2020 | 492.05M | 148.6M | 30.2% |
| 2021 | 520.00M | 205.53M | 39.52% |
| 2022 | 628.14M | 222.08M | 35.36% |
| 2023 | 654.31M | 223.78M | 34.2% |
FRME Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 654.31M | 628.14M | 520.00M | 492.05M | 443.34M | 415.31M | 348.29M | 291.67M | 260.67M | 252.70M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.25M | 0 |
Gross profit | 654.31M | 628.14M | 520.00M | 492.05M | 443.34M | 415.31M | 348.29M | 291.67M | 259.42M | 252.70M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 7.42M | 7.70M | 5.76M | 6.60M | 6.65M | 4.68M | 3.73M | 3.00M | 3.49M | 3.46M |
Total operating expenses | 333.03M | -287.66M | -279.21M | -322.07M | -249.56M | -158.09M | -174.76M | -152.92M | -140.15M | -145.74M |
Operating income | 259.23M | 340.47M | 240.79M | 169.97M | 193.78M | 257.22M | 173.52M | 138.75M | 119.27M | 106.95M |
Other income (expenses), net | 0 | -84.80M | 240.79M | 0 | 193.78M | -69.08M | -25.65M | -30.09M | -18.11M | -23.76M |
Income before tax | 259.23M | 255.67M | 240.79M | 169.97M | 193.78M | 188.13M | 133.59M | 108.66M | 91.04M | 81.55M |
Income tax expense | 35.44M | 33.58M | 35.25M | 21.37M | 29.32M | 28.99M | 37.52M | 27.60M | 25.66M | 21.39M |
Net income | 223.78M | 222.08M | 205.53M | 148.6M | 164.46M | 159.13M | 96.07M | 81.05M | 65.38M | 60.16M |
Earnings per share | ||||||||||
Basic EPS | 3.74 | 3.83 | 3.82 | 2.75 | 3.2 | 3.23 | 2.13 | 1.99 | 1.73 | 1.66 |
Diluted EPS | 3.73 | 3.81 | 3.81 | 2.74 | 3.19 | 3.22 | 2.12 | 1.98 | 1.72 | 1.65 |
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