First Merchants Corporation (FRME)
NASDAQ: FRME · Real-Time Price · USD
43.42
-0.68 (-1.54%)
Feb 21, 2025, 4:00 PM EST - Market closed
First Merchants Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2019 - 2015 |
| Interest Income on Loans | 837.91 | 779.79 | 495.59 | 360.12 | 379.75 | Upgrade
|
| Interest Income on Investments | 110.09 | 114.1 | 109.41 | 86.51 | 68.76 | Upgrade
|
| Total Interest Income | 948.01 | 893.89 | 605.01 | 446.63 | 448.51 | Upgrade
|
| Interest Paid on Deposits | 386.13 | 306.09 | 62.94 | 23.32 | 51.74 | Upgrade
|
| Interest Paid on Borrowings | 40.77 | 42.39 | 21.86 | 12.63 | 14.64 | Upgrade
|
| Total Interest Expense | 426.89 | 348.49 | 84.8 | 35.95 | 66.38 | Upgrade
|
| Net Interest Income | 521.11 | 545.4 | 520.2 | 410.68 | 382.13 | Upgrade
|
| Net Interest Income Growth (YoY) | -4.45% | 4.84% | 26.67% | 7.47% | 7.14% | Upgrade
|
| Trust Income | 34.22 | 30.84 | 29.69 | 28.36 | 23.75 | Upgrade
|
| Gain (Loss) on Sale of Assets | 19.98 | - | - | - | - | Upgrade
|
| Gain (Loss) on Sale of Investments | -20.76 | -6.93 | 1.19 | 5.67 | 11.9 | Upgrade
|
| Other Non-Interest Income | 38.69 | 35.2 | 38.63 | 32.03 | 35.01 | Upgrade
|
| Total Non-Interest Income | 125.58 | 105.6 | 107.94 | 109.32 | 109.93 | Upgrade
|
| Non-Interest Income Growth (YoY) | 18.92% | -2.17% | -1.26% | -0.55% | 26.81% | Upgrade
|
| Revenues Before Loan Losses | 646.69 | 651 | 628.14 | 520 | 492.05 | Upgrade
|
| Provision for Loan Losses | 35.7 | 3.5 | 16.76 | - | 58.67 | Upgrade
|
| Revenue | 610.99 | 647.5 | 611.39 | 520 | 433.38 | Upgrade
|
| Revenue Growth (YoY) | -5.64% | 5.91% | 17.57% | 19.99% | -1.63% | Upgrade
|
| Salaries and Employee Benefits | 221.17 | 223.59 | 196.24 | 162.23 | 151.34 | Upgrade
|
| Occupancy Expenses | 28.39 | 29.86 | 26.21 | 23.33 | 26.76 | Upgrade
|
| Federal Deposit Insurance | 15.03 | 14.67 | 10.24 | 6.24 | 5.8 | Upgrade
|
| Amortization of Goodwill & Intangibles | 7.27 | 8.74 | 8.28 | 5.75 | 5.99 | Upgrade
|
| Selling, General & Administrative | 77.38 | 79.59 | 74.12 | 61.37 | 55.19 | Upgrade
|
| Other Non-Interest Expense | 27.96 | 28.5 | 26.71 | 19.3 | 18 | Upgrade
|
| Total Non-Interest Expense | 379.27 | 388.27 | 342.62 | 279.21 | 263.41 | Upgrade
|
| EBT Excluding Unusual Items | 231.73 | 259.23 | 268.77 | 240.79 | 169.98 | Upgrade
|
| Pretax Income | 231.73 | 259.23 | 255.67 | 240.79 | 169.98 | Upgrade
|
| Income Tax Expense | 30.33 | 35.45 | 33.59 | 35.26 | 21.38 | Upgrade
|
| Net Income | 201.4 | 223.79 | 222.09 | 205.53 | 148.6 | Upgrade
|
| Preferred Dividends & Other Adjustments | 1.88 | 1.88 | 1.41 | - | - | Upgrade
|
| Net Income to Common | 199.53 | 221.91 | 220.68 | 205.53 | 148.6 | Upgrade
|
| Net Income Growth | -10.00% | 0.76% | 8.06% | 38.31% | -9.64% | Upgrade
|
| Basic Shares Outstanding | 58 | 59 | 58 | 54 | 54 | Upgrade
|
| Diluted Shares Outstanding | 59 | 59 | 58 | 54 | 54 | Upgrade
|
| Shares Change (YoY) | -1.61% | 2.65% | 7.35% | -0.44% | 5.16% | Upgrade
|
| EPS (Basic) | 3.42 | 3.74 | 3.83 | 3.82 | 2.75 | Upgrade
|
| EPS (Diluted) | 3.41 | 3.73 | 3.81 | 3.81 | 2.74 | Upgrade
|
| EPS Growth | -8.58% | -2.10% | 0% | 39.05% | -14.11% | Upgrade
|
| Dividend Per Share | 1.390 | 1.340 | 1.250 | 1.130 | 1.040 | Upgrade
|
| Dividend Growth | 3.73% | 7.20% | 10.62% | 8.65% | 4.00% | Upgrade
|
| Effective Tax Rate | 13.09% | 13.67% | 13.14% | 14.64% | 12.58% | Upgrade
|
Source: S&P Capital IQ. Banks template. Financial Sources.