First Merchants Corporation (FRME)

First Merchants Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	647.5	611.39	520	433.38	440.55
Revenue Growth (YoY)	5.91%	17.57%	19.99%	-1.63%	7.95%
Gross Profit	647.5	611.39	520	433.38	440.55
Selling, General & Admin	333.03	309.67	246.93	233.28	246.76
Other Operating Expenses	55.24	46.05	32.28	30.12	0
Operating Expenses	388.27	355.72	279.21	263.41	246.76
Operating Income	259.23	255.67	240.79	169.98	193.79
Pretax Income	259.23	255.67	240.79	169.98	193.79
Income Tax	35.45	33.59	35.26	21.38	29.33
Net Income	223.79	222.09	205.53	148.6	164.46
Preferred Dividends	1.88	1.41	0	0	0
Net Income Common	221.91	220.68	205.53	148.6	164.46
Net Income Growth	0.56%	7.37%	38.31%	-9.64%	3.34%
Shares Outstanding (Basic)	60	60	54	54	56
Shares Change	0.48%	10.47%	-0.63%	-2.58%	12.16%
EPS (Basic)	3.74	3.83	3.82	2.75	3.20
EPS (Diluted)	3.73	3.81	3.81	2.74	3.19
EPS Growth	-2.10%	0%	39.05%	-14.11%	-0.93%
Free Cash Flow	258.83	284.29	215.34	203.83	176.73
Free Cash Flow Per Share	4.33	4.77	3.99	3.76	3.17
Dividend Per Share	1.340	1.250	1.130	1.040	1.260
Dividend Growth	7.20%	10.62%	8.65%	-17.46%	50.00%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	40.04%	41.82%	46.31%	39.22%	43.99%
Profit Margin	34.27%	36.10%	39.52%	34.29%	37.33%
Free Cash Flow Margin	39.97%	46.50%	41.41%	47.03%	40.12%
Effective Tax Rate	13.67%	13.14%	14.64%	12.58%	15.13%
EBITDA	270.94	267.49	251.49	180.98	203.17
EBITDA Margin	41.84%	43.75%	48.36%	41.76%	46.12%
Depreciation & Amortization	11.71	11.82	10.7	11.01	9.38
EBIT	259.23	255.67	240.79	169.98	193.79
EBIT Margin	40.04%	41.82%	46.31%	39.22%	43.99%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).