FRME
Income statement / Annual
Last year (2023), First Merchants Corporation's total revenue was $654.31 M,
an increase of 4.17% from the previous year.
In 2023, First Merchants Corporation's net income was $223.79 M.
See First Merchants Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$654.31 M
|
$628.14 M
|
$520.00 M
|
$492.05 M
|
$443.35 M
|
$415.32 M
|
$348.29 M
|
$291.68 M
|
$260.67 M
|
$252.70 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.25 M |
$0.00 |
| Gross Profit |
$654.31 M |
$628.14 M |
$520.00 M |
$492.05 M |
$443.35 M |
$415.32 M |
$348.29 M |
$291.68 M |
$259.42 M |
$252.70 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$243.42 M
|
$217.13 M
|
$173.24 M
|
$161.74 M
|
$144.75 M
|
$134.62 M
|
$122.38 M
|
$105.59 M
|
$105.56 M
|
$100.24 M
|
| Selling & Marketing
Expenses |
$7.43 M
|
$7.71 M
|
$5.76 M
|
$6.61 M
|
$6.65 M
|
$4.68 M
|
$3.74 M
|
$3.01 M
|
$3.49 M
|
$3.46 M
|
| Selling, General &
Administrative Expenses |
$333.03 M
|
$224.84 M
|
$179.00 M
|
$168.35 M
|
$151.40 M
|
$139.31 M
|
$126.12 M
|
$108.60 M
|
$109.06 M
|
$103.70 M
|
| Other Expenses |
$0.00 |
-$512.50 M |
-$458.21 M |
-$490.43 M |
-$400.97 M |
-$312.04 M |
-$300.88 M |
-$261.52 M |
-$249.21 M |
-$249.45 M |
| Operating Expenses |
$651.00 M |
-$287.67 M |
-$279.21 M |
-$322.08 M |
-$249.56 M |
-$158.09 M |
-$174.77 M |
-$152.93 M |
-$140.15 M |
-$145.75 M |
| Cost And Expenses |
$736.94 M |
-$287.67 M |
-$279.21 M |
-$322.08 M |
-$249.56 M |
-$158.09 M |
-$174.77 M |
-$152.93 M |
$1.25 M |
-$145.75 M |
| Interest Income |
$893.89 M |
$605.01 M |
$446.63 M |
$448.51 M |
$465.41 M |
$407.94 M |
$314.90 M |
$253.31 M |
$221.20 M |
$208.88 M |
| Interest Expense |
$348.49 M |
$84.80 M |
$35.95 M |
$66.38 M |
$108.75 M |
$69.09 M |
$37.61 M |
$26.84 M |
$24.79 M |
$21.84 M |
| Depreciation &
Amortization |
$11.71 M
|
$11.82 M
|
$10.70 M
|
$11.01 M
|
$9.38 M
|
$8.84 M
|
$7.97 M
|
$7.16 M
|
$2.84 M
|
$2.45 M
|
| EBITDA |
$270.94 M
|
$267.49 M
|
$251.49 M
|
$180.98 M
|
$203.17 M
|
$196.98 M
|
$141.56 M
|
$115.82 M
|
$97.31 M
|
$87.56 M
|
| EBITDA Ratio |
0.41 |
0.56 |
0.47 |
0.36 |
0.45 |
0.64 |
0.51 |
0.49 |
0.47 |
0.43 |
| Operating Income Ratio
|
0.4
|
0.54
|
0.46
|
0.35
|
0.44
|
0.62
|
0.5
|
0.48
|
0.46
|
0.42
|
| Total Other
Income/Expenses Net |
$0.00
|
$0.00
|
-$32.28 M
|
$0.00
|
$0.00
|
-$28.08 M
|
-$25.66 M
|
-$25.29 M
|
-$18.12 M
|
-$23.77 M
|
| Income Before Tax |
$259.23 M |
$255.67 M |
$240.79 M |
$169.98 M |
$193.79 M |
$188.14 M |
$133.59 M |
$108.66 M |
$91.05 M |
$81.55 M |
| Income Before Tax Ratio
|
0.4
|
0.41
|
0.46
|
0.35
|
0.44
|
0.45
|
0.38
|
0.37
|
0.35
|
0.32
|
| Income Tax Expense |
$35.45 M |
$33.59 M |
$35.26 M |
$21.38 M |
$29.33 M |
$29.00 M |
$37.52 M |
$27.61 M |
$25.67 M |
$21.39 M |
| Net Income |
$223.79 M |
$222.09 M |
$205.53 M |
$148.60 M |
$164.46 M |
$159.14 M |
$96.07 M |
$81.05 M |
$65.38 M |
$60.16 M |
| Net Income Ratio |
0.34 |
0.35 |
0.4 |
0.3 |
0.37 |
0.38 |
0.28 |
0.28 |
0.25 |
0.24 |
| EPS |
3.74 |
3.83 |
3.82 |
2.75 |
3.2 |
3.23 |
2.13 |
1.99 |
1.73 |
1.66 |
| EPS Diluted |
3.73 |
3.81 |
3.81 |
2.74 |
3.19 |
3.22 |
2.12 |
1.98 |
1.72 |
1.65 |
| Weighted Average Shares
Out |
$59.30 M
|
$57.69 M
|
$53.78 M
|
$54.06 M
|
$51.41 M
|
$49.27 M
|
$45.10 M
|
$40.73 M
|
$37.79 M
|
$36.24 M
|
| Weighted Average Shares
Out Diluted |
$59.49 M
|
$57.95 M
|
$53.98 M
|
$54.22 M
|
$51.56 M
|
$49.47 M
|
$45.40 M
|
$41.01 M
|
$38.09 M
|
$36.56 M
|
| Link |
|
|
|
|
|
|
|
|
|
|
