FRME
Income statement / Annual
Last year (2024), First Merchants Corporation's total revenue was $1.05 B,
an increase of 5.41% from the previous year.
In 2024, First Merchants Corporation's net income was $201.40 M.
See First Merchants Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$1.05 B |
$999.49 M |
$712.95 M |
$555.96 M |
$558.43 M |
$552.09 M |
$484.40 M |
$385.91 M |
$318.52 M |
$281.55 M |
| Cost of Revenue |
$462.59 M
|
$351.99 M
|
$101.56 M
|
$35.95 M
|
$125.05 M
|
$111.55 M
|
$76.31 M
|
$46.76 M
|
$32.50 M
|
$25.21 M
|
| Gross Profit |
$591.01 M
|
$647.50 M
|
$611.39 M
|
$520.00 M
|
$433.38 M
|
$440.55 M
|
$408.09 M
|
$339.15 M
|
$286.02 M
|
$256.34 M
|
| Gross Profit Ratio |
0.56
|
0.65
|
0.86
|
0.94
|
0.78
|
0.8
|
0.84
|
0.88
|
0.9
|
0.91
|
| 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 |
$236.20 M
|
$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
|
| Selling & Marketing Expenses |
$7.39 M
|
$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
|
| Selling, General & Administrative Expenses |
$243.59 M
|
$250.85 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
|
| Other Expenses |
$115.70 M
|
$137.42 M
|
$130.88 M
|
$100.21 M
|
$95.06 M
|
$95.36 M
|
$80.65 M
|
$79.44 M
|
$68.76 M
|
$56.24 M
|
| Operating Expenses |
$359.28 M
|
$388.27 M
|
$355.72 M
|
$279.21 M
|
$263.41 M
|
$246.76 M
|
$219.95 M
|
$205.56 M
|
$177.36 M
|
$165.29 M
|
| Cost And Expenses |
$821.88 M
|
$740.26 M
|
$457.27 M
|
$315.17 M
|
$388.46 M
|
$358.31 M
|
$296.27 M
|
$252.31 M
|
$209.86 M
|
$190.50 M
|
| Interest Income |
$948.01 M
|
$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
|
| Interest Expense |
$426.89 M
|
$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
|
| Depreciation & Amortization |
$26.85 M
|
$11.71 M
|
$11.82 M
|
$10.70 M
|
$11.01 M
|
$9.38 M
|
$8.84 M
|
$7.97 M
|
$7.16 M
|
$6.26 M
|
| EBITDA |
$258.58 M |
$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 |
| EBITDA Ratio |
0.25
|
0.27
|
0.38
|
0.45
|
0.32
|
0.37
|
0.41
|
0.37
|
0.36
|
0.35
|
| Operating Income Ratio |
0.22
|
0.26
|
0.36
|
0.43
|
0.3
|
0.35
|
0.39
|
0.35
|
0.34
|
0.32
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$231.73 M
|
$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
|
| Income Before Tax Ratio |
0.22
|
0.26
|
0.36
|
0.43
|
0.3
|
0.35
|
0.39
|
0.35
|
0.34
|
0.32
|
| Income Tax Expense |
$30.33 M
|
$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
|
| Net Income |
$201.40 M
|
$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
|
| Net Income Ratio |
0.19
|
0.22
|
0.31
|
0.37
|
0.27
|
0.3
|
0.33
|
0.25
|
0.25
|
0.23
|
| EPS |
3.42 |
3.74 |
3.83 |
3.82 |
2.75 |
3.2 |
3.23 |
2.13 |
1.99 |
1.73 |
| EPS Diluted |
3.41 |
3.73 |
3.81 |
3.81 |
2.74 |
3.19 |
3.22 |
2.12 |
1.98 |
1.72 |
| Weighted Average Shares Out |
$58.31 M
|
$59.31 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
|
| Weighted Average Shares Out Diluted |
$58.53 M
|
$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
|
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