FRMEP
Income statement / Annual
Last year (2023), First Merchants Corporation's total revenue was $651.00 M,
an increase of 3.64% 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 |
$651.00 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 |
-$3.31 M
|
$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 |
1.01
|
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 |
$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
|
$103.70 M
|
Other Expenses |
$400.16 M
|
-$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 |
$651.00 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 |
0.42
|
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
|
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