First Merchants Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 122.18M46.48M22.63M18.53M6.65M2.56M0.42M5.66M9.14M7.23M2.80M58.67M16.75M7.30M37.20M
Revenue 204.55M192.11M192.47M216.64M210.28M248.85M266.27M17.76M18.72M20.95M22.95M23.75M28.36M29.69M30.84M34.22M
Interest income
Interest income - Investments 1.38M1.25M1.32M1.41M1.49M5.44M5.85M6.58M6.75M4.12M1.37M1.04M0.60M1.18M3.05M3.53M
Interest Income - Debt Securities 22.32M18.20M19.23M17.03M15.21M19.88M17.89M16.41M17.49M21.60M27.82M24.44M29.95M38.35M35.21M36.09M
Interest Income - Deposits 0.37M0.38M0.28M0.10M0.16M0.12M0.16M0.35M0.74M2.24M4.22M0.94M0.63M2.50M17.72M16.99M
Interest Income - Fed Funds 0.12M0.03M0.00M
Interest Income - Total 230.44M199.58M181.25M175.95M170.83M208.88M221.20M253.31M314.90M407.94M465.40M448.51M446.63M605.01M893.89M948.01M
Interest expenses
Interest Expense - Deposits 58.39M39.88M22.28M14.80M10.05M11.68M14.86M15.91M23.81M51.54M91.58M51.74M23.32M62.94M306.09M386.13M
Interest Expense - Debt 9.23M5.37M4.18M2.62M2.10M2.84M2.84M3.26M5.20M7.83M7.18M6.97M5.67M11.42M27.21M29.89M
Interest Expense - Fed Funds 2.00M1.71M1.51M0.91M0.79M0.53M0.37M0.37M0.56M0.76M1.42M0.60M0.31M1.30M3.45M3.06M
Interest Expenses 77.09M56.01M37.89M23.61M16.57M21.84M24.79M26.84M37.61M69.09M108.75M66.38M35.95M84.80M348.49M426.89M
Interest Income - Net 153.35M143.57M143.35M152.34M154.26M187.04M196.40M226.47M277.28M338.86M356.66M382.13M410.68M520.20M545.40M521.11M
Non-interest income
Interest Income - Total 31.17M97.09M120.72M133.80M147.62M184.48M195.99M220.82M268.14M331.63M353.86M323.45M410.68M503.45M541.90M485.41M
Financial Services Fees 7.92M8.99M10.02M11.23M11.87M15.70M16.96M19.32M20.96M
Service Charges 15.13M13.28M11.97M11.59M12.40M15.75M16.20M17.76M18.72M
Investment Gain (Loss) 3.39M2.63M4.27M4.42M11.89M5.67M1.19M-6.93M-20.76M
Investment Banking Income 6.85M6.81M7.42M10.63M7.51M4.90M6.48M7.05M7.56M7.03M7.89M18.27M19.69M10.05M15.66M20.84M
Income - Trust 7.41M7.69M7.65M7.89M8.59M8.97M9.20M9.82M11.59M
Other Non-Interest Income 10.39M67.57M48.47M27.27M18.13M17.38M8.27M7.43M5.03M7.98M6.62M10.48M11.88M10.23M28.04M54.24M
Non-Interest Income 51.20M48.54M49.12M64.30M56.02M61.82M69.87M65.20M71.01M76.46M86.69M109.93M109.32M107.94M105.60M125.58M
Operating Items
Amortization - Intangibles 9.59M10.38M10.17M10.19M10.83M14.38M16.92M18.62M21.38M25.51M31.66M42.34M55.33M67.38M58.12M53.49M
Depreciation & Amortization - Total 7.59M7.32M6.79M7.20M7.74M9.34M10.79M12.50M13.09M14.33M16.22M19.34M19.40M23.95M24.11M26.80M
Research & Development 6.19M5.09M5.67M5.66M5.59M7.32M7.11M9.15M12.24M13.21M16.48M14.43M18.32M21.68M25.16M27.14M
Wages, Salaries and Other 76.33M73.25M74.73M79.40M85.41M96.50M101.91M102.55M119.81M131.70M144.04M155.94M167.00M206.89M228.75M221.17M
Rent Expense 10.25M9.94M10.12M10.19M10.29M13.83M14.67M17.00M16.98M18.34M19.58M26.76M23.33M26.21M29.86M28.39M
Other Operating Expenses 127.53M119.96M113.36M114.07M119.60M133.53M142.24M138.72M163.25M174.06M194.49M202.87M218.17M283.88M309.13M20.00M
Operating Expenses 151.56M142.31M135.94M137.12M143.22M164.01M174.81M177.36M205.56M219.95M246.76M263.40M279.21M355.71M388.27M379.27M
Operating Income -162.60M-190.57M-203.68M-230.46M-246.27M-256.61M-333.74M-364.86M-352.44M
EBIT 7.91M59.33M71.80M84.60M76.98M104.13M115.84M-162.60M-190.57M-203.68M-230.46M-246.27M-256.61M-333.74M-364.86M-352.44M
Non-operating items
Non Operating Investment Income 8.27M
Other Non Operating Income 1.25M
Net income details
EBT -69.19M3.32M33.91M60.99M60.41M82.28M91.05M108.66M133.59M188.14M193.78M169.97M240.79M255.67M259.23M231.73M
Tax Provisions -28.42M-3.59M8.65M15.87M15.88M22.12M25.66M27.61M37.52M29.00M29.32M21.38M35.26M33.59M35.45M30.33M
Profit After Tax -40.76M6.91M25.25M45.12M44.53M60.16M65.38M81.05M96.07M159.14M164.46M148.60M205.53M222.09M223.79M201.40M
Income from Continuing Operations -40.76M6.91M25.25M45.12M44.53M60.16M65.38M81.05M96.07M159.14M164.46M148.60M205.53M222.09M223.79M201.40M
Consolidated Net Income -40.76M6.91M25.25M45.12M44.53M60.16M65.38M81.05M96.07M159.14M164.46M148.60M205.53M222.09M223.79M201.40M
Income towards Parent Company -40.76M6.91M25.25M45.12M44.53M60.16M65.38M81.05M96.07M159.14M164.46M148.60M205.53M222.09M223.79M201.40M
Preferred Dividend Payments 4.98M5.24M3.98M4.54M2.38M1.41M1.88M1.88M
Net Income towards Common Stockholders -45.74M11.72M9.01M40.58M42.15M60.16M65.38M81.05M96.07M159.14M164.46M148.60M205.53M220.68M221.91M199.53M
Additional items
EPS (Basic) -2.170.480.341.421.421.661.731.992.133.233.202.753.823.833.743.42
EPS (Weighted Average and Diluted) -2.170.480.341.411.411.651.721.982.123.223.192.743.813.813.733.41
Shares Outstanding (Weighted Average) 40.81M49.14M49.66M55.70M54.26M53.92M59.56M59.85M58.67M
Shares Outstanding (Diluted Average) 41.01M45.40M49.47M55.52M54.22M57.95M59.49M58.53M
Tax Rate 41.08%25.53%26.02%26.29%26.89%28.19%25.41%28.09%15.41%15.13%12.58%14.64%13.14%13.67%13.09%