- US-listed companies
- FIRST MERCHANTS CORP
FIRST MERCHANTS CORPFRME
Market cap
$2.2B
P/E ratio
Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | |
Taxable | 150 | 147 | 143 | 172 | 181 | 210 | 264 | 343 | 383 | 358 | 338 | 470 | 748 |
Tax-exempt | 1 | 0 | 0 | 0 | 3 | 7 | 11 | 15 | 18 | 21 | 22 | 25 | 32 |
Taxable | 19 | 17 | 15 | 20 | 18 | 16 | 17 | 22 | 28 | 24 | 30 | 38 | 35 |
Tax-exempt | 10 | 10 | 11 | 14 | 17 | 19 | 21 | 26 | 32 | 42 | 55 | 67 | 58 |
Deposits with financial institutions | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | 1 | 1 | 3 | 18 |
Federal Home Loan Bank stock | - | - | - | - | - | - | - | - | 1 | 1 | 1 | 1 | 3 |
Total Interest Income | 181 | 176 | 171 | 209 | 221 | 253 | 315 | 408 | 465 | 449 | 447 | 605 | 894 |
Deposits | 22 | 15 | 10 | 12 | 15 | 16 | 24 | 52 | 92 | 52 | 23 | 63 | 306 |
Federal funds purchased | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 |
Securities sold under repurchase agreements | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 3 |
Federal Home Loan Bank advances | - | - | - | - | - | - | - | - | 7 | 7 | 6 | 11 | 27 |
Interest Expense, Debt | 10 | 5 | 4 | 7 | 7 | 7 | 8 | 8 | 8 | 7 | 7 | 8 | 10 |
Total Interest Expense | 38 | 24 | 17 | 22 | 25 | 27 | 38 | 69 | 109 | 66 | 36 | 85 | 348 |
NET INTEREST INCOME | 143 | 152 | 154 | 187 | 196 | 226 | 277 | 339 | 357 | 382 | 411 | 520 | 545 |
Provision for credit losses | - | 19 | 7 | 3 | 0 | 6 | 9 | 7 | 3 | 59 | - | 17 | 4 |
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 121 | 134 | 148 | 184 | 196 | 221 | 268 | 332 | 354 | 323 | 411 | 503 | 542 |
Deposit Account | - | - | - | - | - | - | - | 21 | 23 | 21 | 24 | 28 | 31 |
Fiduciary and Trust | - | - | - | - | - | - | - | 15 | 18 | 24 | 28 | 30 | 31 |
Card payment fees | - | - | - | - | - | - | - | - | 20 | 20 | 17 | 20 | 19 |
Derivative hedge fees | - | - | - | - | - | - | - | - | 5 | 7 | 4 | 3 | 3 |
Other customer fees | - | - | - | - | - | - | - | 20 | 2 | 1 | 1 | 2 | 2 |
Other income | 181 | 176 | 171 | 209 | 221 | 253 | 315 | 408 | 465 | 449 | 447 | 605 | 894 |
Gain (Loss) on Sales of Loans, Net | 7 | 11 | 8 | 5 | 6 | 7 | 8 | 7 | 8 | 18 | 20 | 10 | 16 |
Bank Owned Life Insurance Income | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
Gains on life insurance benefits | - | - | - | - | - | - | 3 | 0 | 0 | 0 | 2 | 6 | 3 |
Debt Securities, Available-for-Sale, Realized Gain (Loss) | - | - | - | - | - | - | - | 4 | 4 | 12 | 6 | 1 | -7 |
Other income | 2 | 2 | 4 | 6 | 4 | 4 | 3 | 5 | 2 | 2 | 3 | 2 | 3 |
Total Noninterest Income | 49 | 64 | 55 | 66 | 73 | 65 | 71 | 76 | 87 | 110 | 109 | 108 | 106 |
Labor and Related Expense | 75 | 79 | 85 | 96 | 102 | 103 | 120 | 132 | 144 | 156 | 167 | 207 | 229 |
Net occupancy | 10 | 10 | 10 | 14 | 15 | 17 | 17 | 18 | 20 | 27 | 23 | 26 | 30 |
Equipment | 7 | 7 | 8 | 9 | 11 | 12 | 13 | 14 | 16 | 19 | 19 | 24 | 24 |
Marketing | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 7 | 7 | 6 | 8 | 7 |
Outside data processing fees | 6 | 6 | 6 | 7 | 7 | 9 | 12 | 13 | 16 | 14 | 18 | 22 | 25 |
Printing and office supplies | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
Intangible asset amortization | 4 | 2 | 2 | 2 | 3 | 4 | 6 | 7 | 6 | 6 | 6 | 8 | 9 |
FDIC assessments | 6 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 1 | 6 | 6 | 10 | 15 |
Foreclosed Real Estate Expense | 11 | 8 | 7 | 8 | 6 | 3 | 2 | 1 | 2 | 0 | 1 | 1 | 3 |
Professional and other outside services | - | - | 8 | 8 | 10 | 7 | 13 | 8 | 15 | 9 | 12 | 22 | 16 |
Other expenses | 16 | 18 | 11 | 14 | 16 | 15 | 16 | 17 | 18 | 18 | 19 | 27 | 29 |
Total Noninterest Expenses | 136 | 137 | 143 | 169 | 177 | 177 | 206 | 220 | 247 | 263 | 279 | 356 | 388 |
INCOME BEFORE INCOME TAX | 34 | 61 | 59 | 82 | 91 | 109 | 134 | 188 | 194 | 170 | 241 | 256 | 259 |
Income tax expense | 9 | 16 | 15 | 21 | 26 | 28 | 38 | 29 | 29 | 21 | 35 | 34 | 35 |
NET INCOME | 25 | 45 | 45 | 60 | 65 | 81 | 96 | 159 | 164 | 149 | 206 | 222 | 224 |
Preferred stock dividends | - | - | - | - | - | - | - | - | - | - | - | 1 | 2 |
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS | 9 | 41 | 42 | 60 | 65 | - | 96 | 159 | 164 | 149 | 206 | 221 | 222 |
Earnings Per Share, Basic | 0.34 | 1.42 | 1.42 | 1.66 | 1.73 | 1.99 | 2.13 | 3.23 | 3.2 | 2.75 | 3.82 | 3.83 | 3.74 |
Earnings Per Share, Diluted | 0.34 | 1.41 | 1.41 | 1.65 | 1.72 | 1.98 | 2.12 | 3.22 | 3.19 | 2.74 | 3.81 | 3.81 | 3.73 |