First Merchants Corporation (FRME) Income Annual - Discounting Cash Flows
FRME
First Merchants Corporation
FRME (NASDAQ)
Period Ending: LTM
(Last Twelve Months)
2025
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
12-31
2014
12-31
2013
12-31
2012
12-31
2011
12-31
2010
12-31
2009
12-31
2008
12-31
2007
12-31
2006
12-31
2005
12-31
2004
12-31
2003
12-31
2002
12-31
2001
12-31
2000
12-31
1999
12-31
1998
12-31
1997
12-31
1996
12-31
1995
12-31
1994
12-31
1993
12-31
1992
12-31
1991
12-31
1990
12-31
1989
12-31
1988
12-31
1987
12-31
Report Filing 2026-02-25 2026-02-25 2025-02-24 2024-02-29 2023-03-01 2022-03-01 2021-03-01 2020-02-28 2019-02-27 2018-03-01 2017-03-01 2016-02-29 2015-02-27 2014-03-14 2013-03-15 2012-03-15 2011-03-16 2010-03-16 2009-03-16 2008-03-17 2007-03-16 2006-03-16 2005-03-16 2004-03-15 2003-03-28 2002-04-01 2001-04-02 2000-03-24 1999-03-31 1998-03-27 1997-03-24 1996-03-22 1995-03-24 1994-03-22 1992-12-31 1991-12-31 1990-12-31 1989-12-31 1988-12-31 1987-12-31
Revenue 1,051 1,050 1,054 999.5 712.9 556 558.4 552.1 484.4 385.9 318.5 281.6 270.7 226.8 240.3 230.4 248.1 288.4 258.5 271.3 243.2 211.9 191.5 191.4 173.8 139 133.2 115.1 107.1 98.3 77.8 56.9 49.4 48.6 51.5 53.8 52 50.3 0 0
Cost of Revenue 410 410 462.6 352 101.6 35.95 125.1 111.5 76.31 46.76 32.5 25.21 24.4 23.22 42.15 60.52 102.5 199.3 118.3 126.1 104.8 74.43 57.29 61.87 60.93 59.65 63.17 49.1 46.9 43.1 33.7 22.7 16.9 17.5 22.1 28 29.5 28.7 0 0
Gross Profit 640.9 640.2 591 647.5 611.4 520 433.4 440.5 408.1 339.1 286 256.3 246.3 203.6 198.1 169.8 145.6 89.1 140.2 145.2 138.4 137.5 134.2 129.6 112.8 79.33 69.99 65.97 60.2 55.2 44.1 34.2 32.5 31.1 29.4 25.8 22.5 21.6 0 0
Operating Expenses 381.8 381.1 359.3 388.3 355.7 279.2 263.4 246.8 220 205.6 177.4 165.3 164 143.2 137.1 135.9 142.3 158.3 111.5 102.2 96.06 93.96 91.64 91.28 71.01 45.2 40.08 36.77 32.7 30 24 18.9 18.4 18.2 17.6 15.8 13.5 13.7 -4.4 -3.9
Research & Development 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Selling, General and Administrative 256.2 282.1 243.6 250.8 224.8 179 168.3 151.4 139.3 126.1 108.6 109.1 103.7 90.51 85.06 82.27 83.34 96.46 71.47 61.05 58.06 56.07 54.19 52.28 40.65 25.78 22.43 20.7 19.2 17.5 13.4 11.2 10.6 9.6 8.8 7.7 6.7 6.5 0 0
Other Operating Expenses 125.6 98.96 115.7 137.4 130.9 100.2 95.06 95.36 80.65 79.44 68.76 56.23 60.31 52.71 52.05 53.67 58.97 61.83 40 41.13 38 37.89 37.45 39 30.36 19.41 17.66 16.07 13.5 12.5 10.6 7.7 7.8 8.6 8.8 8.1 6.8 7.2 -4.4 -3.9
Operating Income 259.1 259.1 231.7 259.2 255.7 240.8 170 193.8 188.1 133.6 108.7 91.05 82.28 60.41 60.99 33.91 3.32 -69.19 28.72 42.98 42.39 43.53 42.6 38.29 41.82 34.13 29.91 29.2 27.5 25.2 20.1 15.3 14.1 12.9 11.8 10 9 7.9 4.4 3.9
Net Non-Operating Interest 536 536 521.1 545.4 520.2 410.7 382.1 356.7 338.9 277.3 226.5 196.4 187 154.3 152.3 143.4 143.6 153.3 129.4 113.1 110.1 111.1 105.4 103.1 92.92 64.36 55.98 53.6 49.7 46.8 37.1 27.9 27 25.5 25.2 22 19.1 18.3 0 0
Interest Income 924.8 924.8 948 893.9 605 446.6 448.5 465.4 407.9 314.9 253.3 221.2 208.9 170.8 175.9 181.2 199.6 230.4 219.5 230.7 208.6 177.2 157 155.5 146.7 120.4 116.5 100.5 94.2 88.2 69.5 50 43.1 42 45.9 48.6 47.3 45.8 0 0
Interest Expense 388.8 388.8 426.9 348.5 84.8 35.95 66.38 108.7 69.09 37.61 26.84 24.79 21.84 16.57 23.61 37.89 56.01 77.09 90.09 117.6 98.51 66.08 51.59 52.39 53.76 56.07 60.55 46.9 44.5 41.4 32.4 22.1 16.1 16.5 20.7 26.6 28.2 27.5 0 0
Equity & Other Income/(Expense) -536 -536 -521.1 -545.4 -520.2 -410.7 -382.1 -356.7 -338.9 -277.3 -226.5 -196.4 -187 -154.3 -152.3 -143.4 -143.6 -153.3 -129.4 -113.1 -110.1 -111.1 -105.4 -103.1 -92.92 -64.36 -55.98 -53.6 -49.7 -46.8 -37.1 -27.9 -27 -25.5 -25.2 -22 -19.1 -18.3 -4.4 -3.9
Income Before Tax 259.1 259.1 231.7 259.2 255.7 240.8 170 193.8 188.1 133.6 108.7 91.05 82.28 60.41 60.99 33.91 3.32 -69.19 28.72 42.98 42.39 43.53 42.6 38.29 41.82 34.13 29.91 29.2 27.5 25.2 20.1 15.3 14.1 12.9 11.8 10 9 7.9 0 0
Income Tax Expense 33.11 33.11 30.33 35.45 33.59 35.26 21.38 29.32 29 37.52 27.61 25.66 22.12 15.88 15.87 8.65 -3.59 -28.42 8.08 11.34 12.2 13.3 13.19 10.72 13.98 11.92 9.97 10.1 9.6 8.7 7 5.4 4.9 4.4 4 3.2 3 2.2 -4.4 -3.9
Income Attributable to Non-Controlling Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -0.2 0 0 0 0 0 0
Net Income 226 226 201.4 223.8 222.1 205.5 148.6 164.5 159.1 96.07 81.05 65.38 60.16 44.53 45.12 25.25 6.91 -40.76 20.64 31.64 30.2 30.24 29.41 27.57 27.84 22.21 19.94 19.1 17.9 16.5 13.1 9.9 9.2 8.7 7.8 6.8 6 5.7 4.4 3.9
Depreciation and Amortization 29.42 29.42 26.85 11.71 11.81 10.7 11.01 9.38 8.84 7.97 7.16 6.26 6.01 4.67 4.47 5.16 5.7 5.96 4.61 4.33 5.38 5.07 5.06 4.77 7.29 4.67 4.17 3.1 2.9 2.6 1.9 1.9 2.4 1.8 0.8 0.6 0.6 0.5 0 0
EBITDA 288.5 288.5 258.6 270.9 267.5 251.5 181 203.2 197 141.6 115.8 97.31 88.29 65.08 65.46 39.06 9.02 -63.23 33.33 47.31 47.77 48.6 47.66 43.06 49.11 38.81 34.07 32.3 30.4 27.8 22 17.2 16.5 14.7 12.6 10.6 9.6 8.4 4.4 3.9
Earnings Per Share (EPS) 3.9 3.9 3.42 3.74 3.83 3.82 2.75 3.2 3.23 2.13 1.99 1.73 1.66 1.42 1.42 0.34 0.48 -2.17 1.14 1.73 1.64 1.64 1.59 1.51 1.7 1.62 1.52 1.37 1.3 1.21 1.15 1.12 1.04 0.99 0.88 0.8 0.72 0.68 0.61 0.54
Diluted Earnings Per Share 3.89 3.88 3.41 3.73 3.81 3.81 2.74 3.19 3.22 2.12 1.98 1.72 1.65 1.41 1.41 0.34 0.48 -2.17 1.14 1.73 1.64 1.63 1.58 1.5 1.69 1.61 1.51 1.36 1.28 1.19 1.15 1.12 1.04 0.98 0.88 0.8 0.72 0.68 0.61 0.54
Weighted Average Shares Outstanding 57.44 57.73 58.31 59.3 57.69 53.78 54.06 51.41 49.27 45.1 40.73 37.79 36.24 29.68 28.58 26.51 24.42 21.08 18.07 18.29 18.41 18.44 18.5 18.26 16.33 13.68 13.12 13.91 13.81 13.68 11.43 8.78 8.82 8.77 8.86 8.47 8.28 8.36 7.18 7.17
Diluted Weighted Average Shares Outstanding 57.44 57.73 58.53 59.49 57.95 53.98 54.22 51.56 49.47 45.4 41.01 38.09 36.55 30.01 28.85 26.69 24.64 21.12 18.16 18.29 18.41 18.55 18.61 18.38 16.51 13.76 13.19 13.99 14 13.89 11.43 8.78 8.82 8.85 8.86 8.47 8.28 8.36 7.18 7.17
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