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First Merchants Corporation  (FRME)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

First Merchants Income Statement Quarterly

FRME


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Quarterly GAAP In millions $)

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Interest and Dividend Income, Securities 13.82 13.95 14.28 16.07 -1.85
Interest Income, Deposits with Financial Institutions 8.03 5.88 3.16 0.64 0.96
Other Income 215.14 209.30 203.92 189.69 191.87
Total Interest Income 236.99 229.13 221.37 206.40 190.98
Interest Expense, Deposits 96.66 85.55 73.20 50.69 33.52
Interest Expense, Short-term Borrowings 0.83 0.80 0.98 0.85 0.47
Interest Expense, Debt 3.01 2.51 2.41 2.39 2.23
Other Intrest Expenses 6.43 6.90 6.94 8.36 5.82
Total Interest Expense 106.93 95.75 83.53 62.28 42.03
Net Interest Income 130.06 133.38 137.84 144.12 148.96
Provision for loan losses 1.50 2.00 - - -
Total Net Interest Income 128.56 131.38 137.84 144.12 148.96
Service Fees, Investment Banking, Brokerage and Other Transactions - - - - -
Revenue From Contract With Customer Excluding Assessed Tax 7.69 7.98 7.81 7.36 7.10
Profit (Loss) from Real Estate Operations - - - - -
Other Noninterest Income -0.15 1.23 0.82 0.82 -1.78
Gain On F D I C Assisted Transaction - - - - -
Gain On Fdic Modified Whole Bank Transaction - - - - -
Debt Securities Available For Sale Unrealized Gain Loss 4.61 -1.65 -1.39 -1.57 -1.14
Debt Securities Available For Sale Realized Gain Loss -6.93 - - - 1.19
Interest Income Federal Reserve And Federal Home Loan Bank Stock - - - - -
Interest Income Federal Home Loan Bank Stock 0.77 0.72 1.02 0.54 0.54
Gain Loss On Life Insurance Benefits 3.03 - - - 5.96
Gain Loss On Insurance Benefits -1.33 0.55 0.78 0.00 -5.83
Loss/ -Gain on Investment 4.11 5.52 3.63 2.40 2.09
Other Non-Interest Income 9.79 5.93 5.91 8.40 11.08
Interest Expense Federal Home Loan Bank Advances 6.43 6.90 6.82 7.06 4.93
Other Real Estate Owned And Foreclosure Expenses -1.58 0.68 0.92 -0.02 -
Total Noninterest Income 26.44 27.84 26.32 25.00 24.15
Total Revenues 155.01 159.23 164.15 169.12 173.11
Salaries & employee benefits, SGA 2.65 2.37 1.10 1.31 95.40
Depriciation & Amortization 2.18 2.18 2.18 2.20 2.30
Foreclosed Real Estate Expense 3.32 - - - 0.20
Communications, Occupancy and Information Technology 9.09 6.84 6.67 7.26 -2.61
Professional and Contract Services Expense 3.98 3.83 4.66 3.70 3.96
Policyholder Benefits and Claims Incurred, Net - - - - -
Equipment, Postage and Supplies Net - - - - -
Federal Deposit Insurance Corporation Premium Expense 7.56 2.98 2.74 1.40 2.30
Other Noninterest Expense 7.55 6.81 6.35 7.80 5.94
Other loss/ -income 71.78 68.85 68.89 70.06 -22.40
Total Operating Expenses 108.10 93.85 92.59 93.72 89.70
Total Costs & Expenses 215.03 189.60 176.12 156.00 131.73
Income /-loss before income taxes 46.90 65.37 71.56 75.40 83.41
Income taxes expenses/-benefit 4.43 9.01 10.70 11.32 12.65
Income after income taxes 42.48 56.37 60.86 64.08 70.76
Net income/-loss of other equity 0.00 0.00 0.00 0.00 0.00
Income /-loss after income taxes 42.48 56.37 60.86 64.08 70.76
Noncontrolling Interests - - - - -
Discontinued Operations - - - - -
Extraordinary Items - - - - -
Net Income/-loss 42.48 56.37 60.86 64.08 70.76
   Noncontrolling interests - - - - -
   Prefered dividends 0.47 0.47 0.47 0.47 0.47
   Other - - - - -
Income/-loss to shareholder 42.01 55.90 60.39 63.61 70.29


Per Share (GAAP Quarterly, in $) (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Basic EPS (excl. extra items) 0.71 0.95 1.02 1.07 1.20
   Extraordinary items 0.00 0.00 0.00 0.00 -0.01
Basic Net EPS 0.71 0.95 1.02 1.07 1.21
Basic shares outstanding (Mill. of Units) 58.95 59.50 59.45 59.44 58.22
   EPS other shares - - - - -
Diluted Net EPS 0.70 0.94 1.02 1.07 1.08
Diluted average shares (Mill. of Units) 59.49 59.50 59.45 59.44 57.92
Dividend per share 0.334 0.34 0.34 0.32 -



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