First Merchants Corporation (FRME) Financial Statements (2023 and Earlier)

Company Profile

Business Address 200 E JACKSON ST
MUNCIE, IN 47308-0792
State of Incorp. IN
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments641585177 155128
Cash and cash equivalents641585177 155128
Total current assets:641585177 155128
Noncurrent Assets
Operating lease, right-of-use asset181821
Property, plant and equipment106111113 9694
Intangible assets, net (including goodwill)571573579 477259
Goodwill545544544 445244
Intangible assets, net (excluding goodwill)252935 3115
Deferred income tax assets361212
Total noncurrent assets:730715725 572353
Other undisclosed assets14,08212,76711,555 8,6406,730
TOTAL ASSETS:15,45314,06712,457 9,3677,212
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt182177188 137146
Total current liabilities:182177188 137146
Noncurrent Liabilities
Other undisclosed liabilities13,35912,01410,483 7,9276,163
Total liabilities:13,54112,19210,671 8,0646,310
Stockholders' equity
Stockholders' equity attributable to parent1,9131,8761,786 1,303902
Preferred stock000 00
Common stock777 65
Additional paid in capital9861,0051,055 835509
Accumulated other comprehensive income (loss)557528 (3)(14)
Retained earnings865789697 465401
Total stockholders' equity:1,9131,8761,786 1,303902
TOTAL LIABILITIES AND EQUITY:15,45314,06712,457 9,3677,212

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1119876 9889
Gain on disposition of assets for financial service operations253012 
Net investment income866864 4035
Financial services revenue5954
Cost of revenue (59)(3) (9)(6)
Provision for loan, lease, and other losses (59)(3) 
Financial services costs(9)(6)
Gross profit:1113973 8984
Operating expenses(59)(57)(58) (166)(138)
Other operating income, net
(Noninterest Income, Other Operating Income)
322 34
Operating income (loss):55(16)17 (73)(51)
Nonoperating income555 48
Investment income, nonoperating     3
Bank owned life insurance income555 44
Interest and debt expense(36)(66)(109) (38)(27)
Income (loss) from continuing operations before equity method investments, income taxes:24(77)(87) (107)(70)
Other undisclosed income from continuing operations before income taxes217247281 241179
Income from continuing operations before income taxes:241170194 134109
Income tax expense(35)(21)(29) (38)(28)
Net income available to common stockholders, diluted:206149164 9681

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:206149164 9681
Other comprehensive income (loss)(20)4749 11(12)
Comprehensive income, net of tax, attributable to parent:186196214 10769

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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