First Merchants Corporation (FRME) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments585177 155128102
Cash and cash equivalents585177 155128102
Total current assets:585177 155128102
Noncurrent Assets
Operating lease, right-of-use asset1821
Property, plant and equipment111113 969498
Intangible assets, net (including goodwill)573579 477259260
Goodwill544544 445244243
Intangible assets, net (excluding goodwill)2935 311517
Deferred income tax assets1212
Total noncurrent assets:715725 572353357
Other undisclosed assets12,76711,555 8,6406,7306,301
TOTAL ASSETS:14,06712,457 9,3677,2126,761
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt177188 137146155
Total current liabilities:177188 137146155
Noncurrent Liabilities
Other undisclosed liabilities12,01410,483 7,9276,1635,755
Total liabilities:12,19210,671 8,0646,3105,910
Stockholders' equity
Stockholders' equity attributable to parent1,8761,786 1,303902851
Preferred stock00 000
Common stock77 655
Additional paid in capital1,0051,055 835509505
Accumulated other comprehensive income (loss)7528 (3)(14)(1)
Retained earnings789697 465401342
Total stockholders' equity:1,8761,786 1,303902851
TOTAL LIABILITIES AND EQUITY:14,06712,457 9,3677,2126,761

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9876 988988
Gain on disposition of assets for financial service operations3012 
Net investment income6864 403535
Financial services revenue595453
Cost of revenue(59)(3) (9)(6)(0)
Provision for loan, lease, and other losses(59)(3) 
Financial services costs(9)(6)(0)
Gross profit:3973 898488
Operating expenses(57)(58) (166)(138)(137)
Other operating income, net
(Noninterest Income, Other Operating Income)
22 344
Operating income (loss):(16)17 (73)(51)(45)
Nonoperating income55 4814
Investment income, nonoperating    311
Bank owned life insurance income55 443
Interest and debt expense(66)(109) (38)(27)(24)
Other undisclosed income from continuing operations before equity method investments, income taxes     146
Income (loss) from continuing operations before equity method investments, income taxes:(77)(87) (107)(70)91
Other undisclosed income from continuing operations before income taxes247281 241179 
Income from continuing operations before income taxes:170194 13410991
Income tax expense(21)(29) (38)(28)(26)
Net income available to common stockholders, diluted:149164 968165

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:149164 968165
Other comprehensive income (loss)4749 11(12)0
Comprehensive income, net of tax, attributable to parent:196214 1076966

Statements sources

The financial statements are based on the company's filings with the 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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