First Merchants Corporation (FRME) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments177 155128102119
Cash and cash equivalents177 155128102119
Disposal group, including discontinued operation     7
Total current assets:177 155128102126
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment113 96949878
Intangible assets, net (including goodwill)579 477259260219
Goodwill544 445244243203
Intangible assets, net (excluding goodwill)35 31151716
Deferred income tax assets12
Total noncurrent assets:725 572353357296
Other undisclosed assets11,555 8,6406,7306,3015,402
TOTAL ASSETS:12,457 9,3677,2126,7615,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt188 137146155125
Total current liabilities:188 137146155125
Noncurrent Liabilities
Other undisclosed liabilities10,483 7,9276,1635,7554,973
Total liabilities:10,671 8,0646,3105,9105,097
Stockholders' equity
Stockholders' equity attributable to parent1,786 1,303902851727
Preferred stock0 0000
Common stock7 6555
Additional paid in capital1,055 835509505431
Accumulated other comprehensive income (loss)28 (3)(14)(1)(2)
Retained earnings697 465401342292
Total stockholders' equity:1,786 1,303902851727
TOTAL LIABILITIES AND EQUITY:12,457 9,3677,2126,7615,824

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues76 98898887
Gain on disposition of assets for financial service operations12 
Net investment income64 40353534
Financial services revenue59545353
Cost of revenue(3) (9)(6)(0)(3)
Provision for loan, lease, and other losses(3) 
Financial services costs(9)(6)(0)(3)
Gross profit:73 89848885
Operating expenses(58) (166)(138)(137)(138)
Other operating income, net
(Noninterest Income, Other Operating Income)
2 3446
Operating income (loss):17 (73)(51)(45)(48)
Nonoperating income5 48147
Investment income, nonoperating   3114
Bank owned life insurance income5 4434
Interest and debt expense(109) (38)(27)(24)(22)
Other undisclosed income from continuing operations before equity method investments, income taxes    146144
Income (loss) from continuing operations before equity method investments, income taxes:(87) (107)(70)9182
Other undisclosed income from continuing operations before income taxes281 241179  
Income from continuing operations before income taxes:194 1341099182
Income tax expense(29) (38)(28)(26)(21)
Net income available to common stockholders, diluted:164 96816560

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:164 96816560
Other comprehensive income (loss)49 11(12)05
Comprehensive income, net of tax, attributable to parent:214 107696665

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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