First Merchants Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $348.3M | $291.7M | $266.3M | $248.9M | $210.3M | $216.6M | $192.5M | $192.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $171.2M | $135.5M | $115.8M | $104.1M | $77.0M | $84.6M | $71.8M | $59.3M |
| Operating Margin | 49.2% | 46.5% | 43.5% | 41.8% | 36.6% | 39.1% | 37.3% | 30.9% |
| Interest Expense | $37.6M | $26.8M | $24.8M | $21.8M | $16.6M | $23.6M | $37.9M | $56.0M |
| Pretax Income | $133.6M | $108.7M | $91.0M | $82.3M | $60.4M | $61.0M | $33.9M | $3.3M |
| Income Tax Expense | $37.5M | $27.6M | $25.7M | $22.1M | $15.9M | $15.9M | $8.7M | $-3.6M |
| Net Income | $96.1M | $81.1M | $65.4M | $60.2M | $44.5M | $45.1M | $25.3M | $6.9M |
| Net Margin | 27.6% | 27.8% | 24.6% | 24.2% | 21.2% | 20.8% | 13.1% | 3.6% |
| EPS (Basic) | $2.13 | $1.99 | $1.73 | $1.66 | $1.42 | $1.42 | $0.34 | $0.48 |
| EPS (Diluted) | $2.12 | $1.98 | $1.72 | $1.65 | $1.41 | $1.41 | $0.34 | $0.48 |
| Shares Outstanding (Basic) | 45.2M | 40.8M | 37.8M | 36.3M | 29.7M | 28.6M | 26.6M | 24.5M |
| Shares Outstanding (Diluted) | 45.4M | 41.0M | 38.1M | 36.6M | 30.0M | 28.8M | 26.7M | 24.6M |
| Dividends Per Share | $0.69 | $0.54 | $0.41 | $0.29 | $0.18 | $0.10 | $0.04 | $0.04 |