First Merchants Past Earnings Performance
Past criteria checks 2/6
First Merchants has been growing earnings at an average annual rate of 9.7%, while the Banks industry saw earnings growing at 14.1% annually. Revenues have been growing at an average rate of 10.9% per year. First Merchants's return on equity is 9.3%, and it has net margins of 32.7%.
Key information
9.7%
Earnings growth rate
6.0%
EPS growth rate
Banks Industry Growth | 10.6% |
Revenue growth rate | 10.9% |
Return on equity | 9.3% |
Net Margin | 32.7% |
Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How First Merchants makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Mar 24 | 630 | 206 | 335 | 0 |
31 Dec 23 | 648 | 222 | 333 | 0 |
30 Sep 23 | 666 | 250 | 322 | 0 |
30 Jun 23 | 676 | 258 | 321 | 0 |
31 Mar 23 | 652 | 236 | 317 | 0 |
31 Dec 22 | 611 | 221 | 297 | 0 |
30 Sep 22 | 565 | 198 | 282 | 0 |
30 Jun 22 | 529 | 188 | 265 | 0 |
31 Mar 22 | 524 | 205 | 251 | 0 |
31 Dec 21 | 520 | 206 | 247 | 0 |
30 Sep 21 | 518 | 203 | 247 | 0 |
30 Jun 21 | 492 | 186 | 241 | 0 |
31 Mar 21 | 454 | 164 | 232 | 0 |
31 Dec 20 | 433 | 149 | 233 | 0 |
30 Sep 20 | 429 | 151 | 226 | 0 |
30 Jun 20 | 433 | 152 | 229 | 0 |
31 Mar 20 | 442 | 160 | 227 | 0 |
31 Dec 19 | 441 | 164 | 218 | 0 |
30 Sep 19 | 425 | 158 | 211 | 0 |
30 Jun 19 | 419 | 163 | 198 | 0 |
31 Mar 19 | 413 | 161 | 194 | 0 |
31 Dec 18 | 408 | 159 | 192 | 0 |
30 Sep 18 | 399 | 142 | 197 | 0 |
30 Jun 18 | 385 | 125 | 196 | 0 |
31 Mar 18 | 363 | 110 | 188 | 0 |
31 Dec 17 | 339 | 96 | 180 | 0 |
30 Sep 17 | 315 | 94 | 161 | 0 |
30 Jun 17 | 297 | 91 | 152 | 0 |
31 Mar 17 | 290 | 87 | 150 | 0 |
31 Dec 16 | 286 | 81 | 152 | 0 |
30 Sep 16 | 278 | 73 | 153 | 0 |
30 Jun 16 | 271 | 69 | 151 | 0 |
31 Mar 16 | 262 | 67 | 152 | 0 |
31 Dec 15 | 256 | 65 | 147 | 0 |
30 Sep 15 | 255 | 66 | 146 | 0 |
30 Jun 15 | 253 | 66 | 144 | 0 |
31 Mar 15 | 252 | 63 | 139 | 0 |
31 Dec 14 | 245 | 60 | 140 | 0 |
30 Sep 14 | 243 | 56 | 134 | 0 |
30 Jun 14 | 226 | 50 | 128 | 0 |
31 Mar 14 | 213 | 45 | 123 | 0 |
31 Dec 13 | 204 | 42 | 121 | 0 |
30 Sep 13 | 195 | 40 | 120 | 0 |
30 Jun 13 | 197 | 40 | 118 | 0 |
Quality Earnings: FM5 has high quality earnings.
Growing Profit Margin: FM5's current net profit margins (32.7%) are lower than last year (36.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FM5's earnings have grown by 9.7% per year over the past 5 years.
Accelerating Growth: FM5's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FM5 had negative earnings growth (-12.7%) over the past year, making it difficult to compare to the Banks industry average (26.5%).
Return on Equity
High ROE: FM5's Return on Equity (9.3%) is considered low.