Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. FirstMerit's annualizedGross Profit for the quarter that ended in Jun. 2016 was $1,005 Mil.
FirstMerit's average Total Assets over the quarter that ended in Jun. 2016 was $26,107 Mil. Therefore, FirstMerit's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2016 was 3.85%.
FirstMerit Gross-Profit-to-Asset % Historical Data
The historical data trend for FirstMerit's Gross-Profit-to-Asset % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of FirstMerit's Gross-Profit-to-Asset %
For the Banks - Regional subindustry, FirstMerit's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FirstMerit's Gross-Profit-to-Asset % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, FirstMerit's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where FirstMerit's Gross-Profit-to-Asset % falls into.
FirstMerit Gross-Profit-to-Asset % Calculation
FirstMerit's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2015 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Jun. 2016) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
FirstMerit Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of FirstMerit's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
Firstmerit Corp was organized in 1981 under the laws of the State of Ohio, It is a bank holding company. It operates through the Bank and its other subsidiaries, providing banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout Ohio, Chicago, Illinois, Michigan, Wisconsin and Western Pennsylvania. The Company manages its operations through the following primary lines of business: Commercial, Retail, Wealth and Other. Banking services are provided by the Company's national banking subsidiary, FirstMerit Bank. The Bank's trust department offers wealth management and trust services. The majority of its customers are comprised of consumers and small and medium sized businesses. The Bank has a small international department to service clients in its markets. The Company competes with other local, regional and national providers of financial services such as other bank holding companies, commercial banks, savings associations, credit unions, consumer and commercial finance companies, equipment leasing companies, mortgage banking companies, investment brokers and other brokerage institutions, money market and mutual funds and insurance companies. The Company is subject to extensive regulation, examination and supervision under by federal and state law.
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