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FirstMerit (FirstMerit) Net Margin % : 23.21% (As of Jun. 2016)


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What is FirstMerit Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. FirstMerit's Net Income for the three months ended in Jun. 2016 was $58 Mil. FirstMerit's Revenue for the three months ended in Jun. 2016 was $251 Mil. Therefore, FirstMerit's net margin for the quarter that ended in Jun. 2016 was 23.21%.

The historical rank and industry rank for FirstMerit's Net Margin % or its related term are showing as below:


FMER's Net Margin % is not ranked *
in the Banks industry.
Industry Median: 25.33
* Ranked among companies with meaningful Net Margin % only.

FirstMerit Net Margin % Historical Data

The historical data trend for FirstMerit's Net Margin % 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.

* Premium members only.

FirstMerit Net Margin % Chart

FirstMerit Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.97 19.28 18.72 22.51 22.71

FirstMerit Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.48 22.98 22.67 21.44 23.21

Competitive Comparison of FirstMerit's Net Margin %

For the Banks - Regional subindustry, FirstMerit's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FirstMerit's Net Margin % distribution charts can be found below:

* The bar in red indicates where FirstMerit's Net Margin % falls into.



FirstMerit Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

FirstMerit's Net Margin for the fiscal year that ended in Dec. 2015 is calculated as

Net Margin=Net Income (A: Dec. 2015 )/Revenue (A: Dec. 2015 )
=229.484/1010.293
=22.71 %

FirstMerit's Net Margin for the quarter that ended in Jun. 2016 is calculated as

Net Margin=Net Income (Q: Jun. 2016 )/Revenue (Q: Jun. 2016 )
=58.309/251.193
=23.21 %

* 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.


FirstMerit  (NAS:FMER) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


FirstMerit Net Margin % Related Terms

Thank you for viewing the detailed overview of FirstMerit's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


FirstMerit (FirstMerit) Business Description

Traded in Other Exchanges
N/A
Address
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.
Executives
Lizabeth A Ardisana director 328 S. SAGINAW ST., FLINT MI 48430
Brian C Williams officer: See Remarks III CASCADE PLAZA AKRON OH 44308
Carlton E Langer officer: See Remarks III CASCADE PLAZA AKRON OH 44308
Robert S Cubbin director
Christopher J Maurer officer: See Remarks III CASCADE PLAZA AKRON OH 44308
Steve H Baer director III CASCADE PLAZA AKRON OH 44308
Philip A Lloyd director II CASCADE PLAZA AKRON OH 44308
R Cary Blair director II CASCADE PLAZA AKRON OH 44308
Russ M Strobel director NICOR INC P O BOX 3014 NAPERVILLE IL 60566-7014
Nancy H Worman officer: See Remarks III CASCADE PLAZA AKRON OH 44308
Michael G Robinson officer: See Remarks III CASCADE PLAZA AKRON OH 44308
William P Richgels officer: See Remarks III CASCADE PLAZA AKRON OH 44308
Mark D Quinlan officer: See Remarks 200 NORTH ADAMS STREET, GREEN BAY WI 54301
Paul G Greig director, officer: Chairman, President and CEO III CASCADE PLAZA, AKRON OH 44308
Karen S Belden director II CASCADE PLAZA AKRON OH 44308

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