Firstmerit Bank, National Association
Akron, OH — Domestic Branch of a Domestic Bank
Acquired Aug 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Firstmerit Bank, National Association | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 316,675 | 7,535 |
Income from Lease Financing Receivables | 10,861 | 27 |
3,496 | 53 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1,830 | 27 |
Income on Loans and Leases (TE) | 329,366 | 7,588 |
Investment Interest Income (TE) | 75,794 | 1,278 |
Total Interest Income (TE) | 424,894 | 8,995 |
Total Interest Expense | 38,702 | 891 |
Net Interest Income (TE) | 386,192 | 8,105 |
Non-Interest Income | 127,376 | 2,174 |
Adjusted Operating Income (TE) | 513,568 | 10,270 |
Non-interest Expense | 319,575 | 6,472 |
Provision for Loan & Lease Losses | 14,200 | 265 |
Pretax Operating Income (TE) | 179,793 | 3,571 |
Pretax Net Operating Income (TE) | 182,252 | 3,641 |
Applicable Income Taxes | 54,259 | 946 |
Net Operating Income | 120,785 | 2,505 |
Net Income | 120,785 | 2,507 |
Cash Dividends Declared | 72,400 | 1,163 |
Retained Earnings | 48,385 | 1,176 |