Firstbank Balance Sheet - Annual (NASDAQ:FBMI)

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$21.59 $0.53 (2.52%) FBMI stock closing price May 30, 2014 (Closing)

The Firstbank balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Firstbank stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. Firstbank revenue was $69.06M and Firstbank operating cash flow was $25.68M forĀ 2013. The balance sheet shows total liabilities of $1.34B and shareholders equity of $137.62M. View latest and last 10 year balance sheet data to check Firstbank financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2013 2012 2011 2010 2009 2008 2007
Cash29.81M41.47M44.58M35.72M27.25M33.05M42.19M
Marketable Securities45.79M61.06M35.66M48.22M82.93M30.88M4M
Receivables990.72M968.6M987.95M1.04B1.13B1.17B1.14B
Inventory0.4M2.92M0.34M1.35M0.57M1.4M1.72M
Raw Materials-------
Work In Progress-------
Finished Goods-------
Notes Receivable-------
Other Current Assets-------
Firstbank Total Current Assets
1.07B1.07B1.07B1.12B1.25B1.24B1.19B
Property Plant & Equipment56.66M56.5M57.21M56.68M57.1M56.73M-
Accumulated Depreciation32.49M32.15M32.13M31.25M31.66M29.79M-
Firstbank Net Property Plant & Equipment
24.16M24.35M25.08M25.43M25.43M26.94M27.55M
Investment & Advances350.86M360.94M349.45M263.9M166.01M121.95M112.46M
Other Non-Current Assets1.83M2.92M5.25M8.31M7.42M--
Deferred Charges-------
Intangibles36.1M36.47M36.96M37.65M38.45M39.48M34.42M
Deposits & Other Assets------5.83M
Firstbank Total Assets
1.48B1.5B1.49B1.46B1.48B1.43B1.37B
Notes Payable47.63M42.78M46.78M41.32M39.4M59.27M43.7M
Accounts Payable1.23B1.24B1.22B1.18B1.15B1.05B1.01B
Current Portion Long-Term Debt-------
Current Portion Capital Leases-------
Accrued Expenses5.79M8.94M7.05M8.06M10.65M12.16M17.82M
Income Taxes Payable-------
Other Current Liabilities-------
Firstbank Total Current Liabilities
1.29B1.29B1.27B1.23B1.2B1.12B1.07B
Mortgages-------
Deferred Taxes/Income-------
Convertible Debt-------
Long-Term Debt55.87M58.57M55.54M76.74M136.34M192M174.21M
Non-Current Capital Leases-------
Other Long-Term Liabilities-------
Firstbank Total Liabilities
1.34B1.35B1.33B1.31B1.34B1.31B1.25B
Minority Interest-------
Preferred Stock-16.9M32.79M32.76M32.73M--
Common Stock Net116.64M115.62M115.73M115.22M114.77M113.41M111.43M
Capital Surplus-------
Retained Earnings20.73M10.92M3.95M0.29M-1.22M0.68M6.69M
Treasury Stock-------
Other Liabilities0.24M3.6M2.89M0.14M0.59M0.88M0.48M
Firstbank Shareholders Equity
137.62M147.05M155.37M148.42M146.88M114.98M118.61M
Firstbank Total Liabilities & Shareholders Equity
1.48B1.5B1.49B1.46B1.48B1.43B1.37B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Firstbank stock price, and Firstbank historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Firstbank PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Firstbank owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for FBMI stock as of year is $1.48B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Firstbank is $1.34B. Shareholders' equity comes under liabilities as it is money the company owes the holders of FBMI stock.
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