Firstbank Annual Income Statement (NASDAQ:FBMI)

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

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Firstbank stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. Like any other income statement, the FBMI income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue decline of $6.47M when compared to the same period in the past. The Firstbank profit and loss statement for 2013 shows a profit of $12.23M. Profits have grown from $10.53M YoY. Apart from this an investor should also check Firstbank assets and Firstbank free cash flow. Firstbank revenue for 2013 is $69.06M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2013 2012 2011 2010 2009 2008 2007
Firstbank Net Sales or Revenues
69.06M75.53M77.31M84.21M90.09M86.18M90.58M
Cost Of Goods Sold (COGS)4.89M6.62M10.89M15.73M18.84M25.46M28.64M
Firstbank Gross Profit
64.17M68.91M66.42M68.47M71.25M60.71M61.93M
Research & Development Expense-------
Selling General & Admin Expense44.28M51.88M56.19M57.25M59.48M50.1M39.95M
Income Before Depreciation Depletion Amortization19.89M17.02M10.23M11.22M11.76M10.61M21.98M
Depreciation Depletion Amortization0.36M0.48M0.69M0.79M0.93M1.07M1.13M
Non Operating Income0.87M------
Interest Expense1.28M1.74M2.08M5.15M7.09M9.88M9.56M
Firstbank Pretax Income
17.36M14.79M7.45M5.27M3.73M-0.34M11.27M
Provision for Income Taxes5.13M4.25M1.83M1.51M1.04M-1.06M2.89M
Minority Interest-------
Investment Gains Losses-------
Other Income-------
Income Before Extraordinaries & Disc Operations12.23M10.53M5.62M3.76M2.69M0.71M8.38M
Extraordinary Items & Discontinued Operations-------
Firstbank Net Income (Profit/Loss)
12.23M10.53M5.62M3.76M2.69M0.71M8.38M
Average Shares used to compute Diluted EPS8.11M9M7.89M7.83M7.85M7.19M6.93M
Average Shares used to compute Basic EPS8.05M9M7.89M7.83M7.85M7.19M6.93M
Income Before Nonrecurring Items12.92M11.43M5.62M3.76M2.69M0.72M8.39M
Income from Nonrecurring Items-0.69M-0.9M-----
Firstbank Earnings Per Share Basic Net
1.461.170.500.270.150.101.21
Firstbank Earnings Per Share Diluted Net
1.451.160.500.270.150.101.21
EPS Diluted Before Nonrecurring Items1.531.260.500.270.150.101.21
Preferred Dividends Acc Pd-------
Dividends Common-------
Dividend Per Share Common0.240.290.040.080.400.900.90
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Firstbank stock analysis. It helps to look at the following income statement items:
  • Topline: A growing topline, as seen from the Firstbank revenue chart, as is not the case with Firstbank indicates a sagging business. One needs to compare the QoQ or YoY topline growth of FBMI stock with its peers like CIVB stock and LNBB stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: Most businesses like Firstbank try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Firstbank historical stock prices to check how the price has moved with time. .