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. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the FBMI stock is bound to reflect the impact of the YoY decline of $6.47M. Along with Firstbank assets and Firstbank free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $10.53M YoY and 2013 revenue is $69.06M. Firstbank revenue for 2013 is $69.06M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2013 2012 2011 2010 2009 2008 2007 2006
Firstbank Net Sales or Revenues
Cost Of Goods Sold (COGS)4.89M6.62M10.89M15.73M18.84M25.46M28.64M22.94M
Firstbank Gross Profit
Research & Development Expense--------
Selling General & Admin Expense44.28M51.88M56.19M57.25M59.48M50.1M39.95M34.92M
Income Before Depreciation Depletion Amortization19.89M17.02M10.23M11.22M11.76M10.61M21.98M23.05M
Depreciation Depletion Amortization0.36M0.48M0.69M0.79M0.93M1.07M1.13M0.66M
Non Operating Income0.87M-------
Interest Expense1.28M1.74M2.08M5.15M7.09M9.88M9.56M7.77M
Firstbank Pretax Income
Provision for Income Taxes5.13M4.25M1.83M1.51M1.04M-1.06M2.89M4.4M
Minority Interest--------
Investment Gains Losses--------
Other Income--------
Income Before Extraordinaries & Disc Operations12.23M10.53M5.62M3.76M2.69M0.71M8.38M10.2M
Extraordinary Items & Discontinued Operations--------
Firstbank Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS8.11M9M7.89M7.83M7.85M7.19M6.93M6.54M
Average Shares used to compute Basic EPS8.05M9M7.89M7.83M7.85M7.19M6.93M6.54M
Income Before Nonrecurring Items12.92M11.43M5.62M3.76M2.69M0.72M8.39M10.21M
Income from Nonrecurring Items-0.69M-0.9M------
Firstbank Earnings Per Share Basic Net
Firstbank Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items1.531.260.500.
Preferred Dividends Acc Pd--------
Dividends Common--------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.

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 FBIZ stock and LNBB stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. FBMI stock had a poor bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with Firstbank historical stock prices provides a lot of details about the firm. .