Firstbank Income Statement - Quarterly (NASDAQ:FBMI)

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

Financial analysis of Firstbank involves more than just checking the Firstbank stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from $16.9M to $16.01M and how operating and non operating activities have impacted the FBMI stock. The Firstbank profit and loss statement for 2014-Q1 shows a profit of $2.35M. Profits have reduced from $3.16M QoQ. Apart from this an investor should also check Firstbank assets and Firstbank free cash flow. View details of revenue and profits for Firstbank for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2014-Q1 2013-Q4
Firstbank Net Sales or Revenues
Cost Of Goods Sold (COGS)1.04M1.12M
Firstbank Gross Profit
Research & Development Expense--
Selling General & Admin Expense11.1M10.74M
Income Before Depreciation Depletion Amortization3.85M5.08M
Depreciation Depletion Amortization0.07M0.08M
Non Operating Income0.25M0.14M
Interest Expense0.21M0.32M
Firstbank Pretax Income
Provision for Income Taxes0.96M1.39M
Minority Interest--
Investment Gains Losses--
Other Income--
Income Before Extraordinaries & Disc Operations2.35M3.16M
Extraordinary Items & Discontinued Operations--
Firstbank Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS8.1M8.1M
Average Shares used to compute Basic EPS8.1M8.1M
Income Before Nonrecurring Items2.35M3.28M
Income from Nonrecurring Items--0.12M
Firstbank Earnings Per Share Basic Net
Firstbank Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.290.40
Preferred Dividends Acc Pd--
Dividends Common--
Dividend Per Share Common0.060.06
All figures in USD. M: Millions of USD, B: Billions of USD.

It is very helpful to read a report on Firstbank stock analysis. An investor must check the following items in an income statement:
  • 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: 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 statement of revenue and expense. The financials along with Firstbank historical stock prices provides a lot of details about the firm. .