Palmetto Bancshares Annual Income Statement (NASDAQ:PLMT)

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$19.25 $0 (0%) PLMT stock closing price Aug 31, 2015 (Closing)

PLMT stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Palmetto Bancshares stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the PLMT income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue decline of $4.19M when compared to the same period in the past. The operating expenses (also check: Palmetto Bancshares assets and Palmetto Bancshares free cash flow) as shown in the Palmetto Bancshares profit and loss statement 2014 total to $38.33M. This line item has decreased from $48.04M compared with last year. Palmetto Bancshares revenue for 2014 is $53.18M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2014 2013 2012 2011 2010 2009 2008 2007 2006
Palmetto Bancshares Net Sales or Revenues
Cost Of Goods Sold (COGS)0.49M2.25M5.13M9.33M13.56M19.51M23.69M30.23M24.98M
Palmetto Bancshares Gross Profit
Research & Development Expense---------
Selling General & Admin Expense37.84M45.79M66.42M83.88M105.05M125.68M49.52M43.28M42.41M
Income Before Depreciation Depletion Amortization14.85M9.31M0.85M-25.97M-44.39M-60.28M24.01M26.98M25.56M
Depreciation Depletion Amortization------0.04M0.04M0.04M
Non Operating Income-----15.34M----
Interest Expense0.02M--0.09M1.8M1.92M2.91M2.52M2.31M
Palmetto Bancshares Pretax Income
Provision for Income Taxes5.46M-18.41M2.72M-2.66M-1.34M-22.12M7.46M8.39M7.96M
Minority Interest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations9.35M27.73M-1.86M-23.4M-60.2M-40.08M13.59M16.01M15.24M
Extraordinary Items & Discontinued Operations---------
Palmetto Bancshares Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS12.76M12.66M12.43M12.58M-----
Average Shares used to compute Basic EPS12.7M12.66M12.43M12.58M-----
Income Before Nonrecurring Items9.36M28.58M-1.86M-23.4M-----
Income from Nonrecurring Items---------
Palmetto Bancshares Earnings Per Share Basic Net
Palmetto Bancshares Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.732.24-0.15-1.86-----
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.10--------
All figures in USD. M: Millions of USD, B: Billions of USD.

It is very helpful to read a report on Palmetto Bancshares stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that PLMT stock has a topline or revenue of $53.18M for 2014 as per this Palmetto Bancshares revenue chart. Investors look for stocks with a growing top line.
  • 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. PLMT stock had a poor bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Palmetto Bancshares historical stock prices to check how the price has moved with time. .