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 gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the PLMT stock is bound to reflect the impact of the YoY decline of $4.19M. Along with Palmetto Bancshares assets and Palmetto Bancshares free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have decreased from $27.73M YoY and 2014 revenue is $53.18M. Palmetto Bancshares revenue for 2014 is $53.18M. 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. 2014 2013 2012 2011 2010 2009 2008 2007 2006
Palmetto Bancshares Net Sales or Revenues
53.18M57.37M72.42M67.24M74.22M84.91M97.23M100.5M92.96M
Cost Of Goods Sold (COGS)0.49M2.25M5.13M9.33M13.56M19.51M23.69M30.23M24.98M
Palmetto Bancshares Gross Profit
52.69M55.11M67.28M57.91M60.66M65.4M73.54M70.27M67.98M
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
14.82M9.31M0.85M-26.06M-61.54M-62.21M21.06M24.41M23.2M
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)
9.35M27.73M-1.86M-23.4M-60.2M-40.08M13.59M16.01M15.24M
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
0.742.24-0.15-1.86-----
Palmetto Bancshares Earnings Per Share Diluted Net
0.732.24-0.15-1.86-----
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.
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The key things to look for in an income statement while doing Palmetto Bancshares stock analysis are:
  • 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 Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $53.18M - other expenses = $9.35M for PLMT stock. An improving bottomline implies that the company is growing profits.
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. .