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. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow 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. One also needs to look at Firstbank assets, operating expenses and Firstbank free cash flow. The profit and loss statement shows revenue of $69.06M for 2013. Revenue has decreased by $6.47M YoY for FBMI stock. Firstbank revenue for 2013 is $69.06M. View revenue and profit details for latest and last 10 financial years.

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Annual
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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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It is very helpful to read a report on Firstbank stock analysis. An investor must check the following items in an income statement:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Firstbank revenue chart) implies that the company is growing, which has not been the case with Firstbank. One must stay away from stocks whose revenues are declining.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $12.23M for Firstbank for 2013. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
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. .