Firstbank Revenue, Profits - FBMI Annual Income Statement

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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. Like any other income statement, the FBMI income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue decline of -8.57% when compared to the same period in the past. The Firstbank profit and loss statement for 2013 shows a net profit of $12.23M. Profits for last year was $10.53M. Apart from this an investor should also check Firstbank assets and Firstbank free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec201320122011201020092008
Firstbank Revenues or Net Sales
69.06M75.53M77.31M84.21M90.09M86.18M
Cost Of Goods Sold (COGS)4.89M6.62M10.89M15.73M18.84M25.46M
Firstbank Gross Profit
64.17M68.91M66.42M68.47M71.25M60.71M
Research & Development Expense------
Selling General & Admin Expense44.28M51.88M56.19M57.25M59.48M50.1M
Income Before Depreciation Depletion Amortization19.89M17.02M10.23M11.22M11.76M10.61M
Depreciation Depletion Amortization-----1.07M
Non Operating Income------
Interest Expense1.28M1.74M2.08M5.15M7.09M9.88M
Firstbank Pretax Income
17.36M14.79M7.45M5.27M3.73M-0.34M
Provision for Income Taxes5.13M4.25M1.83M1.51M1.04M-1.06M
MinorityInterest------
Investment Gains Losses------
Other Income------
Income Before Extraordinaries & Disc Operations12.23M10.53M5.62M3.76M2.69M-
Extraordinary Items & Discontinued Operations------
Firstbank Profit/ Loss (Net Income)
12.23M10.53M5.62M3.76M2.69M-
Average Shares used to compute Diluted EPS8.11M9M7.89M7.83M7.85M7.19M
Average Shares used to compute Basic EPS8.05M9M7.89M7.83M7.85M7.19M
Income Before Nonrecurring Items12.92M11.43M5.62M3.76M2.69M-
Income from Nonrecurring Items-0.69M-0.9M----
Firstbank Earnings Per Share Basic Net
1.461.170.500.270.150.10
Firstbank Earnings Per Share Diluted Net
1.45M1.16M----
EPS Diluted Before Nonrecurring Items1.531.260.500.270.150.10
Preferred Dividends Acc Pd------
Dividends Common------
Dividend Per Share Common0.240.290.040.080.400.90
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Firstbank stock analysis. It helps to look at the following income statement items:

  • Revenue: This is the inflow that is generated from the sale of goods or services and is $69.06M for this year of 2013. Our Firstbank revenue chart gives a clear visual representation of how the topline or sales growth has been. Investors often invest only in those companies where the revenue is growing at a steady rate.
  • Bottom line: Most businesses like Firstbank try to grow their profits 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 FBMI financials along with Firstbank historical stock prices provide a lot of details about the firm.