Firstbank Annual Income Statement (NASDAQ:FBMI)

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

FBMI stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Firstbank stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. 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. The Firstbank profit and loss statement for 2013 shows a profit of $12.23M. Profits have grown from $10.53M YoY. Apart from this an investor should also check Firstbank assets and Firstbank free cash flow. 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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Before investing one should read a report on Firstbank stock analysis. It helps to look at the following income statement items:
  • 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 FBMI stock has a topline or revenue of $69.06M for 2013 as per this Firstbank revenue chart. Investors look for stocks with a growing top line.
  • 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. .