First Federal of Northern Michigan Revenue, Profits - FFNM Annual Income Statement

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$11 $0 (0%) FFNM stock closing price Apr 25, 2018 (Closing)

Looking at financial statements, along with the First Federal of Northern Michigan stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. 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 generated for a specific period of time, typically a year or a quarter. The revenue increase to $13.37M for 2017 impacts the FFNM stock. Investors typically check year over year or quarter over quarter revenue growth. Revenue for year 2017 is $13.37M and has increased from $12.54M year on year as is evident when you compare the latest figures in the latest First Federal of Northern Michigan profit and loss statement with those of the prior corresponding period. Also see First Federal of Northern Michigan assets and First Federal of Northern Michigan free cash flow for a complete valuation of FFNM stock.

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 - Dec2017201620152014201320122011201020092008
First Federal of Northern Michigan Revenues or Net Sales
13.37M12.54M12.61M12.57M10.08M11.51M12.32M14.65M15.01M15.64M
Cost Of Goods Sold (COGS)-----1.03M1.54M2.29M3.45M4.89M
First Federal of Northern Michigan Gross Profit
---11.76M9.25M10.48M10.77M12.35M11.56M10.74M
Research & Development Expense----------
Selling General & Admin Expense---8.83M8.75M9.9M9.02M10.67M15.28M12.98M
Income Before Depreciation Depletion Amortization---2.92M--1.74M1.68M-3.72M-2.24M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense-------1.15M1.63M2.23M
First Federal of Northern Michigan Pretax Income
---2.24M--0.21M---5.62M-4.78M
Provision for Income Taxes--------1.09M-1.6M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations-1.31M3.43M2.24M--0.21M---6.71M-3.18M
Extraordinary Items & Discontinued Operations---------0.04M-0.06M
First Federal of Northern Michigan Profit/ Loss (Net Income)
-1.31M3.43M2.24M--0.21M---6.76M-3.24M
Average Shares used to compute Diluted EPS3.73M3.73M3.73M3.22M2.88M2.88M2.88M2.93M2.89M2.88M
Average Shares used to compute Basic EPS3.73M3.73M3.73M3.22M2.88M2.88M2.88M2.93M2.89M2.88M
Income Before Nonrecurring Items1.82M1.31M3.43M2.25M--0.21M---6.72M-3.24M
Income from Nonrecurring Items-1.2M---------
First Federal of Northern Michigan Earnings Per Share Basic Net
0.170.350.920.700.00-0.070.260.23-2.34-1.12
First Federal of Northern Michigan Earnings Per Share Diluted Net
0.170.350.920.700.00-0.070.260.23-2.34-1.12
EPS Diluted Before Nonrecurring Items0.490.350.920.700.00-0.070.260.23-2.33-1.12
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.190.160.100.080.020.000.000.000.000.15
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on First Federal of Northern Michigan stock analysis. It helps to look at the following income statement items:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: First Federal of Northern Michigan revenue chart implies that the company is growing. It has been the case with First Federal of Northern Michigan. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • 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. FFNM stock had a poor bottom line growth.

The income statement is also called statement of revenue and expense. The FFNM financials along with First Federal of Northern Michigan historical stock prices provide a lot of details about the firm.

First Federal of Northern Michigan Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
64.71
PS Ratio (price sales ratio)
3.07
Operating Margin
0
Dividend Yield
1.73%

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