Waccamaw Bankshares Annual Income Statement (OTCMKTS:WBNK)

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$0 $0 (0%) WBNK stock closing price Nov 07, 2014 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Waccamaw Bankshares stock price alone is not sufficient. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the WBNK income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue decline of $2.39M when compared to the same period in the past. The operating expenses (also check: Waccamaw Bankshares assets and Waccamaw Bankshares free cash flow) as shown in the Waccamaw Bankshares profit and loss statement 2010 total to $35.94M. This line item has decreased from $41.62M compared with last year. Waccamaw Bankshares revenue for 2010 is $27.4M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2010 2009 2008 2007
Waccamaw Bankshares Net Sales or Revenues
27.4M29.79M31.45M35.08M
Cost Of Goods Sold (COGS)6.75M9.26M13.5M13.67M
Waccamaw Bankshares Gross Profit
20.65M20.53M17.94M21.41M
Research & Development Expense----
Selling General & Admin Expense29.19M32.36M18.38M12.54M
Income Before Depreciation Depletion Amortization-8.54M-11.83M-0.43M8.86M
Depreciation Depletion Amortization---0.28M
Non Operating Income--2.72M--
Interest Expense3M3.27M3.43M2.62M
Waccamaw Bankshares Pretax Income
-11.54M-17.83M-3.87M5.95M
Provision for Income Taxes3.68M-3.62M-1.82M2.04M
Minority Interest----
Investment Gains Losses----
Other Income----
Income Before Extraordinaries & Disc Operations-15.23M-14.2M-2.04M3.9M
Extraordinary Items & Discontinued Operations----
Waccamaw Bankshares Net Income (Profit/Loss)
-15.23M-14.2M-2.04M3.9M
Average Shares used to compute Diluted EPS--5.52M5.34M
Average Shares used to compute Basic EPS--5.52M5.34M
Income Before Nonrecurring Items---0.9M3.9M
Income from Nonrecurring Items---1.14M-
Waccamaw Bankshares Earnings Per Share Basic Net
-2.53-2.57-0.370.73
Waccamaw Bankshares Earnings Per Share Diluted Net
---0.370.73
EPS Diluted Before Nonrecurring Items---0.160.73
Preferred Dividends Acc Pd----
Dividends Common----
Dividend Per Share Common----
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 Waccamaw Bankshares 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 WBNK stock has a topline or revenue of $27.4M for 2010 as per this Waccamaw Bankshares 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 $27.4M - other expenses = $-15.23M for WBNK stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Waccamaw Bankshares historical stock prices provides a lot of details about the firm. .