First Historical Income Statement
| FNLC Stock | USD 25.36 0.37 1.48% |
Historical analysis of First Bancorp income statement accounts such as Gross Profit of 83.7 M or Net Income of 33.4 M can show how well First Bancorp performed in making a profits. Evaluating First Bancorp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Bancorp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining First Bancorp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Bancorp is a good buy for the upcoming year.
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About First Income Statement Analysis
First Bancorp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Bancorp shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
First Bancorp Income Statement Chart
First Bancorp Income Statement is one of the three primary financial statements used for reporting First's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of First Bancorp revenue and expense. First Bancorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
The current year's Weighted Average Shares is expected to grow to about 12 M, whereas Consolidated Income is forecasted to decline to about 33.4 M. Add Fundamental
Consolidated Income
The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income Available to Non-controlling Interests.Earning Before Interest and Taxes EBIT
Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in First Bancorp financial statement analysis. It represents the amount of money remaining after all of First Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.Revenues
Revenues refers to the total amount of money received by First Bancorp for goods sold or services provided during a certain time period. It also includes all of First Bancorp sales as well as any other increase in First Bancorp equity. Revenues are reported on First Bancorp income statement and calculated before any expenses are subtracted. The amount of Revenue recognised from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses. Where this item is not contained on the company consolidated financial statements and cannot otherwise be imputed the value of 0 is used.Most accounts from First Bancorp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Bancorp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade First Stock refer to our How to Trade First Stock guide.The current year's Weighted Average Shares is expected to grow to about 12 M, whereas Consolidated Income is forecasted to decline to about 33.4 M.
| 2020 | 2021 | 2022 | 2023 (projected) | Net Income | 27.1M | 36.3M | 39.0M | 33.4M | Gross Profit | 71.9M | 86.1M | 91.3M | 83.7M |
First Bancorp income statement Correlations
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First Bancorp Account Relationship Matchups
First Bancorp income statement Accounts
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Consolidated Income | 23.5M | 25.5M | 27.1M | 36.3M | 39.0M | 33.4M | |
| Earning Before Interest and Taxes EBIT | 27.8M | 30.3M | 32.3M | 43.9M | 47.4M | 41.0M | |
| Earning Before Interest and Taxes USD | 27.8M | 30.3M | 32.3M | 43.9M | 47.4M | 41.0M | |
| Gross Profit | 61.3M | 65.4M | 71.9M | 86.1M | 91.3M | 83.7M | |
| Net Income | 23.5M | 25.5M | 27.1M | 36.3M | 39.0M | 33.4M | |
| Net Income Common Stock | 23.5M | 25.5M | 27.1M | 36.3M | 39.0M | 33.4M | |
| Net Income Common Stock USD | 23.5M | 25.5M | 27.1M | 36.3M | 39.0M | 33.4M | |
| Operating Expenses | 33.5M | 35.2M | 39.7M | 42.1M | 43.9M | 42.6M | |
| Operating Income | 27.8M | 30.3M | 32.3M | 43.9M | 47.4M | 41.0M | |
| Revenues | 61.3M | 65.4M | 71.9M | 86.1M | 91.3M | 83.7M | |
| Revenues USD | 61.3M | 65.4M | 71.9M | 86.1M | 91.3M | 83.7M | |
| Selling General and Administrative Expense | 32.2M | 34.7M | 38.6M | 41.3M | 42.8M | 41.4M | |
| Weighted Average Shares | 10.9M | 10.9M | 10.9M | 11.0M | 11.0M | 12.0M | |
| Weighted Average Shares Diluted | 10.9M | 10.9M | 10.9M | 11.0M | 11.0M | 10.3M | |
| Income Tax Expense | 4.3M | 4.7M | 5.1M | 7.6M | 8.4M | 7.6M |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade First Stock refer to our How to Trade First Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for First Stock analysis
When running First Bancorp's price analysis, check to measure First Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Bancorp is operating at the current time. Most of First Bancorp's value examination focuses on studying past and present price action to predict the probability of First Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Bancorp's price. Additionally, you may evaluate how the addition of First Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is First Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Bancorp. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 1.38 | Earnings Share 2.89 | Revenue Per Share 7.565 | Quarterly Revenue Growth (0.15) |
The market value of First Bancorp is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Bancorp's value that differs from its market value or its book value, called intrinsic value, which is First Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Bancorp's market value can be influenced by many factors that don't directly affect First Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.