First Resource Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. First Resource Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 65% to $30,384,277. The net income raised on $5,925,995 and profit margin reached 20%. Total operating expenses were $10,248,871.
Profit Margin
| 2014 | 6.68M | 1.10M | 16.54% |
|---|---|---|---|
| 2015 | 7.41M | 1.18M | 15.98% |
| 2016 | 8.03M | 1.28M | 15.95% |
| 2017 | 9.55M | 1.68M | 17.67% |
| 2018 | 10.48M | 2.16M | 20.64% |
| 2019 | 11.97M | 2.32M | 19.38% |
| 2020 | 13.74M | 3.25M | 23.65% |
| 2021 | 16.34M | 4.17M | 25.53% |
| 2022 | 18.41M | 5.62M | 30.54% |
| 2023 | 30.38M | 5.92M | 19.5% |
FRSB Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 30.38M | 18.41M | 16.34M | 13.74M | 11.97M | 10.48M | 9.55M | 8.03M | 7.41M | 6.68M |
Cost of revenue | -10.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 41.19M | 18.41M | 16.34M | 13.74M | 11.97M | 10.48M | 9.55M | 8.03M | 7.41M | 6.68M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 274.97K | 335.27K | 323.41K | 282.95K | 206.18K | 195.35K | 156.89K | 139.46K | 156.8K | 131.79K |
Total operating expenses | 10.24M | -7.98M | -11.13M | -9.70M | -9.10M | -4.78M | -4.80M | -6.15M | -5.54M | -5.07M |
Operating income | 20.13M | 10.43M | 5.21M | 4.04M | 2.87M | 5.70M | 4.74M | 1.87M | 1.87M | 1.61M |
Other income (expenses), net | -12.68M | -3.37M | 5.21M | 1 | 2.87M | -3.03M | -1.22M | 1.87M | 0 | -966.92K |
Income before tax | 7.44M | 7.05M | 5.21M | 4.04M | 2.87M | 2.66M | 2.61M | 1.87M | 1.87M | 1.61M |
Income tax expense | 1.51M | 1.43M | 1.04M | 794.20K | 552.04K | 499.89K | 929.95K | 597.72K | 687.47K | 507.24K |
Net income | 5.92M | 5.62M | 4.17M | 3.25M | 2.32M | 2.16M | 1.68M | 1.28M | 1.18M | 1.10M |
Earnings per share | ||||||||||
Basic EPS | 1.92 | 1.83 | 1.36 | 1.06 | 0.76 | 0.71 | 0.56 | 0.53 | 0.47 | 0.54 |
Diluted EPS | 1.92 | 1.83 | 1.36 | 1.06 | 0.76 | 0.71 | 0.56 | 0.53 | 0.47 | 0.54 |