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Community First Bancorp (Community First Bancorp) Net Income : $1,010 Mil (TTM As of Mar. 2024)


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What is Community First Bancorp Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Community First Bancorp's Net Income for the three months ended in Mar. 2024 was $1,007 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $1,010 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Community First Bancorp's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $182.58.


Community First Bancorp Net Income Historical Data

The historical data trend for Community First Bancorp's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Community First Bancorp Net Income Chart

Community First Bancorp Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.42 1.80 3.62 6.44 4.08

Community First Bancorp Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 1.23 0.93 0.89 1,006.93

Community First Bancorp Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Community First Bancorp's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=5.553+-1.473+0+0
=4

Community First Bancorp's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=783.934+222.995+0+0
=1,007

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,010 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Community First Bancorp  (OTCPK:CFOK) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Community First Bancorp's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Community First Bancorp Net Income Related Terms

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Community First Bancorp (Community First Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
449 Highway 123 Bypass, Seneca, SC, USA, 29678
Community First Bancorp operates as a bank holding company that engages in the provision of domestic commercial banking services. It offers various deposit products, including regular savings accounts, money market accounts, and term certificate accounts. Its services include cashier's checks, direct deposit, wire transfers, notary services, night depository, and bank by mail.
Executives
Robert H Edwards director 449 HIGHWAY 123 BYPASS, SENECA SC 29678
Frederick D Shepherd director, officer: President PO BOX 1097, WALHALLA SC 29691
James E Mccoy director PO BOX 100, WALHALLA SC 29691
Gary V Thrift director PO BOX 2125, SENECA SC 29679
Charles Winchester director PO BOX 456, SALEM SC 29676
William Brown director PO BOX 794, SENECA SC 29679-0794
Larry Bowman director 10630 CLEMSON BLVD, STE 100, SENECA SC 29678
John R Hamrick director 896 N WALNUT STREET, SENECA SC 29678
James Edward Turner director 449 HIGHWAY 123 BYPASS, SENECA SC 29678
Blake Griffith director PO BOX 1628, WEST UNION SC 29696

Community First Bancorp (Community First Bancorp) Headlines