Friday, July 21, 2017

Under US Senate Giant Susan Collins, Maine Largest Non-Bank Companies 2016 Total Audited Earnings Were Up 91% Over Pre-Financial Meltdown Year of 2007 Total Earnings .......................................................................................Also Under Susan Collins, Maine Largest Banks 2016 Total Audited Earnings Were Up 93% Over Pre-Financial Meltdown Year of 2007 Total Earnings

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found the 2 Companies, both Non-Banks, headquartered in the US State of Maine with Stock Market Capitalizations either very late in 2016 or very early in 2017 of more than $1 Bil and which also have filed their fiscal year 2016 annual financial statements with the SEC.  Traditional Mostly Regulated Utilities Companies were excluded.

Also from a review of the Google Finance Website and of company financial statements in the US SEC Website, I found the 4 Banks headquartered in the US State of Maine with Stock Market Capitalizations either very late in 2016 or very early in 2017 of between $100 Mil and $1 Bil and which also have filed their fiscal year 2016 annual financial statements with the SEC.
 
Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 6 Maine Companies for all of the fiscal years from 2007 through 2016:




2016 2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net Net
Maine Companies City State 2016 Income Income Income Income Income Income Income Income Income Income
Market Caps Above $100 Mil HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Non-Banks












IDEXX Laboratories Westbrook ME Dec16        222        192        182        188        178        162        141        122        116          94
WEX Inc South Portland ME Dec16          57        110        200        148          97        134          88        140        128          52
Total all 2 Non-Banks


       279






           146
…2016 Total Earnings % Increase Over 2007

   91%






















Banks












Camden National Corp Camden ME Dec16          40          21          25          23          23          26          25          23          15          20
First Bancorp Inc Damariscotta ME Dec16          18          16          15          13          13          12          12          13          14          13
Bar Harbor Bankshares Bar Harbor ME Dec16          15          15          15          13          12          11          11          10            8            7
Northeast Bancorp Lewiston ME Jun16            8            7            3            4            1          14            2            1            2            2
Total all 4 Banks


         81






             42
…2016 Total Earnings % Increase Over 2007

   93%









The truly remarkable thing is that 5 of these 6 Maine Companies have incredibly consistent earnings increases in pretty much each year from 2007 to 2016.