Alabama Companies Earnings On Fire, With 2017 Pretax Earnings Up 39% and 2016 Pretax Earnings Up 132% ......................................................................................

From a review of US SEC filings, there were 16 Companies headquartered in Alabama with stock market caps of more than $100 mil or Total Equity of more than $100 mil.

My Focus is on Pretax Income Rather Than on After-Tax Net Income Because Income Taxes are Simply a Transfer of Financial Wealth Between US Corporations and the US Federal, US State and Foreign Governments.  It Has Nothing Whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Years Ended 2017, 2016 and 2015 for these 16 Alabama Companies.

				Year	Year	Year
				2017	2016	2015
				Audited	Audited	Audited
				Net	Net	Net
				Income	Income	Income
				(Loss)	(Loss)	(Loss)
				From	From	From
Alabama Companies	City	State	2017	Continuing	Continuing	Continuing
Stock Market Cap or Total Equity Above $100 Mil	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
Regions Financial	Birmingham	AL	Dec 17	1,257	1,158	1,075
Vulcan Materials	Birmingham	AL	Dec 17	593	422	233
Warrior Met Coal	Brookwood	AL	Dec 17	455	(111)	(311)
Protective Life	Birmingham	AL	Dec 17	435	594	401
Encompass Health	Birmingham	AL	Dec 17	336	318	254
Energen Corp	Birmingham	AL	Dec 17	307	(168)	(946)
Medical Properties Trust	Birmingham	AL	Dec 17	291	226	140
ProAssurance Corp	Birmingham	AL	Dec 17	107	151	116
ServisFirst Bancshares	Birmingham	AL	Dec 17	93	81	64
Hibbett Sports Inc	Birmingham	AL	Jan 18	56	96	112
Infinity Property and Casualty Corp	Birmingham	AL	Dec 17	45	43	51
Construction Partners	Dothan	AL	Sep 17	41	33	N/A
ADTRAN Inc	Huntsville	AL	Dec 17	24	35	19
National Commerce Corp	Birmingham	AL	Dec 17	22	19	12
Auburn National Bancorporation	Auburn	AL	Dec 17	11	11	11
Computer Programs & Systems Inc	Mobile	AL	Dec 17	(13)	8	25
Total all 16 Alabama Cos				4,060	2,916	1,256
Total Pretax Income % Increase
………. 2017 Above 2016	39%
………. 2016 Above 2015	132%