Katahdin Bankshares (Katahdin Bankshares) Gross-Profit-to-Asset % : 3.67% (As of Mar. 2024)

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What is Katahdin Bankshares Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Katahdin Bankshares's annualized Gross Profit for the quarter that ended in Mar. 2024 was $37.82 Mil. Katahdin Bankshares's average Total Assets over the quarter that ended in Mar. 2024 was $1,030.20 Mil. Therefore, Katahdin Bankshares's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 3.67%.

Katahdin Bankshares Gross-Profit-to-Asset % Historical Data

The historical data trend for Katahdin Bankshares's Gross-Profit-to-Asset % 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.

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Katahdin Bankshares Gross-Profit-to-Asset % Chart

Katahdin Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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3.93

4.00

3.81

3.82

3.88

Katahdin Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															3.97	3.90	3.87	3.89	3.67

Competitive Comparison of Katahdin Bankshares's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Katahdin Bankshares's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Katahdin Bankshares's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Katahdin Bankshares's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Katahdin Bankshares's Gross-Profit-to-Asset % falls into.

Katahdin Bankshares Gross-Profit-to-Asset % Calculation

Katahdin Bankshares's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	39.172	/	( (983.538	+	1034.246)	/ 2 )
	=	39.172	/	1008.892
	=	3.88 %

Katahdin Bankshares's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	37.82	/	( (1034.246	+	1026.149)	/ 2 )
	=	37.82	/	1030.1975
	=	3.67 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Katahdin Bankshares Gross-Profit-to-Asset % Related Terms

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Katahdin Bankshares (Katahdin Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Katahdin Bankshares Corp (OTCPK:KTHN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Katahdin Lane, P.O. Box 36, Houlton, ME, USA, 04730

Website

https://www.katahdintrust.com

Katahdin Bankshares Corp is a part of the financial services sector. It is a state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation. Its primary business is to lend funds and accept deposits from consumers and small businesses in Aroostook and the Portland area. The Bank has full-service branches throughout northern Maine and the greater Bangor and Portland regions. Its key services include personal banking, business banking, and investments.