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First Trinity Financial Corp   (FTFC)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 

FTFC's Net Income Growth by Quarter and Year

First Trinity Financial 's Net Income results by quarter and year




FTFC Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 2.22 1.77 1.03 1.08
III Quarter September 3.18 2.04 1.07 0.84
II Quarter June 1.50 1.46 1.22 0.47
I Quarter March 1.02 0.91 -0.46 0.79
FY   7.92 6.18 2.86 3.18



FTFC Net Income fourth quarter 2023 Y/Y Growth Comment
First Trinity Financial Corp reported Net Income improvement of 25.15% year on year in the fourth quarter 2023, to $ 2.22 millions, this is lower than First Trinity Financial Corp 's recent average Net Income improvement of 38.84%.

Looking into fourth quarter 2023 results within Life Insurance industry 3 other companies have achieved higher Net Income growth. While First Trinity Financial Corp ' s Net Income rise of 25.15% ranks overall at the positon no. 568 in the fourth quarter 2023.




FTFC Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 25.15 % 71.84 % -4.63 % -38.98 %
III Quarter September 55.88 % 90.65 % 27.38 % -52.54 %
II Quarter June 2.74 % 19.67 % 159.57 % -58.41 %
I Quarter March 12.09 % - - -44.37 %
FY   28.08 % 116.08 % -10.06 % -47.78 %

Financial Statements
First Trinity Financial 's fourth quarter 2023 Net Income $ 2.22 millions FTFC's Income Statement
First Trinity Financial 's fourth quarter 2022 Net Income $ 1.77 millions Quarterly FTFC's Income Statement
New: More FTFC's historic Net Income Growth >>


FTFC Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -30.34 % -13.24 % -3.74 % 28.57 %
III Quarter September 112 % 39.73 % -12.3 % 78.72 %
II Quarter June 47.06 % 60.44 % - -40.51 %
I Quarter March -42.37 % -11.65 % - -55.37 %
FY (Year on Year)   28.08 % 116.08 % -10.06 % -47.78 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry #4
Financial Sector #117
Overall #568

Net Income Y/Y Growth Statistics
High Average Low
430.47 % 38.84 % -64.72 %
(Dec 31 2018)   (Mar 31 2021)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry #4
Financial Sector #117
Overall #568
Net Income Y/Y Growth Statistics
High Average Low
430.47 % 38.84 % -64.72 %
(Dec 31 2018)   (Mar 31 2021)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

First Trinity Financial 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
431.14 % 31.56 % -82.08 %
(Dec 31 2014)  


FTFC's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 First Trinity Financial Corp reported fall in Net Income sequentially by -30.34% to $ 2.22 millions, from $ 3.18 millions declared a quarter before.

It's not important concern, as Net Income always gravitate to slow in this quarter.

Within Life Insurance industry 3 other companies have achieved higher Net Income quarter on quarter growth. While First Trinity Financial 's Net Income growth quarter on quarter, overall rank is 1136.


Net Income Q/Q Growth Company Ranking
Within: No.
Life Insurance Industry #4
Financial Sector #308
Overall #1136
Net Income Q/Q Growth Company Ranking
Within: No.
Life Insurance Industry #4
Financial Sector #308
Overall #1136
Net Income Q/Q Growth Statistics
High Average Low
431.14 % 31.56 % -82.08 %
(Dec 31 2014)  


FTFC's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 First Trinity Financial Corp disclosed fall in Net Income from the third quarter by -30.34% to $ 2.22 millions, from $ 3.18 millions declared in the previous reporting period.

This is not huge problem, as Net Income generally gravitate to slow in this quarter.

Within Life Insurance industry 3 other companies have achieved higher Net Income quarter on quarter growth. While First Trinity Financial 's Net Income growth quarter on quarter, overall rank is 1136.


First Trinity Financial 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 7.92 $ 7.47 $ 6.33 $ 6.29 $ 6.18
Y / Y Net Income Growth (TTM) 27.98 % 37.37 % 41.7 % 48.62 % 116.45 %
Year on Year Net Income Growth Overall Ranking # 159 # 222 # 338 # 239 # 1161
Seqeuential Net Income Change (TTM) 5.91 % 18.05 % 0.69 % 1.66 % 13.68 %
Seq. Net Income Growth (TTM) Overall Ranking # 568 # 532 # 894 # 434 # 1005




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Dec 31 2023 period, First Trinity Financial 's cumulative twelve months Net Income were $ 8 millions, company would post below average annual Net Income growth of 13.68% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the First Trinity Financial 's Net Income growth from the 3.18% growth in Sep 30 2023.

Within the Financial sector 29 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 159, from total ranking in previous quarter at 222.

Net Income TTM Q/Q Growth Statistics
High Average Low
430.47 %
38.84 %
-64.72 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry # 4
Financial Sector # 30
Overall # 159

Net Income TTM Y/Y Growth Statistics
High Average Low
430.47 %
38.84 %
-64.72 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 117
S&P 500 # 568
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Dec 31 2023 period, First Trinity Financial 's cumulative twelve months Net Income were $ 8 millions, company would post below average annual Net Income growth of -64.72% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the First Trinity Financial 's Net Income growth from the 3.18% growth in Sep 30 2023.

Within the Financial sector 29 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 159, from total ranking in previous quarter at 222.

Net Income TTM Q/Q Growth Statistics
High Average Low
430.47 %
38.84 %
-64.72 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry # 4
Financial Sector # 30
Overall # 159

Net Income TTM Y/Y Growth Statistics
High Average Low
430.47 %
38.84 %
-64.72 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 117
S&P 500 # 568




Other Net Income Growth
Life Insurance Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
FTFC's Net Income Growth Ratio versus Life Insurance Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for FTFC's Competitors
Net Income Growth for First Trinity Financial 's Suppliers
Net Income Growth for FTFC's Customers

You may also want to know
FTFC's Annual Growth Rates FTFC's Profitability Ratios FTFC's Asset Turnover Ratio FTFC's Dividend Growth
FTFC's Roe FTFC's Valuation Ratios FTFC's Financial Strength Ratios FTFC's Dividend Payout Ratio
FTFC's Roa FTFC's Inventory Turnover Ratio FTFC's Growth Rates FTFC's Dividend Comparisons



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