Huron Valley Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Huron Valley Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 6% to $9,475,000. The net income raised on $2,522,000 and profit margin reached 27%. Total operating expenses were $5,205,000.
Profit Margin
| 2014 | 4.03M | 694K | 17.19% |
|---|---|---|---|
| 2015 | 5.17M | 1.02M | 19.84% |
| 2017 | 6.41M | 1.14M | 17.82% |
| 2019 | 7.88M | 1.72M | 21.88% |
| 2020 | 7.71M | 1.51M | 19.64% |
| 2021 | 7.97M | 2.04M | 25.67% |
| 2022 | 8.93M | 1.99M | 22.28% |
| 2023 | 9.47M | 2.52M | 26.62% |
HVLM Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
Revenue | 9.47M | 8.93M | 7.97M | 7.71M | 7.88M | 6.41M | 5.17M | 4.03M |
Cost of revenue | 3.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 6.27M | 8.93M | 7.97M | 7.71M | 7.88M | 6.41M | 5.17M | 4.03M |
Operating exp. | ||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 4.36M | 3.83M | 3.14M | 3.04M | 3.02M | 2.46M | 2.08M | 1.89M |
Total operating expenses | 5.20M | 1.85M | 1.59M | 1.35M | 1.38M | 1.25M | 1.13M | 2.89M |
Operating income | 4.27M | 2.51M | 2.58M | 1.91M | 2.15M | 1.91M | 1.54M | 1.14M |
Other income (expenses), net | -1.07M | 2.51M | 2.58M | 4.61M | 2.15M | -788K | 0 | 0 |
Income before tax | 3.19M | 2.51M | 2.58M | 1.91M | 2.15M | 1.91M | 1.54M | 1.14M |
Income tax expense | 669K | 526K | 543K | 403K | 431K | 772K | 519K | 423K |
Net income | 2.52M | 1.99M | 2.04M | 1.51M | 1.72M | 1.14M | 1.02M | 694K |
Earnings per share | ||||||||
Basic EPS | 2.89 | 2.29 | 2.36 | 1.75 | 2 | 1.33 | 1.24 | 0.85 |
Diluted EPS | 2.89 | 2.29 | 2.36 | 1.75 | 2 | 1.33 | 1.24 | 0.85 |