Macatawa Bank
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. Macatawa Bank's past years’ income statements indicate that its last revenue has increased compared to the previous period by 867% to $132,252,000. The net income raised on $43,224,000 and profit margin reached 33%. Total operating expenses were $14,564,000.
Profit Margin
| 2014 | 57.60M | 10.47M | 18.18% |
|---|---|---|---|
| 2015 | 61.87M | 12.79M | 20.68% |
| 2016 | 66.61M | 15.95M | 23.95% |
| 2017 | 69.36M | 16.29M | 23.49% |
| 2018 | 77.12M | 26.37M | 34.2% |
| 2019 | 83.21M | 31.97M | 38.43% |
| 2020 | 85.51M | 30.16M | 35.28% |
| 2021 | 79.76M | 29.01M | 36.37% |
| 2022 | 13.67M | 34.73M | 254.01% |
| 2023 | 132.25M | 43.22M | 32.68% |
MCBC Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 132.25M | 13.67M | 79.76M | 85.51M | 83.21M | 77.12M | 69.36M | 66.61M | 61.87M | 57.60M |
Cost of revenue | 113.81M | 0 | 0 | 0 | 0 | 1.20M | 0 | 0 | 0 | 0 |
Gross profit | 18.44M | 13.67M | 79.76M | 85.51M | 83.21M | 75.92M | 69.36M | 66.61M | 61.87M | 57.60M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 803K | 803K | 723K | 891K | 919K | 881K | 882K | 1M | 951K | 932K |
Total operating expenses | 14.56M | 803K | -44.04M | -48.72M | -43.77M | -34.16M | -36.60M | -39.47M | -38.14M | -36.96M |
Operating income | 53.74M | 47.82M | 35.72M | 36.78M | 39.44M | 41.76M | 32.75M | 27.14M | 23.72M | 20.64M |
Other income (expenses), net | -1.32M | -4.76M | 35.72M | -515K | 39.44M | -9.41M | -604K | -4.95M | -4.16M | -4.80M |
Income before tax | 53.74M | 43.06M | 35.72M | 36.78M | 39.44M | 32.35M | 27.02M | 22.18M | 18.42M | 15.04M |
Income tax expense | 10.52M | 8.33M | 6.71M | 6.62M | 7.46M | 5.97M | 10.73M | 6.23M | 5.62M | 4.57M |
Net income | 43.22M | 34.73M | 29.01M | 30.16M | 31.97M | 26.37M | 16.29M | 15.95M | 12.79M | 10.47M |
Earnings per share | ||||||||||
Basic EPS | 1.26 | 1.01 | 0.85 | 0.88 | 0.94 | 0.78 | 0.48 | 0.47 | 0.38 | 0.31 |
Diluted EPS | 1.26 | 1.01 | 0.85 | 0.88 | 0.94 | 0.78 | 0.48 | 0.47 | 0.38 | 0.31 |
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