Sturgis 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. Sturgis Bancorp's past years’ income statements indicate that its last revenue has increased compared to the previous period by 17% to $36,140,000. Profit margin reached 17%. Total operating expenses were $23,434,000.
Profit Margin
| 2014 | 14.46M | 1.88M | 13.01% |
|---|---|---|---|
| 2015 | 16.41M | 2.46M | 14.99% |
| 2016 | 17.09M | 2.66M | 15.57% |
| 2017 | 17.57M | 3.16M | 18.03% |
| 2018 | 19.29M | 4.37M | 22.67% |
| 2019 | 20.93M | 4.92M | 23.54% |
| 2020 | 26.74M | 6.00M | 22.46% |
| 2021 | 28.76M | 6.34M | 22.05% |
| 2022 | 30.89M | 6.62M | 21.43% |
| 2023 | 36.14M | 6.01M | 16.65% |
STBI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 36.14M | 30.89M | 28.76M | 26.74M | 20.93M | 19.29M | 17.57M | 17.09M | 16.41M | 14.46M |
Cost of revenue | -13.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 49.45M | 30.89M | 28.76M | 26.74M | 20.93M | 19.29M | 17.57M | 17.09M | 16.41M | 14.46M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 723K | 525K | 593K | 313K | 314K | 342K | 296K | 232K | 187K | 159K |
Total operating expenses | 23.43M | -18.41M | -21.09M | -19.48M | -15.07M | -11.63M | -12.25M | -11.95M | -11.62M | -10.04M |
Operating income | 12.70M | 12.48M | 7.67M | 7.25M | 5.85M | 7.65M | 5.31M | 5.13M | 4.78M | 4.42M |
Other income (expenses), net | -5.54M | -4.48M | 7.67M | -2.96M | 5.85M | -2.66M | -2.93M | -1.81M | -2.45M | -2.36M |
Income before tax | 7.15M | 7.99M | 7.67M | 7.25M | 5.85M | 4.99M | 3.28M | 3.32M | 2.90M | 2.33M |
Income tax expense | 1.13M | 1.37M | 1.33M | 1.25M | 932K | 619K | 113K | 658K | 446K | 448K |
Net income | 6.01M | 6.62M | 6.34M | 6.00M | 4.92M | 4.37M | 3.16M | 2.66M | 2.46M | 1.88M |
Earnings per share | ||||||||||
Basic EPS | 2.81 | 3.1 | 2.98 | 2.84 | 2.33 | 2.08 | 1.52 | 1.28 | 1.19 | 0.91 |
Diluted EPS | 2.81 | 3.09 | 2.98 | 2.83 | 2.33 | 2.08 | 1.52 | 1.28 | 1.19 | 0.91 |