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Macatawa Bank Corporation (MCBC)

NASDAQ: MCBC · Real-Time Price · USD

14.82

-0.13 (-0.87%)

At close: Jul 31, 2024, 10:00 PM

Macatawa Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	123.2M	116.23M	95.58M	90.05M	84.26M	74.75M	79.25M	74.54M	75.21M	78.61M	84.02M	84.88M	85.54M	84.77M	81.95M	82.25M	82.07M	82.54M	81.81M	80.38M	78.4M	75.63M	73.52M	71.54M	69.96M	68.97M	68.19M	67.42M	65.84M	65.28M	64.09M	63.03M	62.55M
Cost of Revenue	4.66M	n/a	n/a	n/a	n/a	n/a	403K	403K	403K	403K	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross Profit	118.54M	116.23M	95.58M	90.05M	84.26M	74.75M	78.85M	74.14M	74.81M	78.21M	84.02M	84.88M	85.54M	84.77M	81.95M	82.25M	82.07M	82.54M	81.81M	80.38M	78.4M	75.63M	73.52M	71.54M	69.96M	68.97M	68.19M	67.42M	65.84M	65.28M	64.09M	63.03M	62.55M
Operating Income	-7.49M	n/a	64.3M	63.72M	59.19M	47.43M	37.86M	33.7M	35.83M	38.29M	41.9M	42.3M	42.77M	42.48M	43.65M	47.05M	49.4M	51.9M	50.67M	48.33M	45.47M	41.76M	38.42M	36M	33.88M	32.76M	31.55M	30.21M	28.67M	27.14M	26.38M	25.11M	24.45M
Interest Income	90.45M	88.64M	84.46M	100.72M	89.03M	74.91M	62.79M	56.75M	56.5M	58.63M	62.7M	63.68M	65M	67.22M	68.26M	71.52M	74.25M	75.94M	76M	74.61M	72.21M	69.04M	65.7M	62.64M	59.85M	57.67M	56.01M	54.51M	53.34M	52.5M	51.71M	51.02M	50.38M
Pretax Income	50.91M	53.75M	57.06M	55.38M	50.65M	43.06M	35.57M	31.98M	33.57M	35.73M	38.96M	38.75M	38.49M	36.79M	36.09M	37.4M	37.92M	39.44M	38.1M	36.49M	34.73M	32.35M	30.24M	28.85M	27.58M	27.02M	26.26M	25.18M	23.71M	22.18M	21.37M	20.02M	19.23M
Net Income	41.01M	43.22M	45.85M	44.48M	40.73M	34.73M	28.83M	25.99M	27.24M	29.01M	31.79M	31.71M	31.53M	30.16M	29.34M	30.38M	30.74M	31.98M	30.85M	29.54M	28.27M	26.38M	21.53M	19.55M	17.59M	16.29M	18.2M	17.93M	16.92M	15.95M	15.38M	13.98M	13.45M
Selling & General & Admin	24.08M	24.79M	20.68M	28.6M	28.02M	27.38M	28.99M	28.45M	29.33M	29.43M	29.97M	30.08M	28.12M	28.14M	27.14M	26.76M	28.51M	27.08M	27.69M	27.92M	27.99M	28.98M	29.16M	28.94M	28.64M	28.44M	28.35M	28.49M	28.61M	28.95M	28.94M	28.93M	28.93M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	-15.5M	-14.56M	12.75M	13.03M	13.24M	-524K	-27.32M	-27.1M	-26.89M	-9.83M	-6.51M	-3.24M	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating Expenses	8.5M	4.48M	1.26M	1.23M	12.94M	3.33M	-20.46M	-20.49M	-32.22M	-22.66M	-21.96M	-21.89M	-21.83M	-21.77M	-21.64M	-21.65M	-21.66M	-21.67M	-21.9M	-21.9M	-21.91M	-21.9M	22.55M	22.55M	22.55M	22.55M	23.14M	23.19M	23.24M	23.29M	23.27M	23.25M	23.24M
Interest Expense	22.03M	18.33M	20.75M	14.31M	8.93M	4.76M	2.68M	2.12M	2.26M	2.56M	2.94M	3.55M	4.28M	5.69M	7.56M	9.65M	11.48M	12.46M	12.56M	11.85M	10.74M	9.41M	8.19M	7.15M	6.3M	5.73M	5.29M	5.03M	4.95M	4.96M	5M	5.09M	5.22M
Selling & Marketing Expenses	796K	804K	866K	837K	827K	803K	784K	763K	743K	723K	700K	764K	828K	891K	946K	935K	929K	919K	885K	885K	881K	882K	890K	888K	884K	882K	853K	902K	952K	1M	945K	933K	921K
Cost & Expenses	44.52M	23.21M	1.26M	1.23M	12.94M	3.33M	-20.06M	-20.08M	-31.82M	-22.26M	-21.96M	-21.89M	-21.83M	-21.77M	-21.64M	-21.65M	-21.66M	-21.67M	-21.9M	-21.9M	-21.91M	-21.9M	22.55M	22.55M	22.55M	22.55M	23.14M	23.19M	23.24M	23.29M	23.27M	23.25M	23.24M
Income Tax Expense	9.9M	10.52M	11.22M	10.9M	9.92M	8.33M	6.74M	5.99M	6.34M	6.71M	7.16M	7.04M	6.96M	6.62M	6.75M	7.02M	7.18M	7.46M	7.25M	6.94M	6.46M	5.97M	8.71M	9.3M	9.99M	10.73M	8.05M	7.25M	6.8M	6.23M	5.99M	6.04M	5.78M
Shares Outstanding (Basic)	34.36M	34.33M	34.29M	34.29M	34.3M	34.28M	34.25M	34.25M	34.25M	34.23M	34.19M	34.19M	34.2M	34.15M	34.11M	34.11M	34.11M	34.08M	34.06M	34.04M	34.04M	34.03M	34.01M	34.02M	34.01M	33.96M	33.94M	33.94M	33.94M	33.92M	33.92M	33.92M	33.93M
Shares Outstanding (Diluted)	34.36M	34.33M	34.29M	34.29M	34.3M	34.28M	34.25M	34.25M	34.25M	34.23M	34.19M	34.19M	34.2M	34.15M	34.11M	34.11M	34.11M	34.08M	34.06M	34.04M	34.04M	34.03M	34.01M	34.02M	34.01M	33.97M	33.95M	33.95M	33.95M	33.92M	33.92M	33.92M	33.93M
EPS (Basic)	1.19	1.26	1.33	1.29	1.18	1.01	0.84	0.76	0.80	0.85	0.93	0.93	0.92	0.88	0.86	0.89	0.91	0.94	0.91	0.87	0.83	0.78	0.63	0.57	0.51	0.47	0.53	0.53	0.50	0.47	0.45	0.40	0.38
EPS (Diluted)	1.19	1.26	1.33	1.29	1.18	1.01	0.84	0.76	0.80	0.85	0.93	0.93	0.92	0.88	0.86	0.89	0.91	0.94	0.91	0.87	0.83	0.78	0.63	0.57	0.51	0.47	0.53	0.53	0.50	0.47	0.45	0.40	0.38
EBITDA	58.84M	66.49M	64.53M	64.23M	51.25M	40.06M	31.29M	27.57M	38.79M	41.01M	44.28M	44.61M	45.17M	45.1M	46.29M	49.39M	51.7M	54.11M	53.01M	50.97M	48.13M	44.32M	41.17M	38.57M	36.16M	35.04M	33.64M	32.58M	31.35M	29.95M	29.33M	27.96M	27.39M
EBIT	26.3M	40.75M	108.42M	113.02M	111.17M	91.68M	74.62M	66.87M	80.41M	75.3M	71.11M	62.36M	42.77M	42.48M	43.65M	47.05M	49.4M	51.9M	50.67M	48.33M	45.48M	41.76M	38.42M	36M	33.88M	32.76M	31.55M	30.21M	28.67M	27.14M	26.38M	25.11M	24.45M
Depreciation & Amortization	2.42M	2.1M	1.07M	1.34M	1.72M	2.3M	2.13M	2.56M	2.74M	2.5M	2.38M	2.31M	2.4M	2.62M	2.64M	2.34M	2.3M	2.21M	2.34M	2.63M	2.66M	2.56M	2.74M	2.57M	2.28M	2.29M	2.09M	2.38M	2.68M	2.81M	2.95M	2.85M	2.94M