Financials in USD. Standardized financial statements.
A compact view of how Macatawa Bank Corporation turns revenue into operating income and net income.
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $132.25M | $13.67M | $79.76M | $85.51M | $83.22M | $77.13M | $69.36M | $66.61M | $61.87M | $57.61M |
| Revenue Growth? | +867.2% | -82.9% | -6.7% | +2.8% | +7.9% | +11.2% | +4.1% | +7.7% | +7.4% | 0.0% |
| 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 | $83.22M | $75.93M | $69.36M | $66.61M | $61.87M | $57.61M |
| Gross Margin? | +13.9% | +100.0% | +100.0% | +100.0% | +100.0% | +98.4% | +100.0% | +100.0% | +100.0% | +100.0% |
| Operating Expenses? | $14.56M | $803,000 | -$44.04M | -$48.73M | -$43.77M | -$34.17M | -$36.61M | -$39.47M | -$38.15M | -$36.96M |
| Operating Income? | $53.75M | $47.82M | $35.72M | $36.79M | $39.44M | $41.76M | $32.76M | $27.14M | $23.73M | $20.64M |
| EBITDA? | $53.75M | $49.38M | $38.45M | $39.41M | $41.65M | $44.32M | $35.04M | $29.95M | $26.70M | $23.78M |
| Income Before Tax | $53.75M | $43.06M | $35.72M | $36.79M | $39.44M | $32.35M | $27.02M | $22.18M | $18.42M | $15.05M |
| Income Tax Expense | $10.52M | $8.33M | $6.71M | $6.62M | $7.46M | $5.97M | $10.73M | $6.23M | $5.63M | $4.57M |
| Net Income? | $43.22M | $34.73M | $29.01M | $30.16M | $31.98M | $26.38M | $16.29M | $15.95M | $12.79M | $10.47M |
| 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 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality