Macatawa Bank Corporation

NASDAQ MCBC

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Macatawa Bank Corporation Income Statement 1998 - 2024

This table shows the Income Statement for Macatawa Bank Corporation going from 1998 until 2024. The income statement, also known as the profit and loss statement, is a financial statement that provides a summary of a company's revenues, expenses, and net income over a specific period (such as a quarter or a year). It shows the company's ability to generate revenue, manage expenses, and ultimately determine its profitability.
Income Statement Trend Unit 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-12-31 2002-09-30 2002-06-30 2002-03-31 2001-12-31 2001-09-30 2001-06-30 2001-03-31 2000-12-31 2000-09-30 2000-06-30 2000-03-31 1999-12-31 1999-09-30 1999-06-30 1999-03-31 1998-12-31 1998-09-30 1998-06-30
Revenue
M 34 34 30 25 27 14 24 20 17 18 20 20 21 24 20 21 20 21 21 21 20 20 19 19 18 18 17 17 17 17 17 16 16 16 15 15 14 15 14 14 14 14 14 14 14 15 18 15 15 15 15 15 15 17 16 19 16 17 17 18 18 17 19 20 20 19 20 20 20 21 21 21 20 20 20 19 18 17 16 15 14 13 14 13 12 12 12 11 7 7 7 6 6 5 5 5 4 4 3 3 2 2 1 1
Cost of Revenue
M 5 - - -2 - - - - - 0 - - - - - - - - - - - 4 3 2 2 2 1 1 1 1 1 1 1 -1 1 1 0 1 1 0 0 1 0 1 1 2 1 1 0 3 2 2 3 5 7 9 28 31 32 32 23 27 16 33 19 29 23 20 20 24 18 17 15 13 13 11 9 9 11 8 7 7 6 6 7 7 7 7 5 5 6 6 6 6 5 5 4 3 3 2 2 2 1 0
Gross Profit
M 29 34 30 25 27 14 24 20 17 18 20 20 21 24 20 21 20 21 21 21 20 20 19 19 18 18 17 17 17 17 17 16 16 16 15 15 14 15 14 14 14 14 14 14 14 15 18 15 15 15 15 15 15 17 16 19 16 17 17 18 18 17 19 20 20 19 20 20 20 21 21 21 20 20 20 19 18 17 16 15 14 13 14 13 12 12 12 11 7 7 7 6 6 5 5 5 4 1 1 1 1 0 0 0
Operating Expenses
M 17 81 16 13 7 -4 11 11 9 10 10 10 10 12 11 10 10 8 7 8 8 8 8 8 9 10 9 9 9 10 9 9 10 10 10 9 9 10 9 8 9 9 9 8 9 10 9 10 8 11 11 9 10 11 9 9 30 28 27 31 13 44 3 3 0 5 -3 -6 -6 -2 -6 -4 -2 -1 0 1 3 3 6 4 4 4 4 3 2 2 1 1 1 0 -1 -1 -1 -1 -1 -1 0 0 0 1 1 1 1 1
Selling, General, and Administrative Expenses (SG&A)
M 7 9 7 7 8 4 8 8 7 6 7 8 8 7 7 6 8 6 7 7 6 6 7 7 7 7 7 7 7 6 7 7 7 6 7 7 7 6 7 7 6 6 6 7 6 6 8 9 9 16 7 10 9 9 10 10 10 16 10 9 9 6 7 7 7 7 6 6 6 6 6 6 6 6 6 5 5 5 5 5 4 4 4 4 4 4 4 3 2 2 2 2 2 2 2 2 2 3 3 3 2 2 2 2
Research and Development (R&D) Expenses
M - - - - - - - - - - - - - - - - - - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - -
Other Operating Expenses
M - - - - - - - - - - - - - - - - - - - - - 2 1 1 2 3 2 2 2 4 2 2 3 3 2 2 2 4 2 2 3 3 3 2 3 4 1 0 -1 -5 4 -1 1 2 0 0 20 13 17 22 4 38 -4 -4 -7 -2 -10 -12 -12 -8 -12 -10 -8 -7 -6 -4 -3 -2 1 -1 -1 -1 -1 -1 -2 -2 -2 -2 -2 -2 -3 -3 -3 -3 -3 -2 -2 - - - - - - -
Costs and Expenses
M 0 - - 2 - - - - - -24 - - - - - - - - - - - -26 -2 -2 -2 20 -1 -1 -1 22 -1 0 -1 23 -1 -1 0 20 0 0 0 20 0 -1 -1 -27 -1 -1 0 -27 -2 -1 -3 -35 -6 -8 -27 -2 -32 -32 -23 -6 -16 -32 -19 -34 -23 -20 -19 -23 -18 -16 -14 -12 -12 -10 -9 -12 -10 -7 -7 6 -6 -9 -9 -9 -8 -8 -6 -6 -5 -5 -5 -4 -4 -4 -4 3 3 3 2 2 2 2
Operating Income
M 12 -47 14 13 20 18 14 9 8 8 9 10 10 12 10 11 10 13 13 13 13 12 11 10 9 8 9 8 8 7 7 7 6 6 6 6 5 5 5 5 5 5 5 6 6 4 9 6 7 4 4 6 6 6 7 10 -13 -11 -10 -13 5 -27 16 17 20 14 23 26 26 22 27 24 22 21 20 18 15 14 10 11 10 10 10 10 10 10 10 10 7 7 7 7 7 7 6 5 4 0 0 0 0 0 -1 -1
Interest Expense
M 8 0 8 6 5 3 1 1 0 1 1 1 1 1 1 1 2 3 3 3 3 3 3 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 3 3 3 3 4 4 5 6 7 8 9 10 11 12 13 14 14 17 19 20 19 19 19 18 16 14 13 12 10 8 8 7 6 6 6 5 6 6 6 6 6 4 5 5 5 5 5 5 4 4 3 3 2 2 2 1 0
Non-operating Income/Expense
M 12 12 14 13 -5 -3 -1 -1 0 -1 -1 -1 -1 -1 -1 -1 -2 -3 -3 -3 -3 -3 -3 -2 -2 -2 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -1 -2 -2 -2 -2 -2 -2 -3 -3 -3 -3 -4 -4 -5 -6 -7 -8 -9 -10 -11 -12 -13 -14 -14 -17 -19 -20 -19 -19 -19 -18 -16 -14 -13 -12 -10 -8 -8 -7 -6 -6 -6 -5 -6 -6 -6 -6 -6 -4 -5 -5 -5 -5 -5 -5 0 0 - - - - - - -
EBT
M 12 12 14 13 15 15 13 8 7 8 9 10 10 11 9 9 8 10 10 10 9 9 8 8 7 7 7 7 6 6 6 5 5 5 5 5 4 3 4 4 4 3 3 4 4 2 7 3 4 1 1 2 1 1 1 3 -21 -21 -20 -24 -7 -40 3 3 3 -4 3 7 7 4 9 8 8 8 8 8 7 7 3 5 4 4 5 4 4 4 4 3 2 2 2 2 2 2 1 1 1 0 0 0 0 0 -1 -1
Income Tax Provision
M 2 2 3 2 3 3 2 1 1 1 2 2 2 2 2 2 1 2 2 2 2 2 2 1 1 4 2 2 2 2 1 2 1 2 1 1 1 1 1 1 1 1 1 1 1 -19 0 0 0 0 0 0 0 1 -1 1 -11 -11 -1 6 -3 -5 1 1 1 -2 1 2 2 1 3 3 3 3 3 3 2 2 1 2 1 1 2 1 1 1 1 1 1 1 1 1 1 1 0 4 4 3 3 2 2 2 1 0
Income after Tax
M 10 9 11 10 12 12 10 7 6 6 7 8 8 9 7 8 6 8 8 8 8 7 7 7 6 2 5 5 4 4 5 4 3 4 3 3 3 2 3 3 3 2 2 3 2 21 7 3 4 1 1 2 1 0 2 2 -10 -9 -20 -30 -4 -35 2 2 2 -3 2 5 5 3 6 6 5 6 6 5 5 4 2 3 3 3 3 3 3 3 3 2 2 1 1 1 1 1 1 -3 -3 -3 -2 -2 -2 -2 -2 -1
Non-Controlling Interest
M - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18 0 0 0 0 0 0 0 -1 0 0 -1 -1 -1 -2 0 0 0 0 0 2 -2 2 -2 -7 -2 -5 -5 -3 -6 -6 -5 -6 -6 -5 -5 -4 -2 -3 -3 -3 -3 -3 -3 -3 -3 -2 -2 -1 -1 -1 -1 -1 -1 -1 -1 - - - - - - -
Net Income
M - - - 10 12 12 10 7 6 6 7 8 8 9 7 8 6 8 8 8 8 7 7 7 6 2 5 5 4 4 5 4 3 4 3 3 3 2 3 3 3 -15 2 3 2 21 7 3 4 1 1 2 1 1 1 2 0 0 0 0 0 -2 2 -2 2 7 2 5 5 3 6 6 5 6 6 5 5 4 2 3 3 3 3 3 3 3 3 2 2 1 1 1 1 1 1 1 1 - - - - - - -
Shares (Basic, Weighted)
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Diluted, Weighted)
R 34,361,562.00 34,301,650.00 34,291,487.00 34,292,179.00 34,297,221.00 34,277,839.00 34,251,792.00 34,253,846.00 34,254,772.00 34,229,664.00 34,190,264.00 34,193,016.00 34,195,526.00 34,154,820.00 34,109,901.00 34,108,982.00 34,106,719.00 34,080,275.00 34,060,796.00 34,042,886.00 34,040,380.00 34,031,454.00 34,014,319.00 34,016,679.00 34,011,592.00 33,965,344.00 33,947,269.00 33,948,127.00 33,948,584.00 33,923,371.00 33,921,599.00 33,922,506.00 33,925,113.00 33,891,429.00 33,866,789.00 33,866,789.00 33,866,789.00 33,837,334.00 33,795,384.00 33,788,431.00 33,790,542.00 27,276,722.00 27,261,325.00 27,260,748.00 27,211,603.00 27,098,608.00 27,082,825.00 27,082,825.00 27,082,825.00 27,082,825.00 27,082,823.00 27,083,823.00 17,679,621.00 17,679,621.00 17,677,284.00 17,692,231.00 17,696,922.00 17,696,922.00 17,669,440.00 17,260,269.00 17,162,237.00 17,162,237.00 16,998,434.00 17,015,207.00 17,414,286.00 17,414,286.00 17,550,000.00 17,653,846.00 18,131,250.00 18,131,250.00 18,027,000.00 18,314,545.00 16,986,435.00 16,986,435.00 17,235,945.00 19,601,636.00 16,831,033.00 19,166,044.00 19,163,025.00 17,198,553.00 17,884,764.00 17,342,801.00 16,990,317.00 16,728,343.00 17,854,129.00 17,329,008.00 35,601,232.00 16,990,891.00 12,227,615.00 12,227,615.00 11,780,467.00 19,151,959.00 8,452,820.00 8,171,059.00 8,194,617.00 8,040,069.00 7,992,667.00 7,880,000.00 8,060,000.00 5,570,000.00 5,470,000.00 5,520,000.00 5,470,000.00 5,250,000.00
EBITDA
M 12 20 14 13 20 18 14 9 9 9 10 11 11 12 11 12 11 13 14 14 13 12 12 11 9 9 9 9 8 8 8 7 7 7 7 7 6 5 6 6 6 6 6 6 6 5 10 6 8 5 5 7 6 6 8 10 -12 -10 -9 -12 6 -26 17 18 21 15 24 27 27 23 27 25 22 22 21 18 16 15 10 12 11 10 11 11 11 11 11 10 7 7 8 8 7 7 6 5 4 4 3 2 2 1 0 0
Depreciation and Amortization
M 0 2 0 0 0 0 0 0 1 1 1 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBIT
M 12 18 14 13 20 18 14 9 8 8 9 10 10 12 10 11 10 13 13 13 13 12 11 10 9 8 9 8 8 7 7 7 6 6 6 6 5 5 5 5 5 5 5 6 6 4 9 6 7 4 4 6 6 6 7 10 -13 -11 -10 -13 5 -27 16 17 20 14 23 26 26 22 27 24 22 21 20 18 15 14 10 11 10 10 10 10 10 10 10 10 7 7 7 7 7 7 6 5 4 3 3 2 2 1 0 0
Income from Discontinued Operations
M - - - - - - - - - - - - - - - - - - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - -
Tax Rate (Effective)
% 19.35 19.27 19.75 19.35 19.86 19.64 19.85 18.52 18.82 18.05 19.42 19.05 18.50 16.84 18.47 18.72 18.23 19.26 18.75 19.32 18.31 19.84 18.64 17.57 17.55 67.13 30.67 30.90 30.59 30.49 22.67 30.96 28.60 30.61 30.43 30.64 30.48 29.30 30.39 30.88 30.84 30.01 30.35 31.48 31.59 -793.69 4.01 0.00 0.00 0.00 0.00 0.00 0.00 156.05 -185.35 42.71 53.86 55.29 2.93 -25.27 39.90 13.09 25.46 27.66 28.48 40.70 29.68 32.35 32.21 27.68 32.02 32.05 32.38 31.64 32.41 32.27 31.86 32.29 30.55 32.38 31.89 31.81 33.01 33.29 33.70 32.93 32.97 32.76 32.53 32.75 32.57 32.62 33.34 33.39 15.38 521.09 677.17 700.00 850.00 5,475.00 -2,500.00 -397.44 -161.54 -48.91
Earnings Per Share (EPS), Basic
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Earnings Per Share (EPS), Diluted
M - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - -
Gross Profit Margin
% 86.19 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.78 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 20.54 22.73 22.61 22.91 19.27 23.36 43.75
Operating Income Margin
% 35.99 -135.88 47.74 50.42 73.35 129.20 56.22 44.22 45.60 44.54 48.52 51.31 50.01 49.64 48.44 51.94 50.45 62.04 64.16 63.71 61.57 58.17 56.80 55.19 50.16 46.39 49.26 47.95 46.37 41.48 43.41 42.94 38.47 39.76 38.21 39.91 38.28 31.35 38.49 39.43 37.98 34.72 35.58 40.25 38.52 29.89 51.32 37.62 48.71 27.86 28.85 39.67 36.30 33.56 41.51 51.04 -80.21 -66.84 -60.27 -74.56 30.00 -154.09 85.84 84.96 101.67 75.14 116.03 128.39 131.37 107.58 128.90 118.38 110.98 105.47 100.53 93.55 85.68 82.54 61.54 71.89 73.93 73.57 72.94 78.76 84.25 82.97 90.24 92.07 92.73 94.96 112.70 119.81 125.20 128.24 120.24 111.21 103.87 11.35 9.09 1.41 -3.08 -20.31 -47.45 -115.00
Net Income Margin
% - - - 40.67 44.86 88.63 41.41 33.57 34.77 34.21 36.84 38.63 37.66 38.14 34.90 36.54 32.24 39.36 39.41 38.62 37.58 35.16 35.55 35.89 32.74 12.24 28.19 27.75 26.89 23.95 27.86 24.04 21.81 22.16 20.70 21.29 19.97 15.67 19.91 20.28 18.87 -107.82 15.90 18.57 17.12 143.68 36.59 20.79 29.92 7.20 6.82 15.59 8.45 4.97 4.35 9.13 0.00 0.00 0.00 0.00 0.00 -10.72 9.86 -12.10 12.38 35.86 12.36 22.55 24.43 13.62 29.19 27.93 26.77 28.11 28.10 27.91 25.89 25.90 13.32 21.84 20.93 22.18 22.31 23.11 23.59 23.34 23.69 22.35 21.24 20.59 20.46 19.94 19.28 19.98 19.54 17.90 13.37 - - - - - - -
EBITDA Ratio
% 35.99 57.37 47.74 50.42 73.95 129.67 57.41 46.61 49.87 49.27 52.20 54.50 52.42 51.83 51.62 55.47 54.07 64.62 65.84 67.07 64.68 61.50 60.10 59.05 53.20 51.13 51.93 50.49 49.61 45.31 47.92 47.71 42.59 44.78 42.38 45.46 43.09 36.09 44.83 45.20 43.51 40.39 41.33 44.90 44.06 35.29 55.52 42.27 53.41 33.22 33.83 44.60 41.42 38.06 46.45 53.69 -74.78 -61.44 -54.77 -69.32 35.14 -148.50 91.00 89.72 106.57 80.54 120.81 132.94 135.40 111.52 133.07 122.55 115.30 109.73 104.04 97.57 90.30 86.94 65.93 76.81 79.50 77.57 77.43 85.36 90.23 88.02 96.03 98.44 98.32 101.41 118.29 125.28 130.73 134.49 126.82 118.49 110.19 97.03 92.42 84.81 80.18 66.15 35.04 -52.50
EBIT Ratio
% 34.58 52.03 47.66 50.10 73.35 129.20 56.22 44.22 45.60 44.54 48.52 51.31 50.01 49.64 48.44 51.94 50.45 62.04 64.16 63.71 61.57 58.17 56.80 55.19 50.16 46.39 49.26 47.95 46.37 41.48 43.41 42.94 38.47 39.76 38.21 39.91 38.28 31.35 38.49 39.43 37.98 34.72 35.58 40.25 38.52 29.89 51.32 37.62 48.71 27.86 28.85 39.67 36.30 33.56 41.51 51.04 -80.21 -66.84 -60.27 -74.56 30.00 -154.09 85.84 84.96 101.67 75.14 116.03 128.39 131.37 107.58 128.90 118.38 110.98 105.47 100.53 93.55 85.68 82.54 61.54 71.89 73.93 73.57 72.94 78.76 84.25 82.97 90.24 92.07 92.73 94.96 112.70 119.81 125.20 128.24 120.24 111.21 103.87 90.81 86.36 78.80 74.01 60.42 29.20 -58.75
EBT Ratio
% 35.99 34.27 47.74 50.42 55.98 110.28 51.67 41.19 42.83 41.74 45.73 47.72 46.21 45.87 42.81 44.96 39.43 48.74 48.50 47.87 46.00 43.86 43.70 43.54 39.71 37.23 40.66 40.16 38.74 34.46 36.02 34.82 30.55 31.94 29.76 30.69 28.73 22.16 28.61 29.33 27.29 22.43 22.83 27.10 25.02 16.08 38.12 20.79 29.92 7.20 6.82 15.59 8.45 4.97 4.35 15.94 -128.15 -121.71 -121.72 -137.74 -38.04 -231.04 13.23 14.90 17.30 -23.19 17.59 33.33 36.03 18.83 42.94 41.11 39.59 41.12 41.57 41.20 37.99 38.25 19.19 32.30 30.74 32.53 33.32 34.64 35.57 34.80 35.35 33.24 31.49 30.61 30.36 29.58 28.93 29.98 23.10 17.90 13.37 11.35 9.09 1.41 -3.08 -20.31 -47.45 -115.00

StockViz Staff

September 19, 2024

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