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Macatawa Bank Corporation (MCBC)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Macatawa Bank Corporation Income Statement 2023-2009 | MCBC
Brief overview of profit and loss at Macatawa Bank Corporation
The comparison covers a five-year financial horizon. According to figures from Macatawa Bank Corporation, revenue changed from 59.1 million dollars to 84.1 million dollars over five years. The five-year change reached +42.4%, while CAGR stood at 7.3%. This represents moderate business growth.
The net result moved from $12.8 million to $9 million, or −29.7%. The business generated less net income by the end of the period.
Over the period, capitalization shifted from $171 million to $275 million (+60.9%). Capitalization rose despite deteriorating fundamentals.
Financial takeaway
The financial profile remains mixed, with strengths and risks moving in different directions. The financial profile benefits from a larger revenue base. The most visible risks are a weaker final result. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Macatawa Bank Corporation
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
355 M | 369 M | 309 M | 275 M | 337 M | 303 M | 314 M | 304 M | 171 M | 151 M | 120 M | 105 M | 51.1 M | - | - |
Shares |
34.3 M | 34.3 M | 34.2 M | 34.1 M | 34.1 M | 34 M | 33.9 M | 33.9 M | 33.9 M | 33.8 M | 27.2 M | 27.1 M | 22.7 M | 17.7 M | - |
Historical Prices |
10.3 | 10.8 | 9.04 | 8.06 | 9.89 | 8.91 | 9.25 | 8.97 | 5.05 | 4.46 | 4.43 | 3.89 | 2.25 | - | - |
Net Income |
9.5 M | 12.1 M | 6.22 M | 9 M | 8.17 M | 7.04 M | 2.19 M | 4.11 M | 12.8 M | 10.5 M | 9.55 M | 35.5 M | 5.83 M | -17.9 M | - |
Revenue |
- | - | - | 84.1 M | 81.8 M | 75.9 M | 68.5 M | 65 M | 59.1 M | 55.5 M | 54.3 M | 56.6 M | 61.2 M | - | - |
Cost of Revenue |
28.6 M | 26.2 M | 25.2 M | 25.5 M | 24.7 M | 25.2 M | 24.8 M | 24.9 M | 24.7 M | 23.1 M | 23 M | 23 M | 22.2 M | 21.9 M | - |
Gross Profit |
- | - | - | 6.19 M | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
26.4 M | 4.76 M | 2.56 M | 5.69 M | 12.5 M | 9.41 M | 5.73 M | 4.96 M | 5.31 M | 5.6 M | 7.34 M | 9.81 M | 14.5 M | 25.4 M | - |
EBITDA |
316 K | 1.56 M | 2.72 M | 2.62 M | 2.21 M | 2.56 M | 2.28 M | 2.8 M | 2.97 M | 3.14 M | 3.07 M | 2.97 M | 3.12 M | 2.96 M | - |
Operating Expenses |
- | - | - | 54 M | 56 M | 54 M | 48 M | 49 M | 49 M | 48 M | 51 M | 56 M | 70 M | - | - |
General and Administrative Expenses |
- | - | - | 29.7 M | 28.3 M | 29.2 M | 28.6 M | 29 M | 28.9 M | 27.4 M | 26.6 M | 27.4 M | 36.9 M | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Macatawa Bank Corporation
| 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
34.4 M | 34.4 M | 34.3 M | 34.3 M | 34.3 M | 34.3 M | 34.3 M | 34.3 M | 34.3 M | 34.3 M | 34.2 M | 34.2 M | 34.2 M | 34.2 M | 34.1 M | 34.1 M | 34.1 M | 34.1 M | 34.1 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.9 M | 33.8 M | 33.8 M | 33.8 M | 33.8 M | 27.3 M | 27.3 M | 27.2 M | 27.2 M | 27.1 M | 27.1 M | 27.1 M | 27.1 M | 27.1 M | 19 M | 27.1 M |
Net Income |
9.79 M | - | 11.4 M | 10.3 M | 12 M | - | 10 M | 6.57 M | 6 M | 6.22 M | 7.2 M | 7.82 M | 7.78 M | 9 M | 7.12 M | 7.64 M | 6.41 M | 8.17 M | 8.16 M | 8 M | 7.65 M | 7.04 M | 6.85 M | 6.73 M | 5.76 M | 2.19 M | 4.88 M | 4.76 M | 4.46 M | 4.11 M | 4.6 M | 3.74 M | 3.5 M | 3.54 M | 3.2 M | 3.22 M | 2.84 M | 2.32 M | 2.76 M | 2.76 M | 2.64 M | 2.23 M | 2.24 M | 2.6 M | 2.47 M | 21.2 M | 6.58 M | 3.19 M | 4.48 M | 1.08 M | 1.05 M | 2.4 M | 1.29 M |
Cost of Revenue |
6.95 M | - | 6.95 M | 6.84 M | 6.7 M | - | 6.64 M | 6.4 M | 6.29 M | - | 6.28 M | 6.5 M | 6.41 M | - | 6.48 M | 5.77 M | 6.69 M | - | 6.27 M | 6.38 M | 6.24 M | - | 6.36 M | 6.39 M | 6.19 M | - | 6.21 M | 6.15 M | 6 M | - | 6.17 M | 6.17 M | 6.19 M | - | 6.16 M | 6.13 M | 6.18 M | - | 5.81 M | 5.54 M | 5.82 M | - | 5.83 M | 5.73 M | 5.79 M | - | 5.62 M | 5.72 M | 5.72 M | - | 5.67 M | 5.6 M | 5.35 M |
Interest Expense |
8.35 M | - | 7.54 M | 5.97 M | 4.65 M | - | 1.1 M | 592 K | 478 K | 12.8 M | 546 K | 727 K | 784 K | 16.5 M | 1.15 M | 1.46 M | 2.19 M | 15.7 M | 3.24 M | 3.28 M | 3.17 M | 15.6 M | 2.52 M | 2.18 M | 1.84 M | 13.5 M | 1.49 M | 1.34 M | 1.26 M | 12.3 M | 1.22 M | 1.26 M | 1.27 M | 11.5 M | 1.31 M | 1.39 M | 1.36 M | 10.5 M | 1.37 M | 1.37 M | 1.5 M | 10.2 M | 1.8 M | 1.84 M | 1.95 M | 11 M | 2.38 M | 2.58 M | 2.82 M | 11.4 M | 3.4 M | 3.71 M | 4.26 M |
EBITDA |
477 K | - | 266 K | 242 K | 160 K | - | 1.49 M | 1.2 M | 737 K | - | 1.86 M | 1.14 M | 498 K | - | 2.1 M | 1.46 M | 721 K | - | 1.68 M | 1.33 M | 632 K | - | 1.89 M | 1.26 M | 534 K | - | 1.44 M | 973 K | 537 K | - | 2.15 M | 1.4 M | 659 K | - | 2.17 M | 1.52 M | 684 K | - | 2.44 M | 1.56 M | 774 K | - | 2.26 M | 1.45 M | 800 K | - | 2.17 M | 1.42 M | 704 K | - | 2.31 M | 1.54 M | 781 K |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Macatawa Bank Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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