Morris State Bancshares, Inc.

MBLU · OTC
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12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue$59,367$77,170$66,734$63,002
% Growth-23.1%15.6%5.9%
Cost of Goods Sold$0$21,208$11,379$5,903
Gross Profit$59,367$55,962$55,355$57,099
% Margin100%72.5%82.9%90.6%
R&D Expenses$0$0$0$0
G&A Expenses$22,604$20,836$19,121$21,544
SG&A Expenses$24,181$22,339$19,121$22,255
Sales & Mktg Exp.$1,577$1,503$0$711
Other Operating Expenses$0$12,142$14,114$8,616
Operating Expenses$24,181$34,481$33,235$30,871
Operating Income$35,186$21,535$22,120$26,228
% Margin59.3%27.9%33.1%41.6%
Other Income/Exp. Net-$12,171-$54$0$0
Pre-Tax Income$23,015$21,481$22,120$26,228
Tax Expense$1,211$2,149$1,011$2,264
Net Income$21,804$19,332$21,109$23,964
% Margin36.7%25.1%31.6%38%
EPS2.061.8322.28
% Growth12.6%-8.5%-12.3%
EPS Diluted2.061.8322.28
Weighted Avg Shares Out10,60310,58010,57510,512
Weighted Avg Shares Out Dil10,60310,58010,57510,512
Supplemental Information
Interest Income$0$72,360$61,533$58,163
Interest Expense$0$20,749$6,279$3,903
Depreciation & Amortization$0$1,592$1,644$1,581
EBITDA$23,015$23,073$23,763$27,809
% Margin38.8%29.9%35.6%44.1%