Macatawa Bank Corporation
MCBC · NASDAQ
12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |
|---|---|---|---|---|
| Revenue | $132,252 | $13,673 | $79,764 | $85,513 |
| % Growth | 867.2% | -82.9% | -6.7% | – |
| Cost of Goods Sold | $113,811 | $0 | $0 | $0 |
| Gross Profit | $18,441 | $13,673 | $79,764 | $85,513 |
| % Margin | 13.9% | 100% | 100% | 100% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $30,430 | $27,501 | $26,413 | $29,705 |
| SG&A Expenses | $31,233 | $28,304 | $27,136 | $30,596 |
| Sales & Mktg Exp. | $803 | $803 | $723 | $891 |
| Other Operating Expenses | -$14,564 | -$13,824 | -$70,005 | -$74,655 |
| Operating Expenses | $14,564 | $803 | -$44,040 | -$48,725 |
| Operating Income | $53,747 | $47,824 | $35,724 | $36,788 |
| % Margin | 40.6% | 349.8% | 44.8% | 43% |
| Other Income/Exp. Net | -$1,320 | -$789 | -$749 | -$515 |
| Pre-Tax Income | $53,747 | $43,064 | $35,724 | $36,788 |
| Tax Expense | $10,523 | $8,333 | $6,710 | $6,623 |
| Net Income | $43,224 | $34,731 | $29,014 | $30,165 |
| % Margin | 32.7% | 254% | 36.4% | 35.3% |
| EPS | 1.26 | 1.01 | 0.85 | 0.88 |
| % Growth | 24.8% | 18.8% | -3.4% | – |
| EPS Diluted | 1.26 | 1.01 | 0.85 | 0.88 |
| Weighted Avg Shares Out | 34,362 | 34,260 | 34,202 | 34,120 |
| Weighted Avg Shares Out Dil | 34,362 | 34,260 | 34,202 | 34,120 |
| Supplemental Information | – | – | – | – |
| Interest Income | $113,811 | $74,906 | $58,634 | $67,224 |
| Interest Expense | $634 | $4,760 | $2,565 | $5,687 |
| Depreciation & Amortization | $2,100 | $2,300 | $2,500 | $2,437 |
| EBITDA | $53,747 | $49,382 | $38,448 | $39,409 |
| % Margin | 40.6% | 361.2% | 48.2% | 46.1% |