Macatawa Bank Corporation
MCBC · NASDAQ
3/31/2024 | 12/31/2023 | 9/30/2023 | 6/30/2023 | |
|---|---|---|---|---|
| Revenue | $33,737 | $34,322 | $29,787 | $25,357 |
| % Growth | -1.7% | 15.2% | 17.5% | – |
| Cost of Goods Sold | $4,660 | $0 | $0 | $0 |
| Gross Profit | $29,077 | $34,322 | $29,787 | $25,357 |
| % Margin | 86.2% | 100% | 100% | 100% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $7,402 | $8,584 | $7,402 | $7,295 |
| SG&A Expenses | $7,613 | $8,739 | $7,627 | $7,500 |
| Sales & Mktg Exp. | $211 | $155 | $225 | $205 |
| Other Operating Expenses | -$4,234 | -$3,832 | -$3,766 | -$3,668 |
| Operating Expenses | $4,234 | $3,832 | $225 | $205 |
| Operating Income | $12,142 | -$46,636 | $14,221 | $12,786 |
| % Margin | 36% | -135.9% | 47.7% | 50.4% |
| Other Income/Exp. Net | -$330 | $58,397 | -$330 | -$330 |
| Pre-Tax Income | $12,142 | $11,761 | $14,221 | $12,786 |
| Tax Expense | $2,349 | $2,266 | $2,808 | $2,474 |
| Net Income | $9,793 | $9,495 | $11,413 | $10,312 |
| % Margin | 29% | 27.7% | 38.3% | 40.7% |
| EPS | 0.28 | 0.28 | 0.33 | 0.3 |
| % Growth | 0% | -15.2% | 10% | – |
| EPS Diluted | 0.28 | 0.28 | 0.33 | 0.3 |
| Weighted Avg Shares Out | 34,362 | 34,326 | 34,291 | 34,292 |
| Weighted Avg Shares Out Dil | 34,362 | 34,326 | 34,291 | 34,292 |
| Supplemental Information | – | – | – | – |
| Interest Income | $29,077 | $29,637 | $4,616 | $27,120 |
| Interest Expense | $8,350 | $160 | $7,543 | $5,974 |
| Depreciation & Amortization | $477 | $1,834 | $24 | $82 |
| EBITDA | $12,142 | -$32,881 | $14,221 | $12,786 |
| % Margin | 36% | -95.8% | 47.7% | 50.4% |