Macatawa Bank Annual Income Statement (NASDAQ:MCBC)

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$9.94 $0.06 (0.6%) MCBC stock closing price Jan 20, 2017 (Closing)

Looking at financial statements, along with the Macatawa Bank stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement for MCBC which implies a YoY revenue growth of $3.97M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The operating expenses (also check: Macatawa Bank assets and Macatawa Bank free cash flow) as shown in the Macatawa Bank profit and loss statement 2015 total to $45.66M. This line item has increased from $45.13M compared with last year. Macatawa Bank revenue for 2015 is $67.17M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Macatawa Bank Net Sales or Revenues
Cost Of Goods Sold (COGS)2.21M2.57M3.99M5.72M9.27M17.29M30.8M41.31M58.95M53.59M
Macatawa Bank Gross Profit
Research & Development Expense----------
Selling General & Admin Expense43.45M42.56M43.6M46.18M55.36M85.14M141.73M95.86M66M52.62M
Income Before Depreciation Depletion Amortization21.51M18.06M17.16M21M11.03M-8.4M-59.95M-2.96M30.5M41.45M
Depreciation Depletion Amortization-------27.63M--
Non Operating Income----------
Interest Expense3.09M3.02M3.34M4.09M5.2M8.14M12.28M16.62M17.5M12.49M
Macatawa Bank Pretax Income
Provision for Income Taxes5.62M4.57M4.27M-18.58M-1.3M-8.6M-8.37M3.73M9.13M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations12.79M10.47M9.54M35.49M5.82M-17.85M-63.64M-38.85M9.26M19.83M
Extraordinary Items & Discontinued Operations----------
Macatawa Bank Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS33.87M33.78M27.16M27.09M22.74M17.68M17.45M16.95M17.14M17.04M
Average Shares used to compute Basic EPS33.87M33.78M27.16M27.09M22.74M17.68M17.45M16.95M17.14M17.04M
Income Before Nonrecurring Items12.79M10.47M9.55M16.59M5.83M-17.85M-59.99M-10.97M9.08M22.89M
Income from Nonrecurring Items---18.9M---3.65M-27.88M--
Macatawa Bank Earnings Per Share Basic Net
Macatawa Bank Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.380.31-0.290.610.26-1.01-3.60-0.690.531.31
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.110.08-----0.260.510.42
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Macatawa Bank stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Macatawa Bank revenue chart) implies that the company is growing, which has been the case with Macatawa Bank. One must stay away from stocks whose revenues are declining.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $12.79M for Macatawa Bank for 2015. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Macatawa Bank historical stock prices to check how the price has moved with time. .

Macatawa Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield