Macatawa Bank Revenue, Profits - MCBC Annual Income Statement

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$10.62 $0.05 (0.47%) MCBC stock closing price Apr 20, 2018 (Closing)

MCBC stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Macatawa Bank stock price. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. Like any other income statement, the MCBC income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 4.92% when compared to the same period in the past. The Macatawa Bank profit and loss statement for 2017 shows a net profit of $16.29M. Profits for last year was $15.95M. Apart from this an investor should also check Macatawa Bank assets and Macatawa Bank free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Macatawa Bank Revenues or Net Sales
75.09M71.57M67.17M63.2M64.76M72.9M75.67M94.02M112.57M134.21M
Cost Of Goods Sold (COGS)2.61M1.77M2.21M2.57M3.99M5.72M9.27M17.29M30.8M41.31M
Macatawa Bank Gross Profit
72.48M69.8M64.96M60.62M60.76M67.18M66.39M76.73M81.77M92.89M
Research & Development Expense----------
Selling General & Admin Expense42.33M44.43M43.45M42.56M43.6M46.18M55.36M85.14M141.73M95.86M
Income Before Depreciation Depletion Amortization30.14M25.36M21.51M18.06M17.16M21M11.03M-8.4M-59.95M-2.96M
Depreciation Depletion Amortization---------27.63M
Non Operating Income----------
Interest Expense3.12M3.18M3.09M3.02M3.34M4.09M5.2M8.14M12.28M16.62M
Macatawa Bank Pretax Income
27.02M22.18M18.42M15.04M13.81M16.9M5.82M-16.55M-72.24M-47.22M
Provision for Income Taxes10.73M6.23M5.62M4.57M4.27M-18.58M-1.3M-8.6M-8.37M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations16.29M15.95M12.79M10.47M9.54M35.49M5.82M-17.85M-63.64M-38.85M
Extraordinary Items & Discontinued Operations----------
Macatawa Bank Profit/ Loss (Net Income)
16.29M15.95M12.79M10.47M9.54M35.49M5.82M-17.85M-63.64M-38.85M
Average Shares used to compute Diluted EPS33.95M33.92M33.87M33.78M27.16M27.09M22.74M17.68M17.45M16.95M
Average Shares used to compute Basic EPS33.95M33.92M33.87M33.78M27.16M27.09M22.74M17.68M17.45M16.95M
Income Before Nonrecurring Items18.79M15.95M12.79M10.47M9.55M16.59M5.83M-17.85M-59.99M-10.97M
Income from Nonrecurring Items-2.5M----18.9M---3.65M-27.88M
Macatawa Bank Earnings Per Share Basic Net
0.480.470.380.31-0.291.310.26-1.01-3.81-2.34
Macatawa Bank Earnings Per Share Diluted Net
-----0.29M1.31M--1.01M-3.81M-2.34M
EPS Diluted Before Nonrecurring Items0.550.470.380.31-0.290.610.26-1.01-3.60-0.69
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.180.120.110.080.000.000.000.000.000.26
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Macatawa Bank stock analysis. An investor must check the following items in an income statement:

  • Topline: A growing topline, as seen from the Macatawa Bank revenue chart, as is the case with Macatawa Bank indicates a growing business. One needs to compare the YoY topline or sales growth of MCBC stock with its peers like MOFG stock and FMNB stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MCBC stock had a healthy bottom line growth.

The income statement is also called the profit and loss statement. Apart from the MCBC 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)
22.6
PS Ratio (price sales ratio)
4.8
Operating Margin
38.3
Net Profit Margin
11.2
Dividend Yield
1.69%