Macatawa Bank Income Statement - Quarterly (NASDAQ:MCBC)

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$10.09 $0.3 (3.06%) MCBC stock closing price Apr 24, 2017 (Closing)

Financial analysis of Macatawa Bank involves more than just checking the Macatawa Bank stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $18.2M to $18.35M and how operating and non operating activities have impacted the MCBC stock. The operating expenses (also check: Macatawa Bank assets and Macatawa Bank free cash flow) as shown in the Macatawa Bank profit and loss statement 2016-Q4 total to $11.69M. This line item has increased from $11.45M compared with last quarter. View details of revenue and profits for Macatawa Bank for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Macatawa Bank Net Sales or Revenues
18.35M18.2M17.41M17.62M17.21M16.91M16.75M16.31M16.15M15.98M
Cost Of Goods Sold (COGS)0.45M0.43M0.43M0.46M0.47M0.52M0.61M0.61M0.6M0.61M
Macatawa Bank Gross Profit
17.92M17.76M16.97M17.15M16.75M16.39M16.14M15.68M15.55M15.36M
Research & Development Expense----------
Selling General & Admin Expense11.24M11.02M10.72M11.45M10.87M11M10.72M10.86M11.54M10.63M
Income Before Depreciation Depletion Amortization6.67M6.74M6.25M5.7M5.9M5.38M5.41M4.82M4.04M4.72M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense0.78M0.78M0.82M0.8M0.79M0.78M0.78M0.74M0.77M0.75M
Macatawa Bank Pretax Income
5.92M5.95M5.42M4.89M5.11M4.6M4.63M4.08M3.29M3.96M
Provision for Income Taxes1.81M1.35M1.67M1.4M1.56M1.4M1.42M1.24M0.97M1.2M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations4.11M4.6M3.75M3.5M3.54M3.2M3.22M2.84M2.32M2.76M
Extraordinary Items & Discontinued Operations----------
Macatawa Bank Net Income (Profit/Loss)
4.11M4.6M3.75M3.5M3.54M3.2M3.22M2.84M2.32M2.76M
Average Shares used to compute Diluted EPS33.92M33.92M33.92M33.93M33.89M33.87M33.87M33.87M33.1M34.53M
Average Shares used to compute Basic EPS33.92M33.92M33.92M33.93M33.89M33.87M33.87M33.87M33.1M34.53M
Income Before Nonrecurring Items4.11M4.6M3.75M3.5M3.54M3.2M3.22M2.84M2.32M2.76M
Income from Nonrecurring Items----------
Macatawa Bank Earnings Per Share Basic Net
0.120.140.110.100.100.090.090.080.070.08
Macatawa Bank Earnings Per Share Diluted Net
0.120.140.110.100.100.090.090.080.070.08
EPS Diluted Before Nonrecurring Items0.120.140.110.100.100.090.090.080.070.08
Preferred Dividends Acc Pd----------
Dividends Common1.021.02--------
Dividend Per Share Common0.030.030.030.030.030.030.030.020.020.02
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:
  • 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 QoQ or YoY topline growth of MCBC stock with its peers like FMNB stock and OSBC stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: Most businesses like Macatawa Bank try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called statement of revenue and expense. The financials along with Macatawa Bank historical stock prices provides a lot of details about the firm. .

Macatawa Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
21.4680
PS ratio (
price sales ratio
)
4.7814
Operating margin
36.3
Net profit margin
22.4
Dividend yield
1.19%