Macatawa Historical Income Statement

MCBC Stock

USD 13.69 0.02 0.15%

Historical analysis of Macatawa Bank income statement accounts such as Total Revenue of 66.6 M can show how well Macatawa Bank performed in making a profits. Evaluating Macatawa Bank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Macatawa Bank's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Macatawa Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Macatawa Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macatawa Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.

About Macatawa Income Statement Analysis

Macatawa Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Macatawa Bank shareholders. The income statement also shows Macatawa investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Macatawa Bank Income Statement Chart

Macatawa Bank Income Statement is one of the three primary financial statements used for reporting Macatawa's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Macatawa Bank revenue and expense. Macatawa Bank Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At present, Macatawa Bank's Selling And Marketing Expenses is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 82.4 M, whereas Interest Expense is forecasted to decline to about 602.3 K.

Selling And Marketing Expenses Total Revenue Gross Profit Operating Income

Total Revenue

Total revenue comprises all receipts Macatawa Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Macatawa Bank minus its cost of goods sold. It is profit before Macatawa Bank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Macatawa Bank operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Macatawa Bank is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Macatawa Bank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Macatawa Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macatawa Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.At present, Macatawa Bank's Selling And Marketing Expenses is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 82.4 M, whereas Interest Expense is forecasted to decline to about 602.3 K.

	2021	2022	2023	2024 (projected)
Interest Expense	2.6M	4.8M	634K	602.3K
Depreciation And Amortization	2.7M	1.6M	2.1M	2.8M

Interest Expense Depreciation And Amortization

Macatawa Bank income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Selling General Administrative	Cost Of Revenue	Income Before Tax	Total Other Income Expense Net	Net Income From Continuing Ops	Non Operating Income Net Other	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.29	0.81	0.47	0.61	0.21	0.13	0.14	0.2	-0.51	0.12	-0.25	0.7	-0.22	-0.02	0.07	-0.05	-0.07	0.03	-0.23	-0.24	-0.22	0.12	-0.07
Interest Expense	0.29		0.18	-0.05	0.54	0.03	-0.17	-0.15	-0.13	-0.62	-0.28	-0.58	0.32	-0.35	-0.46	-0.42	-0.2	-0.54	0.53	-0.41	-0.4	-0.36	0.52	-0.54
Selling And Marketing Expenses	0.81	0.18		0.6	0.47	0.39	0.55	0.55	0.6	-0.26	0.46	0.04	0.77	0.01	0.37	0.26	0.32	0.17	-0.19	0.19	0.19	0.2	-0.18	0.17
Total Revenue	0.47	-0.05	0.6		0.41	0.27	0.6	0.59	0.61	-0.11	0.51	0.18	0.55	0.26	0.5	0.64	0.5	0.57	-0.41	0.39	0.5	0.58	-0.26	0.57
Gross Profit	0.61	0.54	0.47	0.41		-0.32	0.08	0.1	0.13	-0.93	-0.07	-0.16	0.34	-0.16	-0.15	-0.03	-0.01	-0.51	0.41	-0.27	-0.31	-0.32	0.69	-0.51
Other Operating Expenses	0.21	0.03	0.39	0.27	-0.32		0.11	0.09	0.11	0.42	0.16	0.01	0.25	-0.26	0.15	0.08	-0.02	0.55	-0.41	0.28	0.16	0.29	-0.64	0.55
Operating Income	0.13	-0.17	0.55	0.6	0.08	0.11		1.0	1.0	0.24	0.84	0.4	0.57	0.63	0.88	0.61	0.85	0.49	-0.56	0.65	0.86	0.81	-0.45	0.49
Ebit	0.14	-0.15	0.55	0.59	0.1	0.09	1.0		1.0	0.22	0.84	0.4	0.57	0.63	0.87	0.6	0.84	0.46	-0.55	0.64	0.85	0.79	-0.43	0.46
Ebitda	0.2	-0.13	0.6	0.61	0.13	0.11	1.0	1.0		0.19	0.84	0.38	0.6	0.61	0.86	0.6	0.83	0.46	-0.55	0.62	0.83	0.77	-0.42	0.46
Total Operating Expenses	-0.51	-0.62	-0.26	-0.11	-0.93	0.42	0.24	0.22	0.19		0.38	0.31	-0.18	0.35	0.48	0.32	0.28	0.74	-0.7	0.49	0.59	0.6	-0.87	0.74
Net Income	0.12	-0.28	0.46	0.51	-0.07	0.16	0.84	0.84	0.84	0.38		0.18	0.38	0.7	0.9	0.75	0.92	0.57	-0.72	0.52	0.79	0.74	-0.58	0.57
Income Tax Expense	-0.25	-0.58	0.04	0.18	-0.16	0.01	0.4	0.4	0.38	0.31	0.18		-0.11	0.43	0.58	0.46	0.1	0.32	-0.47	0.55	0.52	0.48	-0.32	0.32
Selling General Administrative	0.7	0.32	0.77	0.55	0.34	0.25	0.57	0.57	0.6	-0.18	0.38	-0.11		0.14	0.3	0.23	0.28	0.22	-0.2	0.22	0.28	0.27	-0.19	0.22
Cost Of Revenue	-0.22	-0.35	0.01	0.26	-0.16	-0.26	0.63	0.63	0.61	0.35	0.7	0.43	0.14		0.8	0.83	0.68	0.41	-0.61	0.46	0.77	0.67	-0.43	0.41
Income Before Tax	-0.02	-0.46	0.37	0.5	-0.15	0.15	0.88	0.87	0.86	0.48	0.9	0.58	0.3	0.8		0.84	0.79	0.64	-0.83	0.69	0.9	0.84	-0.66	0.64
Total Other Income Expense Net	0.07	-0.42	0.26	0.64	-0.03	0.08	0.61	0.6	0.6	0.32	0.75	0.46	0.23	0.83	0.84		0.63	0.66	-0.79	0.5	0.74	0.73	-0.57	0.66
Net Income From Continuing Ops	-0.05	-0.2	0.32	0.5	-0.01	-0.02	0.85	0.84	0.83	0.28	0.92	0.1	0.28	0.68	0.79	0.63		0.48	-0.5	0.5	0.8	0.76	-0.41	0.48
Non Operating Income Net Other	-0.07	-0.54	0.17	0.57	-0.51	0.55	0.49	0.46	0.46	0.74	0.57	0.32	0.22	0.41	0.64	0.66	0.48		-0.8	0.61	0.74	0.82	-0.9	1.0
Non Recurring	0.03	0.53	-0.19	-0.41	0.41	-0.41	-0.56	-0.55	-0.55	-0.7	-0.72	-0.47	-0.2	-0.61	-0.83	-0.79	-0.5	-0.8		-0.63	-0.74	-0.73	0.85	-0.8
Tax Provision	-0.23	-0.41	0.19	0.39	-0.27	0.28	0.65	0.64	0.62	0.49	0.52	0.55	0.22	0.46	0.69	0.5	0.5	0.61	-0.63		0.73	0.72	-0.61	0.61
Net Interest Income	-0.24	-0.4	0.19	0.5	-0.31	0.16	0.86	0.85	0.83	0.59	0.79	0.52	0.28	0.77	0.9	0.74	0.8	0.74	-0.74	0.73		0.98	-0.69	0.74
Interest Income	-0.22	-0.36	0.2	0.58	-0.32	0.29	0.81	0.79	0.77	0.6	0.74	0.48	0.27	0.67	0.84	0.73	0.76	0.82	-0.73	0.72	0.98		-0.73	0.82
Reconciled Depreciation	0.12	0.52	-0.18	-0.26	0.69	-0.64	-0.45	-0.43	-0.42	-0.87	-0.58	-0.32	-0.19	-0.43	-0.66	-0.57	-0.41	-0.9	0.85	-0.61	-0.69	-0.73		-0.9
Extraordinary Items	-0.07	-0.54	0.17	0.57	-0.51	0.55	0.49	0.46	0.46	0.74	0.57	0.32	0.22	0.41	0.64	0.66	0.48	1.0	-0.8	0.61	0.74	0.82	-0.9

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Macatawa Bank Account Relationship Matchups

Macatawa Bank income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.2M	2.6M	2.7M	1.6M	2.1M	2.8M
Interest Expense	12.5M	5.7M	2.6M	4.8M	634K	602.3K
Selling And Marketing Expenses	919K	891K	723K	803K	923.5K	945.9K
Total Revenue	83.2M	85.5M	79.8M	13.7M	132.3M	66.6M
Gross Profit	83.2M	85.5M	79.8M	13.7M	18.4M	17.5M
Other Operating Expenses	43.8M	(48.7M)	(44.0M)	803K	78.5M	82.4M
Operating Income	39.4M	36.8M	35.7M	47.8M	53.7M	36.4M
Ebit	39.4M	36.8M	35.7M	47.8M	51.6M	36.3M
Ebitda	41.7M	39.4M	38.4M	49.4M	53.7M	39.1M
Total Operating Expenses	(43.8M)	(48.7M)	(44.0M)	803K	14.6M	15.3M
Net Income	32.0M	30.2M	29.0M	34.7M	43.2M	45.4M
Income Tax Expense	7.5M	6.6M	6.7M	8.3M	10.5M	11.0M
Selling General Administrative	24.9M	25.9M	26.0M	27.5M	30.4M	26.3M
Income Before Tax	39.4M	36.8M	35.7M	43.1M	53.7M	56.4M
Total Other Income Expense Net	39.4M	36.8M	35.7M	(4.8M)	53.7M	56.4M
Net Income Applicable To Common Shares	32.0M	30.2M	29.0M	34.7M	39.9M	41.9M
Net Income From Continuing Ops	32.0M	30.2M	29.0M	34.7M	43.2M	25.5M
Tax Provision	7.5M	6.6M	6.7M	8.3M	10.5M	8.3M
Net Interest Income	63.5M	61.5M	56.1M	70.1M	87.4M	66.2M
Interest Income	75.9M	67.2M	58.6M	74.9M	113.8M	75.7M
Reconciled Depreciation	2.2M	2.6M	2.7M	1.6M	316K	300.2K

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When determining whether Macatawa Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Macatawa Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Macatawa Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Macatawa Bank Stock:

How To Invest In Macatawa

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Is Macatawa Stock a good investment?

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What is Macatawa Bank's Net Worth?

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For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.

Note that the Macatawa Bank information on this page should be used as a complementary analysis to other Macatawa Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Macatawa Bank's price analysis, check to measure Macatawa Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macatawa Bank is operating at the current time. Most of Macatawa Bank's value examination focuses on studying past and present price action to predict the probability of Macatawa Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macatawa Bank's price. Additionally, you may evaluate how the addition of Macatawa Bank to your portfolios can decrease your overall portfolio volatility.

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Is Macatawa Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macatawa Bank. If investors know Macatawa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macatawa Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.21)

Dividend Share

0.33

Revenue Per Share

3.071

Quarterly Revenue Growth

(0.07)

Return On Assets

0.0153

The market value of Macatawa Bank is measured differently than its book value, which is the value of Macatawa that is recorded on the company's balance sheet. Investors also form their own opinion of Macatawa Bank's value that differs from its market value or its book value, called intrinsic value, which is Macatawa Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macatawa Bank's market value can be influenced by many factors that don't directly affect Macatawa Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Macatawa Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macatawa Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macatawa Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Macatawa Historical Income Statement

About Macatawa Income Statement Analysis

Macatawa Bank Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Macatawa Bank income statement Correlations

Macatawa Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Macatawa Bank income statement Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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Ebit	+ 1.0	Operating Income
Ebitda	+ 1.0	Operating Income
Ebitda	+ 1.0	Ebit
Extraordinary Items	+ 1.0	Non Operating Income Net Other
Interest Income	+ 0.98	Net Interest Income
Net Income From Continuing Ops	+ 0.92	Net Income

Total Operating Expenses	- 0.93	Gross Profit
Extraordinary Items	- 0.9	Reconciled Depreciation
Reconciled Depreciation	- 0.9	Non Operating Income Net Other
Reconciled Depreciation	- 0.87	Total Operating Expenses
Non Recurring	- 0.83	Income Before Tax
Extraordinary Items	- 0.8	Non Recurring