MCBC
Income statement / Annual
Last year (2023), Macatawa Bank Corporation's total revenue was $132.25 M,
an increase of 867.25% from the previous year.
In 2023, Macatawa Bank Corporation's net income was $43.22 M.
See Macatawa Bank Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$132.25 M
|
$13.67 M
|
$79.76 M
|
$85.51 M
|
$83.22 M
|
$77.13 M
|
$69.36 M
|
$66.61 M
|
$61.87 M
|
$57.61 M
|
| Cost of Revenue |
$113.81 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$1.20 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$18.44 M |
$13.67 M |
$79.76 M |
$85.51 M |
$83.22 M |
$75.93 M |
$69.36 M |
$66.61 M |
$61.87 M |
$57.61 M |
| Gross Profit Ratio |
0.14 |
1 |
1 |
1 |
1 |
0.98 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$30.43 M
|
$27.50 M
|
$25.97 M
|
$25.93 M
|
$24.92 M
|
$25.73 M
|
$25.34 M
|
$25.65 M
|
$25.81 M
|
$24.36 M
|
| Selling & Marketing
Expenses |
$803,000.00
|
$803,000.00
|
$723,000.00
|
$891,000.00
|
$919,000.00
|
$881,000.00
|
$882,000.00
|
$1.00 M
|
$951,000.00
|
$932,000.00
|
| Selling, General &
Administrative Expenses |
$31.23 M
|
$28.30 M
|
$25.97 M
|
$25.93 M
|
$24.92 M
|
$25.73 M
|
$25.34 M
|
$25.65 M
|
$25.81 M
|
$24.36 M
|
| Other Expenses |
-$14.56 M |
-$13.82 M |
-$70.01 M |
-$74.66 M |
-$68.69 M |
-$64.20 M |
-$61.95 M |
-$65.12 M |
-$63.95 M |
-$61.32 M |
| Operating Expenses |
$14.56 M |
$803,000.00 |
-$44.04 M |
-$48.73 M |
-$43.77 M |
-$34.17 M |
-$36.61 M |
-$39.47 M |
-$38.15 M |
-$36.96 M |
| Cost And Expenses |
$78.51 M |
$803,000.00 |
-$44.04 M |
-$48.73 M |
-$43.77 M |
-$34.17 M |
-$36.61 M |
-$39.47 M |
-$38.15 M |
-$36.96 M |
| Interest Income |
$113.81 M |
$74.91 M |
$58.63 M |
$67.22 M |
$75.94 M |
$69.04 M |
$57.68 M |
$52.50 M |
$49.39 M |
$46.99 M |
| Interest Expense |
$634,000.00 |
$4.76 M |
$2.57 M |
$5.69 M |
$12.46 M |
$9.41 M |
$5.73 M |
$4.96 M |
$5.31 M |
$5.60 M |
| Depreciation &
Amortization |
$2.10 M
|
$2.30 M
|
$2.50 M
|
$2.44 M
|
$2.49 M
|
$2.49 M
|
$2.61 M
|
$2.81 M
|
$2.97 M
|
$3.14 M
|
| EBITDA |
$53.75 M
|
$49.38 M
|
$38.45 M
|
$39.41 M
|
$41.65 M
|
$44.32 M
|
$35.04 M
|
$29.95 M
|
$26.70 M
|
$23.78 M
|
| EBITDA Ratio |
0.41 |
3.61 |
0.48 |
0.46 |
0.5 |
0.57 |
0.51 |
0.45 |
0.43 |
0.41 |
| Operating Income Ratio
|
0.41
|
3.5
|
0.45
|
0.43
|
0.47
|
0.54
|
0.47
|
0.41
|
0.38
|
0.36
|
| Total Other
Income/Expenses Net |
-$1.32 M
|
-$789,000.00
|
-$749,000.00
|
-$515,000.00
|
-$492,000.00
|
-$586,999.00
|
-$604,000.00
|
-$1.78 M
|
-$4.17 M
|
-$4.81 M
|
| Income Before Tax |
$53.75 M |
$43.06 M |
$35.72 M |
$36.79 M |
$39.44 M |
$32.35 M |
$27.03 M |
$22.18 M |
$18.42 M |
$15.05 M |
| Income Before Tax Ratio
|
0.41
|
3.15
|
0.45
|
0.43
|
0.47
|
0.42
|
0.39
|
0.33
|
0.3
|
0.26
|
| Income Tax Expense |
$10.52 M |
$8.33 M |
$6.71 M |
$6.62 M |
$7.46 M |
$5.97 M |
$10.73 M |
$6.23 M |
$5.63 M |
$4.57 M |
| Net Income |
$43.22 M |
$34.73 M |
$29.01 M |
$30.17 M |
$31.98 M |
$26.38 M |
$16.29 M |
$15.95 M |
$12.79 M |
$10.47 M |
| Net Income Ratio |
0.33 |
2.54 |
0.36 |
0.35 |
0.38 |
0.34 |
0.23 |
0.24 |
0.21 |
0.18 |
| EPS |
1.26 |
1.01 |
0.85 |
0.88 |
0.94 |
0.78 |
0.48 |
0.47 |
0.38 |
0.31 |
| EPS Diluted |
1.26 |
1.01 |
0.85 |
0.88 |
0.94 |
0.78 |
0.48 |
0.47 |
0.38 |
0.31 |
| Weighted Average Shares
Out |
$34.36 M
|
$34.26 M
|
$34.20 M
|
$34.12 M
|
$34.06 M
|
$34.02 M
|
$33.95 M
|
$33.92 M
|
$33.87 M
|
$33.80 M
|
| Weighted Average Shares
Out Diluted |
$34.36 M
|
$34.26 M
|
$34.20 M
|
$34.12 M
|
$34.06 M
|
$34.02 M
|
$33.95 M
|
$33.92 M
|
$33.87 M
|
$33.80 M
|
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