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MCBC Financial Statements and Analysis

NASDAQ : MCBC

Macatawa Bank Corporation

$14.82
-0.13-0.87%
Open: 4:00 PM
Not Actively Trading
71.72
BESG ScoreESG Rating

MCBC FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

MCBC Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-03-312023-12-312023-09-302023-06-302023-03-31
reported currencyUSDUSDUSDUSDUSD
calendar year20242023202320232023
periodQ1Q4Q3Q2Q1
revenue33.737M34.322M29.787M25.357M26.76M
cost of revenue4.66M0000
gross profit29.077M34.322M29.787M25.357M26.76M
gross profit ratio0.8621.001.001.001.00
research and development expenses00000
general and administrative expenses7.402M8.584M7.402M7.295M8.105M
selling and marketing expenses211.00K155.00K225.00K205.00K219.00K
selling general and administrative expenses7.613M8.739M225.00K7.50M8.324M
other expenses-4.234M-3.832M-3.766M-3.668M-3.299M
operating expenses4.234M3.832M225.00K205.00K219.00K
cost and expenses21.532M22.561M225.00K205.00K219.00K
interest income29.077M29.637M4.616M27.12M27.266M
interest expense8.35M160.00K7.543M5.974M4.65M
depreciation and amortization477.00K1.834M24.00K82.00K160.00K
ebitda12.142M19.692M14.221M12.786M19.789M
ebitda ratio0.360.5740.4770.5040.739
operating income12.142M-46.636M14.221M12.786M19.629M
operating income ratio0.36-1.3590.4770.5040.734
total other income expenses net-330.00K11.761M14.221M12.786M-4.65M
income before tax12.142M11.761M14.221M12.786M14.979M
income before tax ratio0.360.3430.4770.5040.56
income tax expense2.349M2.266M2.808M2.474M2.975M
net income9.793M9.495M11.413M10.312M12.004M
net income ratio0.290.2770.3830.4070.449
eps0.280.280.330.300.35
eps diluted0.280.280.330.300.35
weighted average shs out34.362M34.326M34.291M34.292M34.297M
weighted average shs out dil34.362M34.326M34.291M34.292M34.297M
Graph

MCBC Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-03-312023-12-312023-09-302023-06-302023-03-31
reported currencyUSDUSDUSDUSDUSD
calendar year20242023202320232023
periodQ1Q4Q3Q2Q1
cash and cash equivalents
short term investments
cash and short term investments
net receivables
inventory
other current assets
total current assets
property plant equipment net
goodwill
intangible assets
goodwill and intangible assets
long term investments
tax assets
other non current assets
total non current assets
other assets
total assets
account payables
short term debt
tax payables
deferred revenue
other current liabilities
total current liabilities
long term debt
deferred revenue non current
deferred tax liabilities non current
other non current liabilities
total non current liabilities
other liabilities
capital lease obligations
total liabilities
preferred stock
common stock
retained earnings
accumulated other comprehensive income loss
other total stockholders equity
total stockholders equity
total equity
total liabilities and stockholders equity
minority interest
total investments
total debt
net debt
Graph

MCBC Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-03-312023-12-312023-09-302023-06-302023-03-31
reported currencyUSDUSDUSDUSDUSD
calendar year20242023202320232023
periodQ1Q4Q3Q2Q1
deferred income tax80.00K199.00K154.00K32.00K150.00K
stock based compensation166.00K287.00K180.00K183.00K170.00K
change in working capital-126.00K2.61M-3.217M-666.00K672.00K
accounts receivables-1.774M973.00K-2.574M134.00K-217.00K
inventory00000
accounts payables00000
other working capital1.648M1.637M-643.00K-800.00K889.00K
other non cash items838.00K-1.655M-390.00K166.00K-427.00K
net cash provided by operating activities10.108M12.77M8.164M10.109M12.729M
investments in property plant and equipment-903.00K259.00K-160.00K-42.00K-496.00K
acquisitions net00000
purchases of investments-2.399M-5.176M-3.108M-2.539M-28.038M
sales maturities of investments49.55M12.114M20.011M18.378M8.827M
other investing activites31.51M-47.027M-19.672M-50.622M-40.459M
net cash used for investing activites42.432M-39.83M-2.929M-34.825M-60.166M
debt repayment-10.00M0000
common stock issued00000
common stock repurchased0-121.00K0-7.00K-15.00K
dividends paid-3.082M-3.084M-2.734M-2.734M-2.733M
other financing activites-141.329M-29.856M124.041M-9.35M-284.247M
net cash used provided by financing activities-144.411M-33.061M121.307M-12.091M-286.995M
effect of forex changes on cash00000
net change in cash-91.871M-60.121M126.542M-36.807M-334.432M
cash at end of period358.481M450.352M510.473M383.931M420.738M
cash at beginning of period450.352M510.473M383.931M420.738M755.17M
operating cashflow10.108M12.77M8.164M10.109M12.729M
capital expenditure-903.00K259.00K-160.00K-42.00K-496.00K
free cash flow9.205M13.029M8.004M10.067M12.233M
Graph

Frequently Asked Questions

How did Macatawa Bank Corporation do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, MCBC generated $33.74M in revenue last quarter, while its costs came in at $4.66M.

Last quarter, how much Gross Profit did Macatawa Bank Corporation report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Macatawa Bank Corporation reported a $29.08M Gross Profit for the quarter ended Mar 31, 2024.

Have MCBC's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. MCBC incurred $4.23M worth of Operating Expenses, while it generated $12.14M worth of Operating Income.

How much Net Income has MCBC posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Macatawa Bank Corporation, the company generated $9.79M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Macatawa Bank Corporation have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Macatawa Bank Corporation as of the end of the last quarter was -.

What are MCBC's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, MCBC had Total Net Receivables of -.

In terms of Total Assets and Current Assets, where did Macatawa Bank Corporation stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of MCBC were -, while the Total Assets stand at -.

As of the last quarter, how much Total Debt did Macatawa Bank Corporation have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of MCBC's debt was - at the end of the last quarter.

What were MCBC's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, MCBC reported total liabilities of -.

How much did MCBC's Working Capital change over the last quarter?

Working Capital Change for MCBC was -$126.00K over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

MCBC generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. MCBC generated $10.11M of Cash from Operating Activities during its recently reported quarter.

What was MCBC's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. MCBC reported a -$91.87M Net Change in Cash in the most recent quarter.

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