Macatawa Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1998
Revenue	105.34	91.29	81.81	82.51	83.67	76.68	70.71	67.96	65.37	60.96	Upgrade
Revenue Growth (YoY)	15.39%	11.58%	-0.85%	-1.38%	9.11%	8.44%	4.04%	3.96%	7.25%	-1.16%	Upgrade
Gross Profit	105.34	91.29	81.81	82.51	83.67	76.68	70.71	67.96	65.37	60.96	Upgrade
Selling, General & Admin	43.21	39.92	38.36	38.52	36.94	36.94	36.17	36.56	35.89	34.49	Upgrade
Other Operating Expenses	8.38	8.3	7.73	7.21	7.28	7.39	7.52	9.22	11.07	11.42	Upgrade
Operating Expenses	51.59	48.23	46.09	45.73	44.22	44.33	43.69	45.78	46.95	45.91	Upgrade
Operating Income	53.75	43.06	35.72	36.79	39.44	32.35	27.03	22.18	18.42	15.05	Upgrade
Pretax Income	53.75	43.06	35.72	36.79	39.44	32.35	27.03	22.18	18.42	15.05	Upgrade
Income Tax	10.52	8.33	6.71	6.62	7.46	5.97	10.73	6.23	5.63	4.57	Upgrade
Net Income	43.22	34.73	29.01	30.17	31.98	26.38	16.29	15.95	12.79	10.47	Upgrade
Net Income Growth	24.45%	19.70%	-3.82%	-5.67%	21.23%	61.91%	2.14%	24.68%	22.16%	-	Upgrade
Shares Outstanding (Basic)	34	34	34	34	34	34	34	34	34	34	Upgrade
Shares Change	0.13%	0.17%	0.26%	0.12%	0.14%	0.22%	0.06%	0.16%	0.19%	24.00%	Upgrade
EPS (Basic)	1.26	1.01	0.85	0.88	0.94	0.78	0.48	0.47	0.38	0.31	Upgrade
EPS (Diluted)	1.26	1.01	0.85	0.88	0.94	0.78	0.48	0.47	0.38	0.31	Upgrade
EPS Growth	24.75%	18.82%	-3.41%	-6.38%	20.51%	62.50%	2.13%	23.68%	22.58%	-	Upgrade
Free Cash Flow	46.06	34.05	35.1	28.49	29.02	28.35	23.33	21.08	24.37	27.34	Upgrade
Free Cash Flow Per Share	1.34	0.99	1.03	0.84	0.85	0.83	0.69	0.62	0.72	0.81	Upgrade
Dividend Per Share	0.330	0.320	0.320	0.320	0.280	0.250	0.180	0.120	0.110	0.080	Upgrade
Dividend Growth	3.13%	0%	0%	14.29%	12.00%	38.89%	50.00%	9.09%	37.50%	-	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	51.02%	47.17%	43.66%	44.58%	47.14%	42.19%	38.22%	32.64%	28.18%	24.68%	Upgrade
Profit Margin	41.03%	38.04%	35.46%	36.56%	38.22%	34.40%	23.04%	23.47%	19.57%	17.18%	Upgrade
Free Cash Flow Margin	43.73%	37.30%	42.90%	34.53%	34.69%	36.97%	32.99%	31.01%	37.28%	44.85%	Upgrade
Effective Tax Rate	19.58%	19.35%	18.78%	18.00%	18.92%	18.46%	39.72%	28.09%	30.54%	30.39%	Upgrade
EBITDA	54.06	44.62	38.45	39.41	41.65	34.91	29.31	24.99	21.39	18.19	Upgrade
EBITDA Margin	51.32%	48.88%	46.99%	47.76%	49.79%	45.53%	41.45%	36.77%	32.72%	29.83%	Upgrade
Depreciation & Amortization	0.32	1.56	2.72	2.62	2.21	2.56	2.29	2.81	2.97	3.14	Upgrade
EBIT	53.75	43.06	35.72	36.79	39.44	32.35	27.03	22.18	18.42	15.05	Upgrade
EBIT Margin	51.02%	47.17%	43.66%	44.58%	47.14%	42.19%	38.22%	32.64%	28.18%	24.68%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).