See more : Sama Healthy Water Factory Co. (9612.SR) Income Statement Analysis – Financial Results
Complete financial analysis of Sturgis Bancorp, Inc. (STBI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sturgis Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
- Federal Home Loan Mortgage Corporation (FREJN) Income Statement Analysis – Financial Results
- Ülker Bisküvi Sanayi A.S. (UELKY) Income Statement Analysis – Financial Results
- Gansu Golden Glass Technologies Limited (300093.SZ) Income Statement Analysis – Financial Results
- SBI Insurance Group Co., Ltd. (7326.T) Income Statement Analysis – Financial Results
- ntc industries limited (NTCIND.BO) Income Statement Analysis – Financial Results
Sturgis Bancorp, Inc. (STBI)
About Sturgis Bancorp, Inc.
Sturgis Bancorp, Inc. operates as the bank holding company for Sturgis Bank & Trust Company that provides banking products and services in Michigan, the United States. The company offers checking, savings and health savings, and money market accounts; and certificates of deposit and individual retirement accounts. It also provides mortgage, automobile, savings secured, personal, home equity, equipment and machinery, government supported, and commercial real estate loans, as well as home equity lines of credit and business lines of credit; and credit cards. In addition, the company offers private banking, cashier checks, wire transfers, foreign drafts and foreign currency, overdraft protection, night depository, and notary services, as well as safe deposit boxes and residential mortgages. Further, it provides direct deposit, remote deposit capture, Visa check card, and checks reorder services; and investment and financial-advisory services, as well as commercial and consumer insurance and title insurance products. Additionally, the company offers estate and asset management services, such as estate settlements, trust administration, record keeping, investment management, and custody services; cash and treasury management; and online and mobile banking, bill pay, and mobile wallet services. It operates through 14 bank facilities and 4 full service standalone ATMs located in 12 communities in Michigan. Sturgis Bancorp, Inc. was founded in 1905 and is headquartered in Sturgis, Michigan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 36.14M | 30.90M | 28.77M | 26.75M | 20.93M | 19.29M | 17.58M | 17.09M | 16.41M | 14.47M | 14.40M | 14.37M | 14.33M | 16.32M | 15.62M | 14.12M | 12.84M | 13.98M | 14.39M | 14.02M | 3.67M |
| Cost of Revenue | -13.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 49.45M | 30.90M | 28.77M | 26.75M | 20.93M | 19.29M | 17.58M | 17.09M | 16.41M | 14.47M | 14.40M | 14.37M | 14.33M | 16.32M | 15.62M | 14.12M | 12.84M | 13.98M | 14.39M | 14.02M | 3.67M |
| Gross Profit Ratio | 136.83% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.13M | 14.81M | 12.95M | 10.68M | 9.36M | 8.85M | 8.93M | 8.25M | 8.01M | 7.18M | 7.31M | 6.68M | 7.05M | 6.84M | 6.41M | 5.79M | 5.26M | 4.92M | 4.65M | 4.01M | 4.02M |
| Selling & Marketing | 723.00K | 525.00K | 593.00K | 313.00K | 314.00K | 342.00K | 296.00K | 232.00K | 187.00K | 159.00K | 119.00K | 109.00K | 126.00K | 191.00K | 212.00K | 246.53K | 197.65K | 220.85K | 0.00 | 0.00 | 0.00 |
| SG&A | 23.43M | 15.34M | 13.54M | 10.99M | 9.67M | 9.20M | 9.22M | 8.48M | 8.19M | 7.34M | 7.43M | 6.78M | 7.18M | 7.03M | 6.62M | 6.04M | 5.46M | 5.14M | 4.65M | 4.01M | 4.02M |
| Other Expenses | 0.00 | -33.75M | -34.63M | -30.48M | -24.74M | -21.57M | -21.48M | -20.43M | -19.82M | -17.38M | -17.37M | -15.75M | -17.17M | -18.52M | -17.72M | -16.31M | -9.38M | -8.52M | -6.72M | -3.54M | 5.42M |
| Operating Expenses | 23.43M | -18.41M | -21.09M | -19.49M | -15.07M | -11.64M | -12.26M | -11.96M | -11.63M | -10.04M | -9.94M | -8.97M | -9.99M | -11.50M | -11.09M | -10.28M | -3.92M | -3.38M | -2.07M | 472.42K | 9.44M |
| Cost & Expenses | 23.43M | -18.41M | -21.09M | -19.49M | -15.07M | -11.64M | -12.26M | -11.96M | -11.63M | -10.04M | -9.94M | -8.97M | -9.99M | -11.50M | -11.09M | -10.28M | -3.92M | -3.38M | -2.07M | 472.42K | 9.44M |
| Interest Income | 40.29M | 28.63M | 23.51M | 20.78M | 19.13M | 17.04M | 14.86M | 14.03M | 12.50M | 11.57M | 11.77M | 12.53M | 13.69M | 21.70M | 19.61M | 16.90M | 14.90M | 15.25M | 17.41M | 19.94M | 19.14M |
| Interest Expense | 12.27M | 4.49M | 4.12M | 3.58M | 3.37M | 2.66M | 2.04M | 1.82M | 1.88M | 2.09M | 2.58M | 3.04M | 4.04M | 10.27M | 8.43M | 7.18M | 6.34M | 7.02M | 8.41M | 10.40M | 10.53M |
| Depreciation & Amortization | 1.35M | 1.59M | 861.00K | 731.00K | -6.19M | 645.00K | 649.00K | 596.00K | 885.00K | 820.00K | 794.00K | 713.00K | 695.00K | 10.27M | 8.43M | 7.18M | 1.10M | 1.45M | 1.76M | 1.77M | 701.58K |
| EBITDA | 8.50M | 9.58M | 9.96M | 8.32M | 0.00 | 5.93M | 4.71M | 4.24M | 0.00 | 3.15M | 0.00 | 3.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.91M | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 23.53% | 40.40% | 34.62% | 31.10% | 27.99% | 44.53% | 35.65% | 35.42% | 34.56% | 36.25% | 36.47% | 42.57% | 35.14% | 92.47% | 82.93% | 78.07% | 78.03% | 86.20% | 97.87% | 116.01% | 376.29% |
| Operating Income | 12.71M | 12.48M | 7.68M | 7.26M | 5.86M | 7.66M | 5.32M | 5.14M | 4.79M | 4.42M | 4.46M | 5.41M | 4.34M | 4.83M | 4.53M | 3.84M | 8.92M | 10.60M | 12.32M | 14.49M | 13.11M |
| Operating Income Ratio | 35.16% | 40.40% | 26.68% | 27.14% | 27.99% | 39.68% | 30.26% | 30.05% | 29.16% | 30.58% | 30.96% | 37.61% | 30.29% | 29.56% | 29.00% | 27.19% | 69.45% | 75.82% | 85.64% | 103.37% | 357.17% |
| Total Other Income/Expenses | -5.55M | -4.17M | -3.47M | -2.96M | -2.72M | -2.61M | -2.94M | -2.92M | -2.46M | -2.36M | -3.38M | -1.39M | -4.73M | 0.00 | 0.00 | 0.00 | 0.00 | -7.02M | -8.41M | -10.40M | -10.53M |
| Income Before Tax | 7.16M | 7.99M | 7.68M | 7.26M | 5.86M | 4.99M | 3.28M | 3.32M | 2.91M | 2.33M | 1.88M | 2.37M | 304.00K | 4.83M | 4.53M | 3.84M | 2.58M | 3.58M | 3.91M | 4.09M | 2.58M |
| Income Before Tax Ratio | 19.80% | 25.87% | 26.68% | 27.14% | 27.99% | 25.88% | 18.67% | 19.42% | 17.70% | 16.11% | 13.05% | 16.49% | 2.12% | 29.56% | 29.00% | 27.19% | 20.09% | 25.62% | 27.16% | 29.18% | 70.36% |
| Income Tax Expense | 1.14M | 1.37M | 1.33M | 1.25M | 932.00K | 619.00K | 113.00K | 658.00K | 446.00K | 448.00K | 251.00K | 504.00K | -197.00K | 1.48M | 1.38M | 1.14M | 865.20K | 976.01K | 1.12M | 1.30M | 765.47K |
| Net Income | 6.02M | 6.62M | 6.34M | 6.01M | 4.93M | 4.37M | 3.17M | 2.66M | 2.46M | 1.88M | 1.63M | 1.87M | 501.00K | 3.34M | 3.15M | 2.70M | 1.72M | 2.61M | 2.79M | 2.79M | 1.82M |
| Net Income Ratio | 16.65% | 21.43% | 22.05% | 22.46% | 23.54% | 22.67% | 18.03% | 15.57% | 14.99% | 13.01% | 11.30% | 12.98% | 3.50% | 20.49% | 20.17% | 19.14% | 13.36% | 18.64% | 19.39% | 19.89% | 49.50% |
| EPS | 2.81 | 3.10 | 2.98 | 2.84 | 2.33 | 2.08 | 1.52 | 1.28 | 1.19 | 0.91 | 0.80 | 0.92 | 0.25 | 1.43 | 1.29 | 1.06 | 0.62 | 0.93 | 0.95 | 0.90 | 0.59 |
| EPS Diluted | 2.81 | 3.09 | 2.98 | 2.83 | 2.33 | 2.08 | 1.52 | 1.28 | 1.19 | 0.91 | 0.80 | 0.92 | 0.25 | 1.43 | 1.29 | 1.06 | 0.62 | 0.93 | 0.95 | 0.90 | 0.59 |
| Weighted Avg Shares Out | 2.14M | 2.14M | 2.13M | 2.11M | 2.11M | 2.10M | 2.09M | 2.08M | 2.07M | 2.06M | 2.05M | 2.03M | 2.02M | 2.34M | 2.44M | 2.55M | 2.76M | 2.80M | 2.94M | 3.10M | 3.08M |
| Weighted Avg Shares Out (Dil) | 2.14M | 2.14M | 2.13M | 2.12M | 2.11M | 2.10M | 2.09M | 2.08M | 2.07M | 2.06M | 2.05M | 2.03M | 2.02M | 2.34M | 2.44M | 2.55M | 2.77M | 2.80M | 2.94M | 3.10M | 3.08M |
Sturgis Bancorp, Inc. Reports Financial Results for Third Quarter 2024
Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend
Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend
Sturgis Bancorp, Inc. Reports Financial Results for Second Quarter 2024
Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend
Sturgis Bancorp, Inc. Reports Financial Results for First Quarter 2024
Sturgis Bancorp, Inc. Reports Financial Results for 2023
Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend
Sturgis Bancorp, Inc. Announces Retirement of Eric L. Eishen
Sturgis Bancorp, Inc. Declares Quarterly Cash Dividend
Source: https://incomestatements.info
Category: Stock Reports