Complete financial analysis of Morris State Bancshares, Inc. (MBLU) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Morris State Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Morris State Bancshares, Inc. (MBLU)
About Morris State Bancshares, Inc.
Morris State Bancshares, Inc. operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia. The company provides checking, savings, NOW, and individual retirement accounts; demand, savings, and other time deposits; and CDARS and ICS. It also offers personal, home, auto, construction and development, commercial, real estate, agricultural, working capital, industrial, and consumer installment loans; equipment and home mortgage financing; and letters of credit. In addition, it provides cash management and merchant services; debit/ATM and credit cards, gift cards, safe deposit boxes, and order checks; and online, mobile, and telephone banking, and people pay and lock services. The company was founded in 1954 and is headquartered in Dublin, Georgia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 55.92M | 60.45M | 59.10M | 52.93M | 43.23M | 35.27M | 31.94M | 32.14M | 28.87M |
| Cost of Revenue | -20.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 76.85M | 60.45M | 59.10M | 52.93M | 43.23M | 35.27M | 31.94M | 32.14M | 28.87M |
| Gross Profit Ratio | 137.43% | 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 |
| General & Administrative | 20.84M | 19.12M | 18.79M | 16.66M | 14.16M | 11.21M | 10.08M | 0.00 | 0.00 |
| Selling & Marketing | 671.17K | 838.83K | 711.32K | 801.12K | 648.65K | 514.03K | 0.00 | 0.00 | 0.00 |
| SG&A | 17.98M | 19.12M | 18.79M | 16.66M | 14.16M | 11.21M | 10.08M | 10.24M | 8.89M |
| Other Expenses | 38.44M | -57.46M | -9.33M | -8.85M | -9.42M | -31.25M | -5.63M | -6.26M | -5.29M |
| Operating Expenses | 56.42M | -38.34M | 9.33M | 8.85M | 9.42M | -20.04M | 5.63M | 6.26M | 5.29M |
| Cost & Expenses | 21.51M | -38.34M | 36.77M | 37.80M | 36.20M | -20.04M | 22.06M | 21.05M | 17.90M |
| Interest Income | 72.36M | 61.53M | 58.16M | 54.93M | 47.67M | 37.98M | 33.10M | 0.00 | 0.00 |
| Interest Expense | 20.75M | 6.28M | 3.90M | 6.13M | 8.70M | 5.73M | 3.71M | 0.00 | 0.00 |
| Depreciation & Amortization | 1.59M | 1.64M | 1.58M | 1.51M | 1.23M | 635.12K | 639.16K | 608.80K | 542.92K |
| EBITDA | 23.07M | 23.76M | 27.81M | 22.77M | 16.96M | 15.87M | 14.23M | 11.69M | 11.51M |
| EBITDA Ratio | 41.26% | 39.31% | 47.05% | 43.03% | 39.24% | 45.00% | 43.88% | -2.13% | -1.73% |
| Operating Income | 21.54M | 22.12M | 26.23M | 21.26M | 15.73M | 15.24M | 13.38M | 11.77M | 11.42M |
| Operating Income Ratio | 38.51% | 36.59% | 44.38% | 40.17% | 36.39% | 43.20% | 41.88% | 36.63% | 39.57% |
| Total Other Income/Expenses | -54.27K | -9.45M | -8.59M | -7.71M | -7.86M | -5.36M | -5.91M | -6.22M | -43.88K |
| Income Before Tax | 21.48M | 22.12M | 26.23M | 21.26M | 15.73M | 15.24M | 13.38M | 11.09M | 10.93M |
| Income Before Tax Ratio | 38.42% | 36.59% | 44.38% | 40.17% | 36.39% | 43.20% | 41.88% | 34.50% | 37.84% |
| Income Tax Expense | 2.15M | 1.01M | 2.26M | 3.86M | 2.11M | 473.98K | 13.38M | -1.29M | -1.04M |
| Net Income | 19.33M | 21.11M | 23.96M | 17.41M | 13.62M | 15.24M | 13.38M | 11.09M | 10.93M |
| Net Income Ratio | 34.57% | 34.92% | 40.55% | 32.89% | 31.51% | 43.20% | 41.88% | 34.50% | 37.84% |
| EPS | 1.83 | 2.00 | 2.28 | 1.66 | 1.37 | 1.67 | 1.48 | 1.24 | 1.24 |
| EPS Diluted | 1.83 | 2.00 | 2.28 | 1.66 | 1.37 | 1.67 | 1.48 | 1.24 | 1.24 |
| Weighted Avg Shares Out | 10.58M | 10.58M | 10.51M | 10.48M | 9.92M | 9.13M | 9.03M | 8.94M | 8.84M |
| Weighted Avg Shares Out (Dil) | 10.58M | 10.58M | 10.51M | 10.48M | 9.92M | 9.13M | 9.02M | 8.94M | 8.84M |
Morris State Bancshares Announces Quarterly Earnings, Announces Retirement of Sub-Debt Tranche and Declares Third Quarter Dividend
Morris State Bancshares Announces Quarterly Earnings and Declares Second Quarter Dividend
Morris State Bancshares Announces Stock Dividend
Morris State Bancshares Announces Solid Earnings in 2023 and Increases Quarterly Dividend
Morris State Bancshares Announces Quarterly Earnings and Declares Fourth Quarter Dividend
Morris State Bancshares Announces Quarterly Earnings and Declares Third Quarter Dividend
Morris State Bancshares Announces Quarterly Earnings and Declares Third Quarter Dividend
Source: https://incomestatements.info
Category: Stock Reports