Complete financial analysis of Marine Bancorp of Florida, Inc. (MBOF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Marine Bancorp of Florida, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Marine Bancorp of Florida, Inc. (MBOF)
About Marine Bancorp of Florida, Inc.
Marine Bancorp of Florida, Inc. operates as the holding company for Marine Bank & Trust Company that provides various community banking products and services. It offers personal and business checking, savings, money market, and individual retirement accounts; certificates of deposit; and debit and credit cards. The company also provides residential mortgage and lot, FHA, personal and consumer, commercial real estate, construction, small business administration, USDA, and condominium and homeowner association loans; home equity loans and lines of credit; commercial lines of credit; and constructionpermanent mortgage services. In addition, it offers treasury management, association banking, merchant, bill pay, and medical practice solutions; and online, mobile, and telephone banking services. The company operates through four full-service branches located in Vero Beach, Sebastian, and Melbourne. Marine Bancorp of Florida, Inc. was founded in 1997 and is based in Vero Beach, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 19.52M | 21.69M | 19.16M | 14.27M | 11.32M |
| Cost of Revenue | 0.00 | 1.35M | 780.00K | 980.00K | 262.00K |
| Gross Profit | 19.52M | 20.34M | 18.38M | 13.29M | 11.06M |
| Gross Profit Ratio | 100.00% | 93.78% | 95.93% | 93.13% | 97.69% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 445.00K | 475.00K | 405.00K | 397.00K | 388.00K |
| Selling & Marketing | 373.00K | 385.00K | 377.00K | 338.00K | 361.00K |
| SG&A | 818.00K | 860.00K | 782.00K | 735.00K | 749.00K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 20.17M | 13.66M | 12.24M | 9.37M | 8.90M |
| Cost & Expenses | 0.00 | 13.66M | 12.24M | 9.37M | 8.90M |
| Interest Income | 28.01M | 20.89M | 17.04M | 13.84M | 11.94M |
| Interest Expense | 9.79M | 1.43M | 671.00K | 1.53M | 1.78M |
| Depreciation & Amortization | 659.00K | 634.00K | 749.00K | 588.00K | 517.00K |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 33.70% | 35.97% | 31.55% | 23.65% |
| Operating Income | 19.52M | 6.68M | 6.14M | 3.91M | 2.16M |
| Operating Income Ratio | 100.00% | 30.78% | 32.06% | 27.43% | 19.08% |
| Total Other Income/Expenses | -13.50M | -13.66M | -12.24M | -9.37M | -8.90M |
| Income Before Tax | 6.02M | 6.68M | 6.14M | 3.91M | 2.16M |
| Income Before Tax Ratio | 30.83% | 30.78% | 32.06% | 27.43% | 19.08% |
| Income Tax Expense | 1.41M | 1.29M | 1.32M | 946.00K | 546.00K |
| Net Income | 4.61M | 5.38M | 4.83M | 2.97M | 1.61M |
| Net Income Ratio | 23.63% | 24.81% | 25.20% | 20.80% | 14.26% |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS Diluted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Avg Shares Out (Dil) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Source: https://incomestatements.info
Category: Stock Reports