See more : Holdco Nuvo Group D.G Ltd. Warrants (NUVOW) Income Statement Analysis – Financial Results
Complete financial analysis of Macatawa Bank Corporation (MCBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Macatawa Bank Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
You may be interested
- Advaxis, Inc. (ADXSD) Income Statement Analysis – Financial Results
- goeasy Ltd. (EHMEF) Income Statement Analysis – Financial Results
- Pihlajalinna Oyj (PIHLIS.HE) Income Statement Analysis – Financial Results
- Reynolds Consumer Products Inc. (REYN) Income Statement Analysis – Financial Results
- Xchanging Solutions Limited (XCHANGING.BO) Income Statement Analysis – Financial Results
Macatawa Bank Corporation (MCBC)
About Macatawa Bank Corporation
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, trust, and brokerage services. In addition, it provides fraud protection; collection services; disbursement solutions; fund management; and investment and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of December 31, 2021, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 132.25M | 13.67M | 79.76M | 85.51M | 83.22M | 77.13M | 69.36M | 66.61M | 61.87M | 57.61M | 57.42M | 63.09M | 61.19M | 68.59M | 69.49M | 76.28M | 79.01M | 81.59M | 75.84M | 62.06M | 51.74M | 41.67M | 25.44M | 18.65M | 12.10M | 2.71M |
| Cost of Revenue | 113.81M | 0.00 | 0.00 | 0.00 | 0.00 | 1.20M | 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 | 18.44M | 13.67M | 79.76M | 85.51M | 83.22M | 75.93M | 69.36M | 66.61M | 61.87M | 57.61M | 57.42M | 63.09M | 61.19M | 68.59M | 69.49M | 76.28M | 79.01M | 81.59M | 75.84M | 62.06M | 51.74M | 41.67M | 25.44M | 18.65M | 12.10M | 2.71M |
| Gross Profit Ratio | 13.94% | 100.00% | 100.00% | 100.00% | 100.00% | 98.44% | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 30.43M | 27.50M | 25.97M | 25.93M | 24.92M | 25.73M | 25.34M | 25.65M | 25.81M | 24.36M | 24.47M | 25.18M | 36.92M | 38.14M | 43.41M | 26.55M | 25.50M | 24.79M | 22.39M | 19.21M | 16.37M | 12.84M | 8.36M | 6.86M | 5.41M | 0.00 |
| Selling & Marketing | 803.00K | 803.00K | 723.00K | 891.00K | 919.00K | 881.00K | 882.00K | 1.00M | 951.00K | 932.00K | 870.00K | 929.00K | 834.00K | 835.00K | 907.00K | 991.00K | 1.26M | 1.08M | 1.63M | 1.21M | 946.00K | 722.00K | 537.00K | 365.76K | 266.92K | 198.83K |
| SG&A | 31.23M | 28.30M | 25.97M | 25.93M | 24.92M | 25.73M | 25.34M | 25.65M | 25.81M | 24.36M | 24.47M | 25.18M | 37.76M | 38.98M | 44.32M | 27.54M | 26.76M | 25.87M | 24.01M | 20.42M | 17.32M | 13.56M | 8.90M | 7.23M | 5.67M | 198.83K |
| Other Expenses | -14.56M | -13.82M | -70.01M | -74.66M | -68.69M | -64.20M | -61.95M | -65.12M | -63.95M | -61.32M | -60.74M | -61.55M | -78.64M | -98.68M | -142.96M | -93.10M | -16.31M | -12.41M | -26.55M | -37.40M | -29.15M | -18.17M | -5.80M | -4.10M | -7.65M | -2.20M |
| Operating Expenses | 14.56M | 803.00K | -44.04M | -48.73M | -43.77M | -34.17M | -36.61M | -39.47M | -38.15M | -36.96M | -36.27M | -36.37M | -40.88M | -59.71M | -98.65M | -65.56M | 10.45M | 13.46M | -2.54M | -16.98M | -11.83M | -4.61M | 3.10M | 3.14M | -1.98M | -2.00M |
| Cost & Expenses | 78.51M | 803.00K | -44.04M | -48.73M | -43.77M | -34.17M | -36.61M | -39.47M | -38.15M | -36.96M | -36.27M | -36.37M | -40.88M | -59.71M | -98.65M | -65.56M | 10.45M | 13.46M | -2.54M | -16.98M | -11.83M | -4.61M | 3.10M | 3.14M | -1.98M | -2.00M |
| Interest Income | 113.81M | 74.91M | 58.63M | 67.22M | 75.94M | 69.04M | 57.68M | 52.50M | 49.39M | 46.99M | 48.62M | 57.28M | 60.78M | 76.00M | 95.88M | 116.08M | 139.37M | 133.51M | 105.40M | 78.33M | 64.44M | 57.25M | 42.69M | 34.34M | 20.00M | 6.80M |
| Interest Expense | 634.00K | 4.76M | 2.57M | 5.69M | 12.46M | 9.41M | 5.73M | 4.96M | 5.31M | 5.60M | 7.34M | 9.81M | 14.48M | 25.44M | 43.09M | 57.94M | 76.46M | 66.09M | 42.56M | 26.31M | 22.34M | 22.90M | 20.93M | 17.74M | 9.43M | 3.19M |
| Depreciation & Amortization | 2.10M | 2.30M | 2.50M | 2.44M | 2.49M | 2.49M | 2.61M | 2.81M | 2.97M | 3.14M | 3.07M | 2.97M | 3.12M | 2.96M | 3.69M | 3.88M | 3.70M | 3.39M | 3.10M | 2.97M | 2.70M | 2.37M | 1.47M | 1.23M | 736.69K | 271.46K |
| EBITDA | 53.75M | 49.38M | 38.45M | 39.41M | 41.65M | 44.32M | 35.04M | 29.95M | 26.70M | 23.78M | 24.22M | 29.69M | 23.43M | 11.84M | -25.46M | 14.60M | 93.16M | 98.44M | 76.40M | 48.05M | 42.61M | 39.44M | 30.01M | 23.02M | 10.86M | 973.14K |
| EBITDA Ratio | 40.64% | 361.16% | 48.20% | 46.09% | 50.05% | 57.47% | 50.52% | 44.95% | 43.14% | 41.28% | 42.18% | 47.06% | 38.28% | 17.26% | -36.64% | 19.14% | 117.91% | 120.65% | 100.74% | 77.43% | 82.36% | 94.63% | 117.97% | 123.42% | 89.73% | 35.96% |
| Operating Income | 53.75M | 47.82M | 35.72M | 36.79M | 39.44M | 41.76M | 32.76M | 27.14M | 23.73M | 20.64M | 21.16M | 26.72M | 20.31M | 8.89M | -29.16M | 10.72M | 89.46M | 95.06M | 73.30M | 45.08M | 39.91M | 37.07M | 28.54M | 21.79M | 10.12M | 701.69K |
| Operating Income Ratio | 40.64% | 349.77% | 44.79% | 43.02% | 47.40% | 54.14% | 47.23% | 40.74% | 38.35% | 35.83% | 36.84% | 42.35% | 33.19% | 12.95% | -41.96% | 14.05% | 113.22% | 116.50% | 96.65% | 72.64% | 77.14% | 88.95% | 112.18% | 116.81% | 83.64% | 25.93% |
| Total Other Income/Expenses | -1.32M | -789.00K | -749.00K | -515.00K | -492.00K | -587.00K | -604.00K | -1.78M | -4.17M | -4.81M | -6.98M | -12.48M | -14.48M | -25.44M | -43.09M | -57.94M | -76.46M | -39.17M | -42.56M | -26.31M | -22.34M | -32.11M | -14.73M | -11.47M | 0.00 | 0.00 |
| Income Before Tax | 53.75M | 43.06M | 35.72M | 36.79M | 39.44M | 32.35M | 27.03M | 22.18M | 18.42M | 15.05M | 13.82M | 16.91M | 5.83M | -16.55M | -72.24M | -47.23M | 13.01M | 28.97M | 30.74M | 18.77M | 17.57M | 14.17M | 7.61M | 4.05M | 0.00 | 0.00 |
| Income Before Tax Ratio | 40.64% | 314.96% | 44.79% | 43.02% | 47.40% | 41.94% | 38.96% | 33.30% | 29.77% | 26.12% | 24.06% | 26.80% | 9.53% | -24.13% | -103.96% | -61.92% | 16.46% | 35.50% | 40.54% | 30.25% | 33.96% | 33.99% | 29.92% | 21.70% | 0.00% | 0.00% |
| Income Tax Expense | 10.52M | 8.33M | 6.71M | 6.62M | 7.46M | 5.97M | 10.73M | 6.23M | 5.63M | 4.57M | 4.27M | -18.58M | -8.60M | 1.30M | -8.60M | -8.37M | 3.74M | 9.14M | 9.85M | 6.00M | 5.79M | 4.65M | 2.50M | 699.26K | 9.43M | 3.19M |
| Net Income | 43.22M | 34.73M | 29.01M | 30.17M | 31.98M | 26.38M | 16.29M | 15.95M | 12.79M | 10.47M | 9.55M | 35.49M | 5.83M | -17.85M | -63.64M | -38.85M | 9.27M | 19.83M | 20.89M | 12.78M | 11.78M | 9.51M | 5.12M | 3.35M | 693.27K | -2.49M |
| Net Income Ratio | 32.68% | 254.01% | 36.37% | 35.28% | 38.43% | 34.20% | 23.49% | 23.95% | 20.68% | 18.18% | 16.63% | 56.25% | 9.53% | -26.03% | -91.58% | -50.94% | 11.73% | 24.30% | 27.54% | 20.59% | 22.77% | 22.83% | 20.11% | 17.95% | 5.73% | -91.97% |
| EPS | 1.26 | 1.01 | 0.85 | 0.88 | 0.94 | 0.78 | 0.48 | 0.47 | 0.38 | 0.31 | -0.29 | 1.31 | 0.26 | -1.01 | -3.65 | -2.28 | 0.54 | 1.11 | 0.79 | 0.42 | 0.67 | 0.59 | 0.50 | 0.41 | 0.10 | -0.54 |
| EPS Diluted | 1.26 | 1.01 | 0.85 | 0.88 | 0.94 | 0.78 | 0.48 | 0.47 | 0.38 | 0.31 | -0.29 | 1.31 | 0.26 | -1.01 | -3.65 | -2.28 | 0.54 | 1.09 | 0.77 | 0.42 | 0.66 | 0.58 | 0.49 | 0.41 | 0.10 | -0.54 |
| Weighted Avg Shares Out | 34.36M | 34.26M | 34.20M | 34.12M | 34.06M | 34.02M | 33.95M | 33.92M | 33.87M | 33.80M | 27.16M | 27.09M | 22.74M | 17.69M | 17.45M | 17.03M | 17.11M | 17.80M | 26.56M | 30.33M | 17.55M | 16.22M | 10.33M | 8.09M | 7.08M | 4.58M |
| Weighted Avg Shares Out (Dil) | 34.36M | 34.26M | 34.20M | 34.12M | 34.06M | 34.02M | 33.95M | 33.92M | 33.87M | 33.80M | 27.16M | 27.09M | 22.74M | 17.69M | 17.45M | 17.04M | 17.28M | 18.27M | 27.26M | 30.91M | 17.82M | 16.48M | 10.43M | 8.19M | 7.08M | 4.58M |
Macatawa Bank Corporation Reports First Quarter 2021 Results
HOLLAND, Mich., April 22, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the first quarter 2021.
Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2020 Results
HOLLAND, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the fourth quarter and full year of 2020.
Charles Schwab Investment Management Inc. Has $503,000 Stock Position in Macatawa Bank Co. (NASDAQ:MCBC)
Charles Schwab Investment Management Inc. raised its stake in shares of Macatawa Bank Co. (NASDAQ:MCBC) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 64,305 shares of the financial services provider’s stock after buying an additional 2,611...
Macatawa Bank: Modified Loans Responsible For Heightened Credit Risks (NASDAQ:MCBC)
MCBC’s Paycheck Protection Program portfolio is quite large relative to its asset size. The accelerated amortization of fees will lift net interest income in the second half of 2020.
Dividend Challenger Highlights: Week Of August 23
A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
Best no-fee checking accounts of August 2020
CNBC Select reviewed dozens of checking accounts from online banks, brick-and-mortar banks and credit unions to find the top 5 that charge no monthly fees.
Clarion County Community Bank Forms Holding Company
Clarion County Community Bank (OTC Pink: CCYY) announced today that the Bank has completed its reorganization into a holding company structure effecti
Macatawa Bank (NASDAQ:MCBC) versus VSB Bancorp (NASDAQ:VSBN) Critical Survey
Macatawa Bank (NASDAQ:MCBC) and VSB Bancorp (OTCMKTS:VSBN) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability and analyst recommendations....
Dividend Challenger Highlights: Week Of August 2
A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
5 Value Stocks In The Financial Services Sector
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be...
Source: https://incomestatements.info
Category: Stock Reports