Macatawa Bank Corporation

Macatawa Bank Corporation

MCBC
Macatawa Bank CorporationUS flagNASDAQ Global Select
14.82
USD
-0.13
- -
509.24MMarket Cap
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
2.27
2.09
2
1.64
1.74
1.92
2.02
2.23
2.4
2.46
2.29
2.59
3.04
2.99
Basic EPS, GAAP
0.26
1.31
-0.3
0.31
0.38
0.47
0.48
0.78
0.94
0.88
0.85
1.01
1.26
1.2
Free Cash Flow per Basic Share
0.49
0.47
0.51
0.44
0.38
0.46
0.64
0.83
0.84
0.83
1.02
0.99
1.26
1.18
Dividend per Share
- -
- -
0.17
0.08
0.11
0.12
0.18
0.25
0.28
0.32
0.32
0.32
0.33
0.34
Book Value per Share
2.68
3.56
4.95
4.21
4.48
4.83
5.13
5.68
6.34
6.91
7.44
8.13
9.04
9.23
Tangible Book Value per Share
2.69
3.59
4.88
4.22
4.49
4.78
5.1
5.61
6.39
7.03
7.43
7.21
8.37
8.54
Basic Weighted Avg Shares
23
27
27
34
34
34
34
34
34
34
34
34
34
34
Sales/Revenue/Turnover
52
57
54
55
59
65
68
76
82
84
78
89
104
102
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
3
3
3
3
3
2
3
2
3
3
2
- -
1
Net Income, GAAP
6
35
10
10
13
16
16
26
32
30
29
35
43
41
Effective Tax Rate (%)
- -
- -
30.9
30.39
30.54
28.09
39.72
18.46
18.92
18
18.78
19.35
19.58
19.44
Profit Margin (%)
11.29
62.73
17.59
18.87
21.66
24.54
23.79
34.74
39.08
35.87
37.08
39.21
41.46
40.02
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
191
135
131
129
137
125
133
101
81
91
85
30
30
- -
Total Equity
94
131
133
143
152
162
173
191
217
240
254
247
287
293
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
45.13
-6.95
7.56
8.7
10.12
9.64
14.36
15.64
13.36
11.84
13.03
14.69
13.59

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
- -
- -
20
LT Borrowings
30
30
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
34
34
34
Market Capitalization
300
381
334

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
544
541
518
Accounts Receivable, Net
10
9
10
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
14
16
- -
ST Debt
- -
- -
20
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.15%
8.72%
16.21%
Free Cash Flow
13.25%
9.63%
27.52%
Net Income, GAAP
17.65%
11.18%
24.45%
Sales/Revenue/Turnover
6.94%
6.9%
17.7%
Total Cash Common Dividend
4.6%
6.05%
3.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
17
20
24
27
89
2023
27
25
26
26
104
2024
25
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.18
0.19
0.29
0.35
1.01
2023
0.35
0.3
0.33
0.28
1.26
2024
0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.08
0.08
0.08
0.08
0.32
2023
0.08
0.08
0.08
0.09
0.33
2024
0.09
- -
- -
- -
- -

Company Description

APIChat
CEO
Craig A. Hankinson
Full Time Employees
287
Sector
Financial Services
Industry
Banks - Regional
Address
10753 Macatawa Drive Holland MI United States of America 49424
IPO Date
May 20, 1998
Business
Macatawa Bank Corporation (MCBC) operates as the bank holding company for Macatawa Bank, a community bank providing commercial and consumer banking services, trust services, and wealth management primarily in West Michigan; its core offerings include deposit products such as checking accounts, savings accounts, money market accounts, certificates of deposit, and demand deposits; commercial and industrial loans for operations and equipment financing; commercial real estate loans encompassing construction, development, multi-family, and non-residential properties; residential mortgage loans; consumer loans comprising automobile loans, home equity lines of credit, installment loans, home improvement loans, deposit account loans, and other household loans; ATM and debit card processing; cash management; brokerage services; asset management; personal trust administration; and retirement plan services to individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities through 26 full-service branches in Kent, Ottawa, and Allegan counties. Founded in 1997 and headquartered in Holland, Michigan, the company maintains a localized focus with branches in communities including Grand Rapids, Holland, Zeeland, Hamilton, Douglas, Byron Center, and Grandville. In 2024, Macatawa Bank Corporation entered into a definitive merger agreement with Wintrust Financial Corporation announced on April 15, pursuant to which Macatawa shareholders approved the all-stock transaction in July 2024, the deal received a Crain's M&A award for the largest banking and finance transaction, and Wintrust completed the acquisition, integrating Macatawa as a Wintrust Community Bank while retaining its name, local management, branches, and community board to expand Wintrust's presence in West Michigan and enhance customer access to broader products and resources.

Company News

APIChat
  • Macatawa Bank Corporation Announces Special Meeting Results

  • MACATAWA BANK INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC

  • MACATAWA BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC

  • SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Macatawa Bank Corp. - MCBC

  • Macatawa Bank (MCBC) Q1 Earnings and Revenues Miss Estimates

  • Macatawa Bank Corporation Declares Quarterly Dividend

  • Macatawa Bank Corporation Reports First Quarter 2024 Results

  • MACATAWA BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Macatawa Bank Corporation - MCBC

  • Macatawa (MCBC) Moves 37.7% Higher: Will This Strength Last?

  • Shareholder Alert: Ademi LLP investigates whether Macatawa Bank Corporation has obtained a Fair Price in its transaction with Wintrust

  • MCBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Macatawa Bank Corporation Is Fair to Shareholders

  • Macatawa Bank (MCBC) is a Top Dividend Stock Right Now: Should You Buy?

  • Macatawa Bank Corporation Declares Quarterly Dividend

  • Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Results

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  • Macatawa (MCBC) Surges 5.1%: Is This an Indication of Further Gains?

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