Macatawa Bank Stock (NASDAQ:MCBC)


RevenueOwnershipFinancialsChart

Previous Close

$14.95

52W Range

$8.31 - $15.16

50D Avg

$14.34

200D Avg

$11.62

Market Cap

$509.24M

Avg Vol (3M)

$203.52K

Beta

0.53

Div Yield

$0.36 (1.21%)

MCBC Company Profile


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.

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Industry

Banks - Regional

Sector

Financial Services

Exchange

NASDAQ

ADR

-

Country

US

Employees

287

IPO Date

May 20, 1998

Website

MCBC Performance


MCBC Financial Summary


Dec 23Dec 22Dec 21
Revenue$18.44M$13.67M$79.76M
Operating Income$53.75M$47.82M$35.72M
Net Income$53.75M$34.73M$29.01M
EBITDA$53.75M$49.38M$38.45M
Basic EPS-$1.01$0.85
Diluted EPS-$1.01$0.85

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q4 08Jan 27, 09 | 12:44 PM
Q3 08Oct 23, 08 | 4:14 AM
Q2 08Jul 15, 08 | 2:52 PM

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