Macatawa Bank (MCBC) Revenue & Revenue Breakdown
Macatawa Bank Revenue Highlights
Latest Revenue (Y)
$18.44M
Latest Revenue (Q)
$29.08M
Macatawa Bank Revenue by Period
Macatawa Bank Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $18.44M | 34.87% |
| 2022-12-31 | $13.67M | -82.86% |
| 2021-12-31 | $79.76M | -6.72% |
| 2020-12-31 | $85.51M | 2.76% |
| 2019-12-31 | $83.22M | 7.89% |
| 2018-12-31 | $77.13M | 11.20% |
| 2017-12-31 | $69.36M | 4.13% |
| 2016-12-31 | $66.61M | 7.66% |
| 2015-12-31 | $61.87M | 7.41% |
| 2014-12-31 | $57.61M | 0.32% |
| 2013-12-31 | $57.42M | -8.98% |
| 2012-12-31 | $63.09M | 3.10% |
| 2011-12-31 | $61.19M | -10.79% |
| 2010-12-31 | $68.59M | -1.30% |
| 2009-12-31 | $69.49M | -8.90% |
| 2008-12-31 | $76.28M | -3.47% |
| 2007-12-31 | $79.01M | -3.16% |
| 2006-12-31 | $81.59M | 7.59% |
| 2005-12-31 | $75.84M | 22.20% |
| 2004-12-31 | $62.06M | 19.96% |
| 2003-12-31 | $51.74M | 24.15% |
| 2002-12-31 | $41.67M | 63.80% |
| 2001-12-31 | $25.44M | 36.40% |
| 2000-12-31 | $18.65M | 54.13% |
| 1999-12-31 | $12.10M | 347.19% |
| 1998-12-31 | $2.71M | - |
Macatawa Bank generated $18.44M in revenue during NA 2023, up 34.87% compared to the previous quarter, and up 23.91% compared to the same period a year ago.
Macatawa Bank Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $29.08M | -15.28% |
| 2023-12-31 | $34.32M | 15.22% |
| 2023-09-30 | $29.79M | 17.47% |
| 2023-06-30 | $25.36M | -5.24% |
| 2023-03-31 | $26.76M | 95.71% |
| 2022-12-31 | $13.67M | -43.63% |
| 2022-09-30 | $24.25M | 23.95% |
| 2022-06-30 | $19.57M | 13.39% |
| 2022-03-31 | $17.26M | -5.04% |
| 2021-12-31 | $18.17M | -7.03% |
| 2021-09-30 | $19.55M | -3.41% |
| 2021-06-30 | $20.24M | -2.01% |
| 2021-03-31 | $20.65M | -12.43% |
| 2020-12-31 | $23.59M | 15.62% |
| 2020-09-30 | $20.40M | -2.40% |
| 2020-06-30 | $20.90M | 5.11% |
| 2020-03-31 | $19.88M | -4.24% |
| 2019-12-31 | $20.76M | 0.30% |
| 2019-09-30 | $20.70M | -0.10% |
| 2019-06-30 | $20.72M | 1.84% |
| 2019-03-31 | $20.35M | 1.57% |
| 2018-12-31 | $20.03M | 3.94% |
| 2018-09-30 | $19.27M | 2.82% |
| 2018-06-30 | $18.75M | 6.65% |
| 2018-03-31 | $17.58M | -1.96% |
| 2017-12-31 | $17.93M | 3.65% |
| 2017-09-30 | $17.30M | 0.79% |
| 2017-06-30 | $17.16M | 3.45% |
| 2017-03-31 | $16.59M | -3.28% |
| 2016-12-31 | $17.15M | 3.75% |
| 2016-09-30 | $16.53M | 6.10% |
| 2016-06-30 | $15.58M | -2.78% |
| 2016-03-31 | $16.02M | 12.17% |
| 2015-12-31 | $14.29M | -7.60% |
| 2015-09-30 | $15.46M | 2.37% |
| 2015-06-30 | $15.10M | 6.21% |
| 2015-03-31 | $14.22M | 0.56% |
| 2014-12-31 | $14.14M | 1.95% |
| 2014-09-30 | $13.87M | 2.08% |
| 2014-06-30 | $13.59M | -2.24% |
| 2014-03-31 | $13.90M | 3.10% |
| 2013-12-31 | $13.48M | 6.15% |
| 2013-09-30 | $12.70M | -9.40% |
| 2013-06-30 | $14.02M | -0.55% |
| 2013-03-31 | $14.10M | 70.61% |
| 2012-12-31 | $8.26M | -54.09% |
| 2012-09-30 | $18.00M | 17.47% |
| 2012-06-30 | $15.32M | 2.20% |
| 2012-03-31 | $14.99M | -0.64% |
| 2011-12-31 | $15.09M | -2.20% |
| 2011-09-30 | $15.43M | 0.19% |
| 2011-06-30 | $15.40M | 0.79% |
| 2011-03-31 | $15.28M | -9.02% |
| 2010-12-31 | $16.79M | 3.89% |
| 2010-09-30 | $16.16M | -15.55% |
| 2010-06-30 | $19.14M | 16.03% |
| 2010-03-31 | $16.50M | -2.51% |
| 2009-12-31 | $16.92M | 0.55% |
| 2009-09-30 | $16.83M | -4.51% |
| 2009-06-30 | $17.62M | -2.74% |
| 2009-03-31 | $18.12M | 3.78% |
| 2008-12-31 | $17.46M | -7.98% |
| 2008-09-30 | $18.97M | -5.80% |
| 2008-06-30 | $20.14M | 2.24% |
| 2008-03-31 | $19.70M | 3.69% |
| 2007-12-31 | $19.00M | - |
Macatawa Bank generated $29.08M in revenue during Q1 2024, up -15.28% compared to the previous quarter, and up 212.66% compared to the same period a year ago.
Macatawa Bank Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| FCAP | First Capital | $51.24M | $14.24M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| MCBC | Macatawa Bank | $18.44M | $29.08M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
MCBC Revenue FAQ
What is Macatawa Bank’s yearly revenue?
Macatawa Bank's yearly revenue for 2023 was $18.44M, representing an increase of 34.87% compared to 2022. The company's yearly revenue for 2022 was $13.67M, representing a decrease of -82.86% compared to 2021. MCBC's yearly revenue for 2021 was $79.76M, representing a decrease of -6.72% compared to 2020.
What is Macatawa Bank’s quarterly revenue?
Macatawa Bank's quarterly revenue for Q1 2024 was $29.08M, a -15.28% decrease from the previous quarter (Q4 2023), and a 8.66% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $34.32M, a 15.22% increase from the previous quarter (Q3 2023), and a 151.02% increase year-over-year (Q4 2022). MCBC's quarterly revenue for Q3 2023 was $29.79M, a 17.47% increase from the previous quarter (Q2 2023), and a 22.81% increase year-over-year (Q3 2022).
What is Macatawa Bank’s revenue growth rate?
Macatawa Bank's revenue growth rate for the last 3 years (2021-2023) was -76.88%, and for the last 5 years (2019-2023) was -77.84%.