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XNAS
MCBC
Market cap509mUSD
Jul 31, Last price  
14.82USD
Name

Macatawa Bank Corp

Chart & Performance

D1W1MN
P/E
11.78
P/S
3.85
EPS
1.26
Div Yield, %
Shrs. gr., 5y
0.20%
Rev. gr., 5y
11.39%
Revenues
132m
+867.25%
62,062,00075,841,00081,594,00079,014,00076,275,00069,490,00068,590,00061,191,00063,090,00057,424,00057,606,00061,873,00066,614,00069,363,00077,129,00083,215,00085,513,00079,764,00013,673,000132,252,000
Net income
43m
+24.45%
12,776,00020,889,00019,831,0009,269,000-38,854,000-63,641,000-17,854,0005,829,00035,490,0009,549,00010,473,00012,794,00015,951,00016,292,00026,379,00031,979,00030,165,00029,014,00034,731,00043,224,000
CFO
44m
+25.06%
22,095,00032,815,00025,339,00025,548,00020,962,00024,989,00033,533,00012,153,00013,495,00016,312,00016,618,00014,001,00016,928,00022,779,00029,635,00029,720,00030,575,00035,924,00034,800,00043,520,000
Dividend
May 10, 20240.09 USD/sh

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.
IPO date
Apr 02, 1998
Employees
287
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
132,252
867.25%
13,673
-82.86%
Cost of revenue
145,044
28,304
Unusual Expense (Income)
NOPBT
(12,792)
(14,631)
NOPBT Margin
Operating Taxes
10,523
8,333
Tax Rate
NOPAT
(23,315)
(22,964)
Net income
43,224
24.45%
34,731
19.70%
Dividends
(11,285)
(10,915)
Dividend yield
2.91%
2.89%
Proceeds from repurchase of equity
(143)
(207)
BB yield
0.04%
0.05%
Debt
Debt current
30,388
360
Long-term debt
30,409
30,267
Deferred revenue
1,103,415
2,657,720
Other long-term liabilities
15,087
(30,000)
Net debt
(437,564)
(1,572,565)
Cash flow
Cash from operating activities
43,520
34,800
CAPEX
(439)
(796)
Cash from investing activities
(137,498)
(402,480)
Cash from financing activities
(210,840)
(28,938)
FCF
(32,098)
(367,331)
Balance
Cash
483,294
755,170
Long term investments
15,067
848,022
Excess cash
491,748
1,602,508
Stockholders' equity
287,085
247,038
Invested Capital
1,178,890
1,061,838
ROIC
ROCE
EV
Common stock shares outstanding
34,362
34,260
Price
11.28
2.27%
11.03
25.06%
Market cap
387,598
2.57%
377,883
25.27%
EV
(49,966)
(1,194,682)
EBITDA
(10,692)
(13,073)
EV/EBITDA
4.67
91.39
Interest
634
4,760
Interest/NOPBT