XNAS
MCBC
Market cap509mUSD
Jul 31, Last price
14.82USD
Name
Macatawa Bank Corp
Chart & Performance
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%
Net income
43m
+24.45%
CFO
44m
+25.06%
Dividend
May 10, 20240.09 USD/sh
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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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