MCBC
Financials

Macatawa Bank Corporation

MCBC
Since

Headquarters:

MI, United States

Exchange:

NASDAQ

Industry:

Banks—Regional

Number of Employees:

287.00

Current Fiscal Year:

2024

Market Cap:

0.00

Price per Share:

$14.82

Quarterly Dividend per Share:

$0.09
Year-to-date Performance:
%
Dividend Yield:
2.29%
Price-to-book Ratio:
1.74
Trailing P/E Ratio:
12.39

Price History

Latest Prices

DateOpenHighLowClose
2024-07-3114.915.1614.7614.82
2024-07-3014.8414.99514.7314.95
2024-07-2914.9614.9714.6914.77
2024-07-2614.9314.9814.8214.91
2024-07-2514.7214.9414.6714.83

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of 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, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

Financial Performance

2024 Revenue:102.48M

Detailed view of quarterly revenue

2024 Net Income:41.01M

Detailed view of quarterly net income

2024 Free Cash Flow:40.34M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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28.17B
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*Data based on the last 12 months.