Macatawa Net Interest Income vs Income Before Tax Analysis

MCBC Stock

USD 14.00 0.24 1.69%

Macatawa Bank financial indicator trend analysis is infinitely more than just investigating Macatawa Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macatawa Bank is a good investment. Please check the relationship between Macatawa Bank Net Interest Income and its Income Before Tax accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macatawa Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.

Net Interest Income vs Income Before Tax

Net Interest Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macatawa Bank Net Interest Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Macatawa Bank's Net Interest Income and Income Before Tax is 0.9. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Macatawa Bank, assuming nothing else is changed. The correlation between historical values of Macatawa Bank's Net Interest Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Interest Income of Macatawa Bank are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Interest Income i.e., Macatawa Bank's Net Interest Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Macatawa Bank income statement and is an important metric when analyzing Macatawa Bank profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Macatawa Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macatawa Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macatawa Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.At present, Macatawa Bank's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 7.27, whereas Selling General Administrative is forecasted to decline to about 26.3 M.

	2021	2022	2023	2024 (projected)
Interest Expense	2.6M	4.8M	634K	602.3K
Depreciation And Amortization	2.7M	1.6M	2.1M	2.8M

Interest Expense Depreciation And Amortization

Macatawa Bank fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Non Current Liabilities Total	Other Liab	Accounts Payable	Long Term Debt
Total Assets		-0.1	0.75	0.24	0.32	-0.16	0.51	0.14	0.29	-0.57	0.96	0.77	0.78	0.77	0.8	0.77	0.19	0.82	0.74	-0.34	0.76	0.76	0.47	0.7	0.31	-0.3
Short Long Term Debt Total	-0.1		-0.22	-0.51	0.75	0.96	-0.87	0.21	-0.49	0.13	-0.1	-0.53	-0.38	0.37	0.27	-0.49	0.05	0.05	-0.46	0.69	0.43	0.19	-0.53	-0.27	-0.13	0.6
Total Current Liabilities	0.75	-0.22		0.3	0.01	-0.19	0.56	-0.3	0.35	-0.34	0.69	0.59	0.67	0.38	0.38	0.78	0.05	0.53	0.67	-0.6	0.36	0.36	0.45	0.58	0.3	-0.17
Total Stockholder Equity	0.24	-0.51	0.3		-0.03	-0.64	0.69	0.02	0.98	0.41	0.4	0.49	0.62	0.15	0.08	0.49	0.32	0.32	0.49	-0.18	0.06	0.12	0.45	0.23	-0.1	-0.31
Property Plant And Equipment Net	0.32	0.75	0.01	-0.03		0.6	-0.44	0.52	-0.03	0.01	0.39	0.03	0.12	0.74	0.64	-0.04	0.34	0.47	0.06	0.59	0.8	0.57	-0.07	0.05	-0.21	0.33
Net Debt	-0.16	0.96	-0.19	-0.64	0.6		-0.88	-0.01	-0.6	0.09	-0.2	-0.63	-0.49	0.22	0.16	-0.52	-0.12	-0.07	-0.55	0.55	0.3	0.07	-0.63	-0.25	-0.02	0.6
Retained Earnings	0.51	-0.87	0.56	0.69	-0.44	-0.88		-0.16	0.71	-0.18	0.52	0.77	0.68	0.04	0.13	0.79	0.04	0.3	0.69	-0.72	-0.02	0.14	0.61	0.49	0.23	-0.66
Cash	0.14	0.21	-0.3	0.02	0.52	-0.01	-0.16		-0.06	-0.21	0.23	0.28	0.18	0.45	0.36	-0.01	0.53	0.3	0.21	0.52	0.47	0.44	0.31	-0.15	-0.39	0.02
Non Current Assets Total	0.29	-0.49	0.35	0.98	-0.03	-0.6	0.71	-0.06		0.41	0.41	0.48	0.6	0.18	0.12	0.56	0.23	0.33	0.46	-0.26	0.09	0.1	0.35	0.27	0.01	-0.32
Non Currrent Assets Other	-0.57	0.13	-0.34	0.41	0.01	0.09	-0.18	-0.21	0.41		-0.41	-0.51	-0.2	-0.25	-0.35	-0.33	0.07	-0.41	-0.53	0.26	-0.3	-0.54	-0.38	-0.43	-0.38	0.1
Other Assets	0.96	-0.1	0.69	0.4	0.39	-0.2	0.52	0.23	0.41	-0.41		0.78	0.84	0.81	0.82	0.71	0.31	0.81	0.74	-0.23	0.78	0.79	0.52	0.65	0.14	-0.35
Cash And Short Term Investments	0.77	-0.53	0.59	0.49	0.03	-0.63	0.77	0.28	0.48	-0.51	0.78		0.8	0.45	0.51	0.79	0.43	0.71	0.92	-0.44	0.42	0.56	0.85	0.48	0.17	-0.48
Net Receivables	0.78	-0.38	0.67	0.62	0.12	-0.49	0.68	0.18	0.6	-0.2	0.84	0.8		0.61	0.59	0.75	0.53	0.65	0.78	-0.38	0.53	0.45	0.7	0.61	-0.15	-0.45
Common Stock Total Equity	0.77	0.37	0.38	0.15	0.74	0.22	0.04	0.45	0.18	-0.25	0.81	0.45	0.61		0.95	0.44	0.4	0.74	0.38	0.12	0.99	0.68	0.18	0.45	-0.04	-0.12
Common Stock Shares Outstanding	0.8	0.27	0.38	0.08	0.64	0.16	0.13	0.36	0.12	-0.35	0.82	0.51	0.59	0.95		0.47	0.31	0.66	0.36	-0.04	0.96	0.63	0.17	0.47	0.02	-0.35
Other Stockholder Equity	0.77	-0.49	0.78	0.49	-0.04	-0.52	0.79	-0.01	0.56	-0.33	0.71	0.79	0.75	0.44	0.47		0.09	0.52	0.71	-0.7	0.41	0.32	0.51	0.56	0.26	-0.46
Total Liab	0.19	0.05	0.05	0.32	0.34	-0.12	0.04	0.53	0.23	0.07	0.31	0.43	0.53	0.4	0.31	0.09		0.46	0.39	0.22	0.35	0.22	0.61	-0.18	-0.46	-0.02
Property Plant And Equipment Gross	0.82	0.05	0.53	0.32	0.47	-0.07	0.3	0.3	0.33	-0.41	0.81	0.71	0.65	0.74	0.66	0.52	0.46		0.74	0.02	0.7	0.82	0.53	0.45	0.34	0.07
Total Current Assets	0.74	-0.46	0.67	0.49	0.06	-0.55	0.69	0.21	0.46	-0.53	0.74	0.92	0.78	0.38	0.36	0.71	0.39	0.74		-0.34	0.35	0.63	0.86	0.55	0.18	-0.2
Short Term Debt	-0.34	0.69	-0.6	-0.18	0.59	0.55	-0.72	0.52	-0.26	0.26	-0.23	-0.44	-0.38	0.12	-0.04	-0.7	0.22	0.02	-0.34		0.14	0.25	-0.27	-0.38	-0.29	0.6
Common Stock	0.76	0.43	0.36	0.06	0.8	0.3	-0.02	0.47	0.09	-0.3	0.78	0.42	0.53	0.99	0.96	0.41	0.35	0.7	0.35	0.14		0.69	0.14	0.42	-0.03	-0.1
Other Current Liab	0.76	0.19	0.36	0.12	0.57	0.07	0.14	0.44	0.1	-0.54	0.79	0.56	0.45	0.68	0.63	0.32	0.22	0.82	0.63	0.25	0.69		0.38	0.43	0.26	0.1
Non Current Liabilities Total	0.47	-0.53	0.45	0.45	-0.07	-0.63	0.61	0.31	0.35	-0.38	0.52	0.85	0.7	0.18	0.17	0.51	0.61	0.53	0.86	-0.27	0.14	0.38		0.28	-0.15	-0.28
Other Liab	0.7	-0.27	0.58	0.23	0.05	-0.25	0.49	-0.15	0.27	-0.43	0.65	0.48	0.61	0.45	0.47	0.56	-0.18	0.45	0.55	-0.38	0.42	0.43	0.28		0.16	-0.28
Accounts Payable	0.31	-0.13	0.3	-0.1	-0.21	-0.02	0.23	-0.39	0.01	-0.38	0.14	0.17	-0.15	-0.04	0.02	0.26	-0.46	0.34	0.18	-0.29	-0.03	0.26	-0.15	0.16		0.12
Long Term Debt	-0.3	0.6	-0.17	-0.31	0.33	0.6	-0.66	0.02	-0.32	0.1	-0.35	-0.48	-0.45	-0.12	-0.35	-0.46	-0.02	0.07	-0.2	0.6	-0.1	0.1	-0.28	-0.28	0.12

Click cells to compare fundamentals

Macatawa Bank Account Relationship Matchups

Macatawa Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.6B	2.9B	2.9B	2.6B	1.9B
Short Long Term Debt Total	80.6M	90.6M	85M	30M	30.8M	29.3M
Total Current Liabilities	962.4M	1.5B	1.6B	1.6B	1.3B	1.1B
Total Stockholder Equity	217.5M	239.8M	254.0M	247.0M	2.7B	2.8B
Property Plant And Equipment Net	43.4M	43.3M	41.8M	40.3M	38.6M	47.8M
Net Debt	48.7M	59.1M	61.3M	(21.2M)	(36.0M)	(34.2M)
Retained Earnings	(2.2M)	17.1M	35.2M	59.0M	89.8M	94.2M
Cash	31.9M	31.5M	23.7M	51.2M	36.0M	39.6M
Non Current Assets Total	351.4M	359.6M	594.8M	50.0M	2.3B	2.4B
Non Currrent Assets Other	(351.4M)	(359.6M)	(594.8M)	(848.0M)	66.5M	69.8M
Other Assets	1.5B	2.0B	1.9B	2.1B	2.1B	1.6B
Cash And Short Term Investments	257.2M	268.3M	439.7M	755.2M	483.3M	507.5M
Net Receivables	4.9M	5.6M	4.1M	7.6M	9.0M	5.7M
Common Stock Total Equity	218.1M	218.5M	219.1M	219.6M	252.5M	175.5M
Common Stock Shares Outstanding	34.1M	34.1M	34.2M	34.3M	34.3M	26.6M
Liabilities And Stockholders Equity	2.1B	2.6B	2.9B	2.9B	4.4B	4.7B
Other Stockholder Equity	2.0B	2.4B	2.8B	2.9B	2.7B	2.8B
Total Liab	80.6M	90.6M	85M	2.7B	2.5B	1.4B
Property Plant And Equipment Gross	43.4M	43.3M	82.5M	79.1M	78.8M	52.9M
Total Current Assets	262.1M	273.9M	443.8M	762.8M	483.3M	514.0M
Accumulated Other Comprehensive Income	1.5M	4.2M	(297K)	(31.6M)	(22.9M)	(21.8M)
Common Stock	218.1M	218.5M	219.1M	219.6M	220.3M	178.8M
Other Current Liab	962.4M	1.5B	1.6B	1.6B	1.3B	1.2B
Non Current Liabilities Total	80.6M	90.6M	85M	2.7B	1.2B	1.2B
Other Liab	6.3M	18.7M	13.0M	11.8M	13.6M	7.4M
Accounts Payable	17.4M	13.0M	2.6B	14.7M	13.3M	12.6M
Property Plant Equipment	43.4M	43.3M	41.8M	40.3M	46.4M	51.4M
Short Term Investments	225.2M	236.8M	416.1M	499.3M	447.2M	225.0M
Inventory	(280.1M)	(791.9M)	(1.2B)	(765.1M)	(492.3M)	(467.7M)
Other Current Assets	280.1M	791.9M	1.2B	765.1M	459.3M	720.7M
Net Tangible Assets	217.5M	239.8M	254.0M	247.0M	284.1M	189.8M
Retained Earnings Total Equity	(2.2M)	17.1M	35.2M	59.0M	67.9M	71.3M
Long Term Investments	1.5B	1.5B	553.1M	848.0M	840.3M	915.2M
Net Invested Capital	298.1M	330.5M	85M	30M	317.1M	189.6M

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

When determining whether Macatawa Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Macatawa Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Macatawa Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Macatawa Bank Stock:

How To Invest In Macatawa

Details

Is Macatawa Stock a good investment?

Details

What is Macatawa Bank's Net Worth?

Details

Largest Regional Banks Companies

View

Largest Banks - Regional Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macatawa Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.

Note that the Macatawa Bank information on this page should be used as a complementary analysis to other Macatawa Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

Complementary Tools for Macatawa Stock analysis

When running Macatawa Bank's price analysis, check to measure Macatawa Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macatawa Bank is operating at the current time. Most of Macatawa Bank's value examination focuses on studying past and present price action to predict the probability of Macatawa Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macatawa Bank's price. Additionally, you may evaluate how the addition of Macatawa Bank to your portfolios can decrease your overall portfolio volatility.

	Stocks Directory Find actively traded stocks across global markets
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
	Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios
	Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account
	Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
	Commodity Channel Use Commodity Channel Index to analyze current equity momentum

Is Macatawa Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macatawa Bank. If investors know Macatawa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macatawa Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.19)

Dividend Share

0.34

Earnings Share

0.27

Revenue Per Share

3.018

Quarterly Revenue Growth

(0.07)

The market value of Macatawa Bank is measured differently than its book value, which is the value of Macatawa that is recorded on the company's balance sheet. Investors also form their own opinion of Macatawa Bank's value that differs from its market value or its book value, called intrinsic value, which is Macatawa Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macatawa Bank's market value can be influenced by many factors that don't directly affect Macatawa Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Macatawa Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Macatawa Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macatawa Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Macatawa Net Interest Income vs Income Before Tax Analysis

Net Interest Income vs Income Before Tax

Net Interest Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Net Interest Income

Income Before Tax

Macatawa Bank fundamental ratios Correlations

Macatawa Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Macatawa Bank fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Macatawa Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Common Stock Total Equity
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Other Assets	+ 0.96	Total Assets
Net Debt	+ 0.96	Short Long Term Debt Total
Common Stock	+ 0.96	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.95	Common Stock Total Equity

Retained Earnings	- 0.88	Net Debt
Retained Earnings	- 0.87	Short Long Term Debt Total
Short Term Debt	- 0.72	Retained Earnings
Short Term Debt	- 0.7	Other Stockholder Equity
Long Term Debt	- 0.66	Retained Earnings
Net Debt	- 0.64	Total Stockholder Equity