Macatawa Financial Statements From 2010 to 2024

MCBC Stock  USD 13.85  0.16  1.17%   
Macatawa Bank financial statements provide useful quarterly and yearly information to potential Macatawa Bank investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Macatawa Bank financial statements helps investors assess Macatawa Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Macatawa Bank's valuation are summarized below:
Gross Profit
91.3 M
Profit Margin
0.4103
Market Capitalization
469.7 M
Revenue
105.3 M
Earnings Share
0.33
We have found one hundred twenty available fundamental ratios for Macatawa Bank, which can be analyzed and compared to other ratios and to its peers in the industry. Investors should ensure to check all of Macatawa Bank's last-minute performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 407 M, whereas Enterprise Value is forecasted to decline to about 246.4 M.

Macatawa Bank Total Revenue

66.59 Million

Check Macatawa Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Macatawa main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 M, Interest Expense of 602.3 K or Selling And Marketing Expenses of 945.9 K, as well as many exotic indicators such as Price To Sales Ratio of 3.76, Dividend Yield of 0.0231 or PTB Ratio of 1.68. Macatawa financial statements analysis is a perfect complement when working with Macatawa Bank Valuation or Volatility modules.
  
This module can also supplement Macatawa Bank's financial leverage analysis and stock options assessment as well as various Macatawa Bank Technical models . Check out the analysis of Macatawa Bank Correlation against competitors.
For information on how to trade Macatawa Stock refer to our How to Trade Macatawa Stock guide.

Macatawa Bank Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.9 B2.6 B1.9 B
Slightly volatile
Short and Long Term Debt Total29.3 M30.8 M95.5 M
Slightly volatile
Total Current Liabilities1.5 B1.3 B1.4 B
Slightly volatile
Total Stockholder Equity2.8 B2.7 B513.3 M
Slightly volatile
Property Plant And Equipment Net47.8 M38.6 M44.7 M
Very volatile
Cash39.6 M36 M37.6 M
Very volatile
Non Current Assets Total2.4 B2.3 B510.9 M
Slightly volatile
Other Assets1.6 B2.1 B1.5 B
Slightly volatile
Cash And Short Term Investments507.5 M483.3 M285.7 M
Slightly volatile
Net Receivables5.7 MM4.6 M
Slightly volatile
Common Stock Total Equity175.5 M252.5 M200.1 M
Slightly volatile
Common Stock Shares Outstanding26.6 M34.3 M29.9 M
Slightly volatile
Liabilities And Stockholders Equity4.7 B4.4 B2.2 B
Slightly volatile
Other Stockholder Equity2.8 B2.7 B1.5 B
Slightly volatile
Total Liabilities1.4 B2.5 B1.3 B
Pretty Stable
Property Plant And Equipment Gross52.9 M78.8 M53 M
Slightly volatile
Total Current Assets514 M483.3 M282.6 M
Slightly volatile
Short Term Debt39.7 M30.4 M62.5 M
Slightly volatile
Common Stock178.8 M220.3 M198.2 M
Slightly volatile
Other Current Liabilities1.3 B1.3 B1.3 B
Slightly volatile
Non Current Liabilities Total1.2 B1.2 B425 M
Slightly volatile
Other Liabilities7.4 M13.6 M8.3 M
Slightly volatile
Accounts Payable12.6 M13.3 M206.2 M
Pretty Stable
Long Term Debt25.6 M27 M61.8 M
Slightly volatile
Property Plant Equipment51.4 M46.4 M45.8 M
Very volatile
Short Term Investments225 M447.2 M232.6 M
Slightly volatile
Net Tangible Assets189.8 M284.1 M173.7 M
Slightly volatile
Long Term Debt Total17.6 M18.6 M64.9 M
Slightly volatile
Long Term Investments915.2 M840.3 M1.1 B
Pretty Stable
Short and Long Term Debt8.6 MM68.7 M
Slightly volatile
Non Current Liabilities Other25.6 M27 M71.4 M
Slightly volatile
Earning Assets480.5 M647.8 M468.6 M
Slightly volatile
Net Invested Capital189.6 M317.1 M266.2 M
Slightly volatile
Capital Stock240.8 M220.3 M219.8 M
Slightly volatile

Macatawa Bank Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization2.8 M2.1 M2.5 M
Very volatile
Interest Expense602.3 K634 K6.2 M
Slightly volatile
Selling And Marketing Expenses945.9 K923.5 K845.5 K
Slightly volatile
Total Revenue66.6 M132.3 M65.2 M
Slightly volatile
Gross Profit17.5 M18.4 M54.3 M
Very volatile
Operating Income36.4 M53.7 M31 M
Slightly volatile
EBIT36.3 M51.6 M30.8 M
Slightly volatile
EBITDA39.1 M53.7 M33.3 M
Slightly volatile
Selling General Administrative26.3 M30.4 M25.3 M
Slightly volatile
Cost Of Revenue107.6 M102.4 M47.6 M
Slightly volatile
Income Before Tax56.4 M53.7 M28.1 M
Slightly volatile
Net Income From Continuing Ops25.5 M43.2 M22.2 M
Slightly volatile
Non Recurring670.8 K730.8 K813.3 K
Slightly volatile
Tax Provision8.3 M10.5 MM
Slightly volatile
Net Interest Income66.2 M87.4 M55.2 M
Slightly volatile
Interest Income75.7 M113.8 M62.8 M
Slightly volatile
Reconciled Depreciation300.2 K316 KM
Slightly volatile

Macatawa Bank Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow792.9 M755.2 M357.3 M
Slightly volatile
Depreciation2.8 M2.1 M2.5 M
Very volatile
Capital Expenditures417.1 K439 K1.6 M
Slightly volatile
End Period Cash Flow234.1 M450.4 M335 M
Slightly volatile
Stock Based Compensation521.1 K820 K499.3 K
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.762.93085.5264
Pretty Stable
Dividend Yield0.02310.02910.0252
Pretty Stable
PTB Ratio1.681.35011.3956
Slightly volatile
Days Sales Outstanding48.3324.772745.4837
Very volatile
Book Value Per Share4.748.35485.5646
Slightly volatile
Invested Capital0.20.21030.6465
Slightly volatile
Stock Based Compensation To Revenue0.00730.00620.0095
Pretty Stable
PB Ratio1.681.35011.3956
Slightly volatile
EV To Sales4.882.91936.0305
Slightly volatile
ROIC0.110.12440.11
Pretty Stable
Sales General And Administrative To Revenue0.350.23010.4879
Pretty Stable
Cash Per Share16.5415.74779.257
Slightly volatile
Interest Coverage89.0184.774415.8939
Slightly volatile
Payout Ratio0.240.26110.3271
Pretty Stable
Income Quality1.211.00681.1429
Very volatile
Intangibles To Total Assets0.740.710.2736
Slightly volatile
Current Ratio0.330.34980.9106
Slightly volatile
Tangible Book Value Per Share10.718.354818.9958
Slightly volatile
Receivables Turnover9.714.73414.219
Pretty Stable
Graham Number8.0215.37759.1898
Slightly volatile
Shareholders Equity Per Share4.748.35485.5646
Slightly volatile
Debt To Equity0.20.21030.6465
Slightly volatile
Average ReceivablesM2.9 MM
Very volatile
Revenue Per Share2.863.84882.128
Slightly volatile
Interest Debt Per Share1.691.77593.5292
Slightly volatile
Debt To Assets0.02080.02190.055
Slightly volatile
Enterprise Value Over EBITDA7.277.18339.8336
Slightly volatile
Price Book Value Ratio1.681.35011.3956
Slightly volatile
Dividend Payout Ratio0.240.26110.3271
Pretty Stable
Pretax Profit Margin0.260.40640.5127
Slightly volatile
Ebt Per Ebit0.850.810.7295
Slightly volatile
Operating Profit Margin0.540.40640.6228
Slightly volatile
Company Equity Multiplier13.669.584411.3735
Pretty Stable
Long Term Debt To Capitalization0.08990.09460.349
Slightly volatile
Total Debt To Capitalization0.170.17380.3471
Slightly volatile
Return On Capital Employed0.07380.03740.0247
Slightly volatile
Debt Equity Ratio0.20.21030.6465
Slightly volatile
Ebit Per Revenue0.540.40640.6228
Slightly volatile
Quick Ratio0.40.41890.9113
Slightly volatile
Net Income Per E B T0.660.80420.9305
Slightly volatile
Cash Ratio0.02340.02460.6261
Slightly volatile
Days Of Sales Outstanding48.3324.772745.4837
Very volatile
Free Cash Flow Operating Cash Flow Ratio1.280.98991.5523
Slightly volatile
Price To Book Ratio1.681.35011.3956
Slightly volatile
Fixed Asset Turnover3.533.35841.5729
Slightly volatile
Enterprise Value Multiple7.277.18339.8336
Slightly volatile
Debt Ratio0.02080.02190.055
Slightly volatile
Price Sales Ratio3.762.93085.5264
Pretty Stable
Asset Turnover0.03920.04810.0341
Very volatile
Gross Profit Margin0.150.160.6485
Slightly volatile
Price Fair Value1.681.35011.3956
Slightly volatile

Macatawa Bank Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap407 M387.6 M252.5 M
Slightly volatile
Enterprise Value246.4 M386.1 M299.5 M
Slightly volatile

Macatawa Fundamental Market Drivers

Forward Price Earnings7.6161
Cash And Short Term Investments483.3 M

Macatawa Upcoming Events

25th of April 2024
Upcoming Quarterly Report
View
25th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
23rd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Macatawa Bank Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Macatawa Bank income statement, its balance sheet, and the statement of cash flows. Macatawa Bank investors use historical funamental indicators, such as Macatawa Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Macatawa Bank investors may use each financial statement separately, they are all related. The changes in Macatawa Bank's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Macatawa Bank's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Macatawa Bank Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Macatawa Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Revenue132.3 M66.6 M
Cost Of Revenue102.4 M107.6 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.23  0.35 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0)(0)
Revenue Per Share 3.85  2.86 
Ebit Per Revenue 0.41  0.54 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Macatawa Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Macatawa Bank's short interest history, or implied volatility extrapolated from Macatawa Bank options trading.

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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:
Check out the analysis of Macatawa Bank Correlation against competitors.
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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.
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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
(0.21)
Dividend Share
0.33
Revenue Per Share
3.071
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0153
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.