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Macatawa Bank Corp
NASDAQ:MCBC

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Macatawa Bank Corp
NASDAQ:MCBC
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Price: 14.82 USD -0.87% Market Closed
Market Cap: $509.2m
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Net Interest Income
+
3Y
+41%
5Y
+39%
10Y
+107%
Non Interest Income
+
3Y
-27%
5Y
+5%
10Y
+18%
Net Income
+
3Y
+30%
5Y
+45%
10Y
-

Income Statement
Macatawa Bank Corp

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Income Statement
Currency: USD
Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024
Revenue
Net Interest Income
41
41
41
41
42
42
43
44
45
46
47
48
48
49
51
52
54
55
58
60
61
63
63
63
63
62
61
62
61
60
60
56
54
55
60
70
80
86
89
87
86
Interest Income
48
47
47
47
47
48
49
49
50
51
52
53
53
55
56
58
60
63
66
69
72
75
76
76
74
72
68
67
65
64
63
59
56
57
63
75
89
101
110
114
116
Interest Expense
7
6
6
6
5
5
5
5
5
5
5
5
5
5
5
6
6
7
8
9
11
12
13
12
11
10
8
6
4
4
3
3
2
2
3
5
9
14
21
26
30
Non Interest Income
16
16
16
16
17
17
18
18
18
18
19
19
19
19
18
17
17
17
18
18
18
18
19
20
20
21
22
24
26
26
25
24
22
21
20
20
20
19
19
18
19
Revenue
57
N/A
57
-1%
57
+1%
58
+1%
59
+2%
60
+2%
61
+2%
62
+2%
63
+2%
64
+1%
65
+2%
67
+2%
67
+1%
68
+2%
69
+1%
69
+1%
71
+2%
73
+3%
75
+3%
77
+3%
79
+3%
81
+2%
83
+2%
83
+1%
83
0%
83
0%
83
0%
86
+3%
86
+1%
86
0%
85
-1%
80
-6%
76
-4%
76
-1%
80
+6%
90
+12%
100
+11%
105
+6%
108
+2%
106
-2%
104
-2%
Pre-Tax Income
Loan Loss Provision
5
5
4
3
3
3
2
4
3
3
3
1
2
2
2
1
1
1
0
(0)
(0)
(0)
(0)
0
(1)
(2)
(2)
(3)
(2)
(1)
1
2
4
3
2
1
(0)
(1)
(1)
(1)
(1)
Non Interest Expense
(47)
(47)
(46)
(46)
(47)
(47)
(46)
(47)
(47)
(47)
(47)
(46)
(45)
(44)
(44)
(44)
(44)
(45)
(45)
(44)
(44)
(44)
(44)
(44)
(45)
(44)
(44)
(46)
(45)
(47)
(47)
(46)
(46)
(47)
(47)
(48)
(49)
(49)
(50)
(52)
(53)
Pre-Tax Income
14
N/A
14
+1%
15
+5%
15
+1%
15
+2%
16
+4%
17
+4%
18
+11%
19
+4%
20
+4%
21
+7%
22
+4%
24
+7%
25
+6%
26
+4%
27
+3%
28
+2%
29
+5%
30
+5%
32
+7%
35
+7%
36
+5%
38
+4%
39
+3%
38
-4%
37
-1%
36
-4%
37
+2%
38
+5%
39
+1%
39
+1%
36
-8%
34
-6%
32
-5%
36
+11%
43
+21%
51
+18%
55
+9%
57
+3%
54
-6%
51
-5%
Net Income
Tax Provision
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(7)
(7)
(8)
(8)
(7)
(7)
(6)
(6)
(6)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(6)
(6)
(7)
(8)
(10)
(11)
(11)
(11)
(10)
Income from Continuing Operations
10
10
10
10
11
11
12
13
13
14
15
16
17
18
18
19
20
22
24
26
28
30
31
32
31
30
29
30
32
32
32
29
27
26
29
35
41
44
46
43
41
Net Income (Common)
(8)
N/A
(8)
+2%
(7)
+7%
10
N/A
11
+2%
11
+4%
12
+4%
13
+10%
13
+5%
14
+4%
15
+10%
16
+4%
17
+6%
18
+6%
18
+2%
16
-11%
18
+8%
20
+11%
22
+10%
26
+23%
28
+7%
30
+4%
31
+4%
32
+4%
31
-4%
30
-1%
29
-3%
30
+3%
32
+5%
32
+1%
32
+0%
29
-9%
27
-6%
26
-5%
29
+11%
35
+20%
41
+17%
44
+9%
46
+3%
43
-6%
41
-5%
EPS (Diluted)
-0.23
N/A
-0.22
+4%
-0.21
+5%
0.31
N/A
0.31
N/A
0.32
+3%
0.33
+3%
0.38
+15%
0.38
N/A
0.4
+5%
0.45
+12%
0.47
+4%
0.5
+6%
0.53
+6%
0.53
N/A
0.47
-11%
0.51
+9%
0.57
+12%
0.63
+11%
0.78
+24%
0.83
+6%
0.87
+5%
0.91
+5%
0.94
+3%
0.91
-3%
0.89
-2%
0.86
-3%
0.88
+2%
0.92
+5%
0.93
+1%
0.93
N/A
0.85
-9%
0.8
-6%
0.76
-5%
0.84
+11%
1.01
+20%
1.18
+17%
1.29
+9%
1.33
+3%
1.26
-5%
1.19
-6%

See Also

Summary
MCBC intrinsic value, competitors valuation, and company profile.
DCF Valuation
MCBC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MCBC stock valuation using valuation multiples.
Wall Street Estimates
MCBC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MCBC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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