Macatawa Bank Corp financial data

Symbol
MCBC on Nasdaq
Industry
State Commercial Banks
Location
10753 Macatawa Drive, Holland, MI
State of incorporation
Michigan
Fiscal year end
December 31
Latest financial report
10-Q - Q1 2024 - Apr 25, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 866 % -16%
Return On Equity 14.7 % -10.7%
Return On Assets 1.53 % +4.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 34.4M shares +0.2%
Common Stock, Shares, Outstanding 34.4M shares +0.2%
Entity Public Float 291M USD +4.99%
Common Stock, Value, Issued 220M USD +0.31%
Weighted Average Number of Shares Outstanding, Basic 34.4M shares +0.19%
Weighted Average Number of Shares Outstanding, Diluted 34.4M shares +0.19%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 50.9M USD +0.51%
Income Tax Expense (Benefit) 9.9M USD -0.2%
Net Income (Loss) Attributable to Parent 41M USD +0.68%
Earnings Per Share, Basic 1.2 USD/shares +1.7%
Earnings Per Share, Diluted 1.26 USD/shares +24.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Deferred Income Tax Assets, Net 7.39M USD -12.8%
Property, Plant and Equipment, Net 39M USD -3.18%
Operating Lease, Right-of-Use Asset 625K USD -27.8%
Assets 2.61B USD -0.84%
Liabilities 2.32B USD -2.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -23.9M USD +8.9%
Retained Earnings (Accumulated Deficit) 96.5M USD +43.8%
Stockholders' Equity Attributable to Parent 293M USD +12.4%
Liabilities and Equity 2.61B USD -0.84%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 10.1M USD -20.5%
Net Cash Provided by (Used in) Financing Activities -144M USD +49.7%
Net Cash Provided by (Used in) Investing Activities 42.4M USD
Common Stock, Shares Authorized 200M shares 0%
Common Stock, Shares, Issued 34.4M shares +0.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 421M USD -62.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 8.33M USD +93.5%
Deferred Tax Assets, Valuation Allowance 0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 10.3M USD -4.79%
Operating Lease, Liability 627K USD -27.2%
Payments to Acquire Property, Plant, and Equipment 903K USD +82.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 43.4M USD +62.8%
Lessee, Operating Lease, Liability, to be Paid 822K USD +30.7%
Property, Plant and Equipment, Gross 78.8M USD -0.39%
Lessee, Operating Lease, Liability, to be Paid, Year Two 295K USD +90.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 388K USD +7.78%
Operating Lease, Weighted Average Discount Rate, Percent 0.02 pure +172%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 25K USD +1150%
Lessee, Operating Lease, Liability, to be Paid, Year Three 56K USD -50.9%
Current Income Tax Expense (Benefit) 9.43M USD -0.26%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 56K USD
Deferred Tax Assets, Net of Valuation Allowance 10.3M USD -4.79%
Interest Expense 30.1M USD +237%