Macatawa Bank Corporation
MCBC 
NGS
Sector: Financial Services
Industry: Banks - Regional - US
13.85
USD
0.16
(1.17%)
Optionable: Yes Market Cap: 470 M 90-day average vol: 113,375
Previous close: 13.69 Open: 13.65 Bid: 13.81 Ask: 13.85
52 week range
8.31 14.00
Last updated: Friday 19th April 2024
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MCBC Income Statement
Annual
| Dec-14 | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Basic EPS from continuing operations | 0.31 | 0.38 | 0.47 | 0.48 | 0.78 | 0.94 | 0.88 | 0.85 | 1.01 | 1.26 |
| Basic EPS total | 0.31 | 0.38 | 0.47 | 0.48 | 0.78 | 0.94 | 0.88 | 0.85 | 1.01 | 1.26 |
| Basic weighted shares outstanding | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M |
| CreditCard | 5 M | 5 M | 5 M | 5 M | ||||||
| CreditLossesProvision | 3 M | 4 M | 1 M | 1 M | 450000.0 | 450000.0 | 3 M | 2 M | 1 M | 550000.0 |
| Depreciation | -3 M | -3 M | -3 M | -3 M | -2 M | -2 M | -2 M | 3 M | 2 M | 2 M |
| DepreciationAndAmortization | -3 M | -3 M | -3 M | -3 M | -2 M | -2 M | -2 M | 3 M | 2 M | 2 M |
| Diluted EPS total | 0.31 | 0.38 | 0.47 | 0.48 | 0.78 | 0.94 | 0.88 | 0.85 | 1.01 | 1.26 |
| Diluted normalized net income/share | 0.31 | 0.38 | 0.47 | 0.48 | 0.78 | 0.94 | 0.88 | 0.85 | 1.01 | |
| Diluted weighted shares outstanding | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M |
| Dividends paid per share | 0.08 | 0.18 | 0.25 | 0.28 | 0.32 | 0.32 | 0.33 | |||
| Equipment | 3 M | 3 M | 3 M | 3 M | 3 M | 3 M | 4 M | 4 M | 4 M | 4 M |
| FeesAndCommissions | 12 M | 12 M | 13 M | 3000.0 | ||||||
| GeneralAndAdministrativeExpense | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 1 M | 1 M | 2 M |
| ImpairmentOfCapitalAssets | 999000.0 | 2 M | -234000.0 | |||||||
| Income before tax | 15 M | 18 M | 22 M | 27 M | 32 M | 39 M | 37 M | 36 M | 43 M | 54 M |
| Income taxes | 8 M | 8 M | 8 M | 12 M | 7 M | 8 M | 7 M | 7 M | 8 M | 11 M |
| InsuranceAndClaims | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 1 M | 1 M | 2 M |
| Interest expense | -6 M | -5 M | -5 M | -6 M | -9 M | -12 M | -6 M | 3 M | 5 M | 26 M |
| InterestExpenseForCapitalizedLeaseObligations | -425000.0 | 431000.0 | 451000.0 | 478000.0 | ||||||
| InterestExpenseForDeposit | 3 M | 2 M | 2 M | 3 M | 6 M | 9 M | 3 M | 915000.0 | 4 M | 26 M |
| InterestExpenseForLongTermDebt | 1 M | 2 M | 2 M | 4 M | 4 M | 2 M | 2 M | 987000.0 | 634000.0 | |
| InterestExpenseForLongTermDebtAndCapitalSecurities | 1 M | 2 M | 2 M | 4 M | 4 M | 2 M | 2 M | 987000.0 | 634000.0 | |
| InterestExpenseForShortTermDebt | 2 M | 2 M | 2 M | 1 M | 1 M | |||||
| InterestIncome | 47 M | 49 M | 52 M | 58 M | 69 M | 76 M | 67 M | 59 M | 75 M | 114 M |
| InterestIncomeAfterProvisionForLoanLoss | 41 M | 44 M | 48 M | 52 M | 59 M | 63 M | 56 M | 54 M | 69 M | 87 M |
| InterestIncomeFromFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 910000.0 | 907000.0 | 958000.0 | 1 M | 3 M | 5 M | 1 M | 2 M | 14 M | 23 M |
| InterestIncomeFromInvestmentSecurities | 3 M | 4 M | 4 M | 5 M | 7 M | 7 M | 7 M | 6 M | 14 M | 21 M |
| InterestIncomeFromLoans | 43 M | 45 M | 47 M | 51 M | 59 M | 64 M | 59 M | 51 M | 47 M | 70 M |
| InterestIncomeFromLoansAndLease | 43 M | 45 M | 47 M | 51 M | 59 M | 64 M | 59 M | 51 M | 47 M | 70 M |
| InterestIncomeFromSecurities | 3 M | 4 M | 4 M | 5 M | 7 M | 7 M | 7 M | 6 M | 14 M | 21 M |
| MarketingExpense | 1 M | 951000.0 | 1000000.0 | 882000.0 | 881000.0 | 919000.0 | 891000.0 | 723000.0 | 803000.0 | 803000.0 |
| Net income from total operations | 4 M | 6 M | 13 M | 14 M | 26 M | 31 M | 30 M | 29 M | 35 M | 43 M |
| NetIncomeCommonStockholders | 4 M | 6 M | 13 M | 14 M | 26 M | 31 M | 30 M | 28 M | 35 M | 43 M |
| NetIncomeContinuousOperations | 4 M | 6 M | 13 M | 14 M | 26 M | 31 M | 30 M | 29 M | 35 M | 43 M |
| NetInterestIncome | 45 M | 48 M | 49 M | 53 M | 59 M | 64 M | 59 M | 56 M | 70 M | 87 M |
| NetOccupancyExpense | 4 M | 4 M | 4 M | 4 M | 4 M | 4 M | 4 M | 4 M | 4 M | 4 M |
| NonInterestExpense | -46 M | -47 M | -46 M | -44 M | -44 M | -44 M | -46 M | 46 M | 48 M | 52 M |
| NonInterestIncome | 16 M | 18 M | 19 M | 17 M | 18 M | 20 M | 24 M | 24 M | 20 M | 18 M |
| NonRecurringOperationExpense | -516000.0 | |||||||||
| Normalized income | 12 M | 19 M | 25 M | |||||||
| OccupancyAndEquipment | 7 M | 7 M | 7 M | 7 M | 7 M | 7 M | 8 M | 8 M | 8 M | 8 M |
| Other special charges | -2 M | -2 M | -7 M | -3 M | -453000.0 | -1 M | -16 M | -15 M | -17 M | |
| OtherGandA | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 5 M | 1 M | 1 M | 2 M |
| OtherInterestExpense | 1 M | -5 M | -5 M | -6 M | -9 M | -12 M | -6 M | -56 M | -70 M | -87 M |
| OtherNonInterestExpense | 4 M | 6 M | 5 M | 4 M | 5 M | 5 M | 5 M | 7 M | 8 M | 7 M |
| OtherNonInterestIncome | 3 M | 3 M | 3 M | 16 M | 17 M | 17 M | 17 M | 19 M | 19 M | 18 M |
| ProfessionalExpenseAndContractServicesExpense | 846000.0 | 833000.0 | 863000.0 | 812000.0 | 806000.0 | 952000.0 | 1 M | 1 M | 961000.0 | 1 M |
| RentAndLandingFees | -436000.0 | -417000.0 | -398000.0 | -410000.0 | -440000.0 | -430000.0 | -425000.0 | |||
| SalariesAndWages | 23 M | 25 M | 25 M | 25 M | 25 M | 25 M | 26 M | 25 M | 26 M | 29 M |
| SecuritiesActivities | 75000.0 | 129000.0 | 124000.0 | 3000.0 | ||||||
| Selling Gen & administrative expense | 30 M | 31 M | 31 M | 31 M | 31 M | 31 M | 31 M | 27 M | 28 M | 31 M |
| SellingAndMarketingExpense | 1 M | 951000.0 | 1000000.0 | 882000.0 | 881000.0 | 919000.0 | 891000.0 | 723000.0 | 803000.0 | 803000.0 |
| ServiceChargeOnDepositorAccounts | 7 M | 7 M | 8 M | 8 M | ||||||
| Special income/charges | -5 M | -6 M | -5 M | -4 M | -5 M | -5 M | -5 M | -7 M | -8 M | -7 M |
| Total common shares outstanding | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M |
| Total net income | 4 M | 6 M | 13 M | 14 M | 26 M | 31 M | 30 M | 29 M | 35 M | 43 M |
| Total ordinary shares | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M | 34 M |
| Total revenues | 61 M | 65 M | 68 M | 71 M | 77 M | 84 M | 83 M | 80 M | 90 M | 106 M |
| TotalRevenue | 61 M | 65 M | 68 M | 71 M | 77 M | 84 M | 83 M | 80 M | 90 M | 106 M |
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