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Macatawa Bank Corporation (MCBC)
Key financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 68 | 71 | 80 | 77 | 9 | 132 | 101 |
| Operating profit | $m | 54 | - | |||||
| Net profit | $m | 26 | 32 | 30 | 29 | 35 | 43 | 41 |
| EPS reported | $ | 1.26 | 1.19 | |||||
| Operating cashflow per share | $ | 1.27 | 1.27 | |||||
| Capex per share | $ | 0.01 | 0.01 | |||||
| FCF per share | $ | 1.25 | 1.25 | |||||
| Free cash flow | $m | 43 | 40 | |||||
| Net debt | $m | -452 | -338 | |||||
| Book value equity | $m | 287 | 293 | |||||
| Book value per share | $ | 8.35 | 8.53 | |||||
| Number of shares | m | 34.36 | 34.36 | |||||
| DPS (TTM paid) | $ | 0.33 | 0.35 |
Financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 8.95 | - | |||||
| P/B LTM | x | 1.35 | 1.74 | |||||
| P/S LTM | x | 2.94 | 5.03 | |||||
| P/FCF LTM | x | 9.00 | 12.63 | |||||
| EV/EBITDA LTM | x | 7.18 | 27.24 | |||||
| EV/Sales LTM | x | 2.92 | 1.69 | |||||
| Earnings Yield LTM | % | 11.17% | 8.49% | |||||
| FCF Yield | % | 11.11% | 7.91% | |||||
| Quality | ||||||||
| ROE | % | 15.06% | 16.19% | |||||
| ROIC | % | 2.94% | 2.94% | |||||
| Operating margin | % | 40.64% | 40.64% | |||||
| Gross margin | % | 13.94% | 13.94% | |||||
| FCF/Sales | % | 32.57% | 32.57% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +24.75% | +0.85% | |||||
| Sales Growth YoY | % | +1376.7% | +34.32% | |||||
| Net Income Growth YoY | % | +24.45% | +0.68% | |||||
| FCF Growth | % | +26.69% | -0.03% | |||||
| Operating Profit Growth | % | +12.38% | - | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 2.91% | 2.36% | |||||
| Dividend Growth | % | +3.13% | - | |||||
| Payout Ratio | % | 26.11% | 28.49% | |||||
| FCF/Debt | x | 1.40 | 2.02 | |||||
| Net Debt/EBITDA | x | -0.03 | -0.03 | |||||
| EBIT/Net interest | x | 84.77 | 84.77 | |||||
| Net debt/market cap | % | -116.74% | -66.47% | |||||
| Net debt/Equity | x | -1.58 | -1.16 | |||||
| Gross debt/equity | x | 0.11 | 0.07 | |||||
Company overview
Macatawa Bank Corporation functions as the parent company for Macatawa Bank, delivering a comprehensive suite of commercial, consumer, and trust banking solutions. Its deposit offerings encompass a wide array of options, including checking, savings, money market, and demand accounts, alongside various time deposits and certificates of deposit. The institution also provides diverse loan products. These include commercial and industrial loans, designed to fund business operations and equipment purchases. Additionally, it offers commercial real estate financing for projects ranging from construction and development to multi-family dwellings and other non-residential properties. Residential mortgage loans are available, alongside a variety of consumer lending options such as automobile loans, home equity lines of credit (HELOCs), installment loans, home improvement financing, deposit-secured loans, and other personal or household-related credit. Beyond lending and deposits, Macatawa Bank delivers services like ATM and debit card processing, comprehensive cash management, trust administration, and brokerage facilities. Furthermore, it assists clients with fraud protection, collection services, disbursement solutions, fund management, and various investment and retirement planning options. Its extensive client base encompasses individuals, businesses, various associations, religious organizations, nonprofit entities, other financial institutions, and governmental bodies. As of year-end 2021, the company maintained a physical presence through 26 full-service branches distributed across Kent, Ottawa, and northern Allegan counties in Michigan. Macatawa Bank Corporation was established in 1997 and is headquartered in Holland, Michigan.
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Macatawa Bank Corporation (MCBC)
Macatawa Bank Corporation functions as the parent company for Macatawa Bank, delivering a comprehensive suite of commercial, consumer, and trust banking solutions. Its deposit offerings encompass a wide array of options, including checking, savings, money market, and demand accounts, alongside various time deposits and certificates of deposit. The institution also provides diverse loan products. These include commercial and industrial loans, designed to fund business operations and equipment purchases. Additionally, it offers commercial real estate financing for projects ranging from construction and development to multi-family dwellings and other non-residential properties. Residential mortgage loans are available, alongside a variety of consumer lending options such as automobile loans, home equity lines of credit (HELOCs), installment loans, home improvement financing, deposit-secured loans, and other personal or household-related credit. Beyond lending and deposits, Macatawa Bank delivers services like ATM and debit card processing, comprehensive cash management, trust administration, and brokerage facilities. Furthermore, it assists clients with fraud protection, collection services, disbursement solutions, fund management, and various investment and retirement planning options. Its extensive client base encompasses individuals, businesses, various associations, religious organizations, nonprofit entities, other financial institutions, and governmental bodies. As of year-end 2021, the company maintained a physical presence through 26 full-service branches distributed across Kent, Ottawa, and northern Allegan counties in Michigan. Macatawa Bank Corporation was established in 1997 and is headquartered in Holland, Michigan.
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