Macatawa Bank Corp financial data

Industry
State Commercial Banks
Location
10753 Macatawa Drive, Holland, MI
State of incorporation
MI
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%