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MCBC

Macatawa Bank Corp.

$9.85

Earnings Summary

Revenue
$15.44Mn
Net Profits
$14.84Mn
Net Profit Margins
96.16%
PE Ratio
12.89

Highlights

Revenue:

Macatawa Bank Corp.’s revenue fell -23.73% since last year same period to $15.44Mn in the Q2 2022. On a quarterly growth basis, Macatawa Bank Corp. has generated -10.56% fall in its revenue since last 3-months.

Net Profits:

Macatawa Bank Corp.’s net profit jumped 89.86% since last year same period to $14.84Mn in the Q2 2022. On a quarterly growth basis, Macatawa Bank Corp. has generated 147.38% jump in its net profits since last 3-months.

Net Profit Margins:

Macatawa Bank Corp.’s net profit margin jumped 148.94% since last year same period to 96.16% in the Q2 2022. On a quarterly growth basis, Macatawa Bank Corp. has generated 176.59% jump in its net profit margins since last 3-months.

PE Ratio:

Macatawa Bank Corp.’s price-to-earnings ratio after this Q2 2022 earnings stands at 12.89.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Macatawa Bank Corp. post its latest quarter earnings

EPS Estimate Current Quarter
0.21
EPS Estimate Current Year
0.21

Highlights

EPS Estimate Current Quarter:

Macatawa Bank Corp.’s earning per share (EPS) estimates for the current quarter stand at 0.21 - a 23.53% jump from last quarter’s estimates.

EPS Estimate Current Year:

Macatawa Bank Corp.’s earning per share (EPS) estimates for the current year stand at 0.21.

Key Ratios

Key ratios of the Macatawa Bank Corp. post its Q2 2022 earnings

Earning Per Share (EPS)
0.19
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.11
Dividend Per Share (DPS)
0.32

Highlights

Earning Per Share (EPS):

Macatawa Bank Corp.’s earning per share (EPS) fell -17.39% since last year same period to 0.19 in the Q2 2022. This indicates that the Macatawa Bank Corp. has generated -17.39% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Macatawa Bank Corp.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Macatawa Bank Corp.’s return on equity (ROE) stands at 0.11.

Dividend Per Share (DPS):

Macatawa Bank Corp. declared 0.32 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-07-28
0.17
0.19
11.76%
2022-04-28
0.16
0.18
12.5%

Company Information

Macatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities from a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties. The bank is recognized for its local management team and decision making, along with providing customers excellent service, a rewarding experience and superior financial products. Macatawa Bank has been recognized for the past ten consecutive years as one of 'West Michigan's 101 Best and Brightest Companies to Work For.

Organisation
Macatawa Bank Corp.
Headquarters
Holland, Michigan, US
Employees
321
Industry
Finance