Earnings Summary

Macatawa Bank Corp’s revenue jumped 151.02% since last year same period to $34.32Mn in the Q4 2023. On a quarterly growth basis, Macatawa Bank Corp has generated 15.22% jump in its revenue since last 3-months.

Macatawa Bank Corp’s net profit fell -21.64% since last year same period to $9.49Mn in the Q4 2023. On a quarterly growth basis, Macatawa Bank Corp has generated -16.81% fall in its net profits since last 3-months.

Macatawa Bank Corp’s net profit margin fell -68.78% since last year same period to 27.66% in the Q4 2023. On a quarterly growth basis, Macatawa Bank Corp has generated -27.8% fall in its net profit margins since last 3-months.

Macatawa Bank Corp’s price-to-earnings ratio after this Q4 2023 earnings stands at 42.82.

Macatawa Bank Corp’s earning per share (EPS) estimates for the current quarter stand at 0.3 - a -3.23% fall from last quarter’s estimates.

Macatawa Bank Corp’s earning per share (EPS) estimates for the current year stand at 0.3.

Macatawa Bank Corp’s earning per share (EPS) fell -11.43% since last year same period to 0.31 in the Q4 2023. This indicates that the Macatawa Bank Corp has generated -11.43% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

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 0.02.

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 0.16.

Macatawa Bank Corp declared 0.09 dividend per share during the earnings announcement for Q4 2023.