Macatawa Bank Corporation (MCBC) Financials
MCBC Assets vs Liabilities
| Date | Assets | Liabilities |
|---|---|---|
| March 31, 2024 | 2.6 billion | 2.3 billion |
| Dec. 31, 2023 | 2.8 billion | 2.5 billion |
| Sept. 30, 2023 | 2.8 billion | 30.0 million |
| June 30, 2023 | 2.6 billion | 30.0 million |
MCBC Free Cash Flow and Stock based compensation
| Date | Free Cash Flow | Stock based compensation |
|---|---|---|
| March 31, 2024 | 9.2 million | 166000 |
| Dec. 31, 2023 | 13.0 million | 287000 |
| Sept. 30, 2023 | 8.0 million | 180000 |
| June 30, 2023 | 10.1 million | 183000 |
MCBC Net Income
| Date | Net Income |
|---|---|
| March 31, 2024 | 9.8 million |
| Dec. 31, 2023 | 9.5 million |
| Sept. 30, 2023 | 11.4 million |
| June 30, 2023 | 10.3 million |
MCBC Cash and Debt
| Date | Cash | Debt | Capital Lease |
|---|---|---|---|
| March 31, 2024 | 358.5 million | 20.0 million | - |
| Dec. 31, 2023 | 483.3 million | 30.0 million | 409000 |
| Sept. 30, 2023 | 510.5 million | 30.0 million | - |
| June 30, 2023 | 383.9 million | 30.0 million | - |
MCBC Shares Outstanding
MCBC Expenses
| Date | Capex | R&D | G&A | S&M |
|---|---|---|---|---|
| March 31, 2024 | 903000 | - | 7.6 million | 211000 |
| Dec. 31, 2023 | 259000 | - | 8.7 million | 155000 |
| Sept. 30, 2023 | 160000 | - | 225000 | 225000 |
| June 30, 2023 | 42000 | - | 7.5 million | 205000 |
MCBC Cost of Revenue
| Date | Revenue | Cost of Revenue |
|---|---|---|
| March 31, 2024 | 33.7 million | 4.7 million |
| Dec. 31, 2023 | 34.3 million | - |
| Sept. 30, 2023 | 29.8 million | - |
| June 30, 2023 | 25.4 million | -1.8 million |
MCBC
Price: $14.82
Dividend Yield: 2.43%
Forward Dividend Yield: 2.43%
Payout Ratio: 133.33%
Dividend Per Share: 0.36 USD
Earnings Per Share: 0.27 USD
P/E Ratio: 54.89
Exchange: NMS
Sector: Financial Services
Industry: Banks - Regional
Country: United States
Volume: 22719
Market Capitalization: 509.2 million
Average Dividend Frequency: 4
Years Paying Dividends: 11
DGR3: 3.12%
DGR5: 5.43%
DGR10: 28.20%