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Macatawa Bank Corporation Stock Price

NasdaqGS:MCBC Community·US$509.2m Market Cap
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Snowflake Analysis

Flawless balance sheet average dividend payer.

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Macatawa Bank Corporation Key Details

US$103.6m

Revenue

US$0

Cost of Revenue

US$103.6m

Gross Profit

US$62.6m

Other Expenses

US$41.0m

Earnings

Last Reported Earnings
Mar 31, 2024
Next Reporting Earnings
n/a
1.19
100.00%
39.60%
8.7%
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About MCBC

Founded
1997
Employees
314
CEO
Jon Swets
WebsiteView website
www.macatawabank.com

Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

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