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MCBC - Macatawa Bank Corporation

NASDAQ -> Financial Services -> Banks—Regional
Holland, United States
Type: Equity

MCBC price evolution
MCBC
(in millions $) 31 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $450.35 $510.47 $383.93 $420.74
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $38.6 $39.4 $39.77 $40.25
Goodwill & intangible assets
Total noncurrent assets
Total investments $2171.48 $2117.78 $2117.91 $2088.79
Total assets $2748.7 $2759.71 $2630.25 $2637.15
Current liabilities
Accounts payable
Deferred revenue
Short long term debt
Total current liabilities $15.88 $14.25 $14.89 $15.69
Long term debt
Total noncurrent liabilities
Total debt $30 $30 $30 $30
Total liabilities $2461.61 $2489.83 $2366.43 $2376.59
Shareholders' equity
Retained earnings $89.76 $83.35 $74.67 $67.09
Other shareholder equity $287.08 -$33.56 -$30.76 -$26.26
Total shareholder equity $287.08 $269.88 $263.82 $260.57
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $450.35 $755.17 $1151.79 $783.74
Short term investments
Net receivables
Inventory
Total current assets
Long term investments
Property, plant & equipment $38.6 $40.31 $41.77 $43.25
Goodwill & intangible assets
Total noncurrent assets
Total investments $2171.48 $2020.91 $1659.13 $1745.2
Total assets $2748.7 $2906.92 $2928.75 $2642.03
Current liabilities
Accounts payable
Deferred revenue
Short long term debt
Total current liabilities $15.88 $14.74 $11.8 $13
Long term debt $90.62
Total noncurrent liabilities
Total debt $30 $30 $85 $90.62
Total liabilities $2461.61 $2659.88 $2674.75 $2402.18
Shareholders' equity
Retained earnings $89.76 $59.04 $35.22 $17.1
Other shareholder equity $287.08 $247.04 -$0.3 $4.21
Total shareholder equity $287.08 $247.04 $254 $239.84
(in millions $) 31 Jan 2024 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $26.13 $27.01 $25.46 $27.14
Cost of revenue
Gross Profit $27.01 $25.46 $27.14
Operating activities
Research & development
Selling, general & administrative $10.61 $10.49 $10.39
Total operating expenses $12.79 $12.67 $12.16
Operating income $14.22 $12.79 $14.98
Income from continuing operations
EBIT $14.22 $12.79 $14.98
Income tax expense $2.27 $2.81 $2.47 $2.98
Interest expense
Net income
Net income $9.49 $11.41 $10.31 $12
Income (for common shares) $11.41 $10.31 $12
(in millions $) 31 Jan 2024 31 Dec 2022 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $105.89 $91.29 $82.51
Cost of revenue
Gross Profit $91.29 $82.51
Operating activities
Research & development
Selling, general & administrative $39.92 $38.52
Total operating expenses $48.23 $45.73
Operating income $43.06 $36.79
Income from continuing operations
EBIT $43.06 $36.79
Income tax expense $10.52 $8.33 $6.62
Interest expense
Net income
Net income $43.22 $34.73 $30.16
Income (for common shares) $34.73 $30.16
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $9.49 $11.41 $10.31 $12
Operating activities
Depreciation $0.05 $0.02 $0.08 $0.16
Business acquisitions & disposals
Stock-based compensation $0.29 $0.18 $0.18 $0.17
Total cash flows from operations $12.8 $8.16 $10.11 $12.73
Investing activities
Capital expenditures $0.26 -$0.16 -$0.04 $2.2
Investments -$40.12 -$2.77 -$34.78 -$62.37
Total cash flows from investing -$39.86 -$2.93 -$34.83 -$60.17
Financing activities
Dividends paid -$3.08 -$2.73 -$2.73 -$2.73
Sale and purchase of stock -$0.12 -$0.01 -$0.01
Net borrowings
Total cash flows from financing -$33.06 $121.31 -$12.09 -$287
Effect of exchange rate
Change in cash and equivalents -$60.12 $126.54 -$36.81 -$334.43
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $43.22 $34.73 $29.01 $30.16
Operating activities
Depreciation $0.32 $1.56 $2.72 $2.62
Business acquisitions & disposals
Stock-based compensation $0.82 $0.7 $0.68 $0.51
Total cash flows from operations $43.8 $34.8 $35.92 $30.57
Investing activities
Capital expenditures $2.26 -$0.75 -$0.82 -$2.27
Investments -$140.04 -$401.73 $79.32 -$61.53
Total cash flows from investing -$137.78 -$402.48 $69.4 -$63.62
Financing activities
Dividends paid -$11.29 -$10.91 -$10.89 -$10.88
Sale and purchase of stock -$0.14 -$0.21 -$0.13 -$0.09
Net borrowings -$55 -$5.62 $10
Total cash flows from financing -$210.84 -$28.94 $262.73 $544.33
Effect of exchange rate
Change in cash and equivalents -$304.82 -$396.62 $368.05 $511.29
Fundamentals
Market cap $336.40M
Enterprise value -$83.95M
Shares outstanding 34.36M
Revenue $105.74M
EBITDA N/A
EBIT N/A
Net Income $43.22M
Revenue Q/Q -5.09%
Revenue Y/Y 15.83%
P/E ratio 7.78
EV/Sales -0.79
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 3.18
P/B ratio InfinityT
Book/Share 0.00
Cash/Share 13.11
EPS $1.26
ROA 1.60%
ROE 15.99%
Debt/Equity 8.57
Net debt/EBITDA N/A
Current ratio N/A
Quick ratio N/A