Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank. The Company offers a range of commercial and personal banking services, including checking, savings and certificates of deposit accounts, cash management, safe deposit boxes, trust services, mortgage and consumer loans.

Type
Public
HQ
Holland, US
Founded
1997
Size (employees)
343 (est)
Macatawa Bank Corporation was founded in 1997 and is headquartered in Holland, US
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Key People/Management at Macatawa Bank Corporation

Richard Postma

Richard Postma

Chairman Macatawa Bank Corporation CEO of US Signal Co., LLC, Chairman Macatawa Bank Corporation CEO U.S. Signal Co., LLC
Ronald Haan

Ronald Haan

President & CEO, President & CEO Macatawa Bank Corporation, Chairman, President & CEO Macatawa Bank
Mark Bugge

Mark Bugge

CFO VA Enterprises, LLC
Charles Geenen

Charles Geenen

Partner GDK Construction Company
Robert Herr

Robert Herr

CPA Retired
Birgit Klohs

Birgit Klohs

President the Right Place Program, President the Right Place Inc
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Macatawa Bank Corporation Office Locations

Macatawa Bank Corporation has an office in Holland
Holland, US (HQ)
10753 Macatawa Dr
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Macatawa Bank Corporation Financials and Metrics

Macatawa Bank Corporation Financials

Macatawa Bank Corporation's revenue was reported to be $52.50 m in FY, 2016 which is a 6.3% increase from the previous period.
USD

Revenue (Q1, 2018)

20.2 m

Gross profit (Q1, 2018)

18.3 m

Gross profit margin (Q1, 2018), %

90.9%

Net income (Q1, 2018)

5.8 m

EBIT (Q1, 2018)

14.3 m

Market capitalization (22-Jun-2018)

434.4 m

Closing share price (22-Jun-2018)

12.8

Cash (31-Mar-2018)

130.9 m

EV

344.8 m
Macatawa Bank Corporation's current market capitalization is $434.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

64.8 m63.2 m49.4 m52.5 m

Revenue growth, %

(2%)(22%)6%

Cost of goods sold

5.3 m5 m5.7 m

Gross profit

44.1 m47.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

16.8 m16.9 m17.6 m17.4 m18.2 m18.1 m18.5 m18.9 m20.2 m

Cost of goods sold

1.4 m1.3 m1.3 m1.3 m1.2 m1.3 m1.3 m1.5 m1.8 m

Gross profit

15.4 m15.6 m16.3 m16.1 m17 m16.8 m17.2 m17.4 m18.3 m

Gross profit Margin, %

92%92%93%93%93%93%93%92%91%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

156.9 m129.5 m181.5 m89.8 m161.5 m

Accounts Receivable

3.2 m3.4 m3.6 m4.1 m

Inventories

Total Assets

1.5 b1.6 b1.7 b1.7 b1.9 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

141.6 m123.8 m94.6 m124.9 m57.8 m113.7 m145.3 m159.9 m130.9 m

Total Assets

1.6 b1.7 b1.6 b1.7 b1.7 b1.7 b1.8 b1.8 b1.9 b

Accounts Payable

1.3 b1.4 b1.3 b1.4 b1.4 b1.4 b1.5 b1.5 b1.6 b

Long-term debt

41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

9.5 m10.5 m12.8 m16 m16.3 m

Depreciation and Amortization

3.1 m3.1 m3 m2.8 m2.3 m

Inventories

Accounts Payable

(3.7 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

7.3 m2.6 m5.4 m8.2 m2.8 m6.1 m9.3 m3.5 m7.2 m11.8 m4.5 m9.2 m14.1 m5.8 m

Depreciation and Amortization

2.3 m774 k1.6 m2.4 m684 k1.5 m2.2 m659 k1.4 m2.1 m537 k973 k1.4 m534 k

Accounts Payable

1.6 m

Cash From Operating Activities

16 m6.8 m10.8 m13.1 m727 k2.2 m7.8 m5.1 m9.9 m13.7 m5.4 m10.3 m18.9 m7.6 m
USDY, 2018

EV/EBIT

24.1 x

EV/CFO

45.4 x

Revenue/Employee

58.7 k

Financial Leverage

10.6 x
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Macatawa Bank Corporation Operating Metrics

Macatawa Bank Corporation's Total Loans was reported to be $1.3b in Q2, 2017.
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Macatawa Bank Corporation Online and Social Media Presence

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