Macatawa Bank Gross profit (Q3, 2018)19.7 M

Macatawa Bank Gross profit margin (Q3, 2018), %88.6%

Macatawa Bank Net income (Q3, 2018)6.9 M

Macatawa Bank EBIT (Q3, 2018)15.2 M

Macatawa Bank Cash, 30-Sep-2018183.2 M

Macatawa Bank EV190.7 M

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## Revenue | 64.8m | 63.2m | 67.2m | 71.6m | 75.1m |

| (2%) | (22%) | 6% | ||

## Cost of goods sold | 5.3m | 5.0m | 5.7m | ||

## Gross profit | 61.9m | 66.6m | 69.4m | ||

| 92% | 93% | 92% | ||

## Sales and marketing expense | 24.7m | 24.9m | 24.8m | ||

## R&D expense | 2.5m | 2.8m | 2.8m | ||

## Operating expense total | 27.2m | 27.7m | 27.6m | ||

## EBIT | 45.5m | 44.7m | 47.6m | 48.9m | 53.3m |

| 70% | 71% | 71% | 68% | 71% |

## Interest expense | 7.3m | 5.6m | |||

## Pre tax profit | 13.8m | 15.0m | 18.4m | 22.2m | 27.0m |

## Income tax expense | 4.3m | 4.6m | 5.6m | 6.2m | 10.7m |

## Net Income | 9.5m | 10.5m | 12.8m | 16.0m | 16.3m |

USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 16.8m | 16.9m | 17.6m | 17.4m | 18.2m | 18.1m | 18.5m | 18.9m | 20.2m | 21.3m | 22.2m | |||||

## Cost of goods sold | 1.4m | 1.3m | 1.3m | 1.3m | 1.2m | 1.3m | 1.3m | 1.5m | 1.8m | 2.2m | 2.5m | |||||

## Gross profit | 15.4m | 15.6m | 16.3m | 16.1m | 17.0m | 16.8m | 17.2m | 17.4m | 18.3m | 19.1m | 19.7m | |||||

| 92% | 92% | 93% | 93% | 93% | 93% | 93% | 92% | 91% | 90% | 89% | |||||

## Sales and marketing expense | 6.1m | 6.2m | 6.2m | 6.2m | 6.2m | 6.0m | 6.2m | 6.2m | 6.2m | 6.4m | 6.4m | |||||

## R&D expense | 648.0k | 619.0k | 659.0k | 688.0k | 741.0k | 682.0k | 731.0k | 655.0k | 695.0k | 797.0k | 747.0k | |||||

## Operating expense total | 6.8m | 6.8m | 6.8m | 6.9m | 6.9m | 6.7m | 6.9m | 6.9m | 6.9m | 14.1m | 7.1m | |||||

## EBIT | 11.3m | 11.4m | 11.8m | 12.4m | 12.2m | 13.1m | 13.2m | 13.5m | 14.3m | 15.0m | 15.2m | |||||

| 68% | 67% | 67% | 71% | 67% | 72% | 71% | 71% | 71% | 70% | 68% | |||||

## Pre tax profit | 4.6m | 4.6m | 4.9m | 5.4m | 6.0m | 6.4m | 6.9m | 7.0m | 7.0m | 8.2m | 8.4m | |||||

## Income tax expense | 1.4m | 1.4m | 1.4m | 1.7m | 1.4m | 2.0m | 2.1m | 2.2m | 1.2m | 1.4m | 1.6m | |||||

## Net Income | 2.2m | 2.6m | 2.8m | 2.8m | 2.8m | 3.2m | 3.2m | 3.5m | 3.7m | 4.6m | 4.5m | 4.8m | 4.9m | 5.8m | 6.7m | 6.9m |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## Cash | 156.9m | 129.5m | 181.5m | 89.8m | 161.5m |

## Accounts Receivable | 3.2m | 3.4m | 3.6m | 4.1m | |

## Inventories | |||||

## Total Assets | 1.5b | 1.6b | 1.7b | 1.7b | 1.9b |

## Accounts Payable | 1.2b | 1.4b | 1.4b | 1.6b | |

## Short-term debt | |||||

## Long-term debt | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m |

## Total Debt | 41.2m | 41.2m | 41.2m | 41.2m | |

## Total Liabilities | 1.4b | 1.6b | 1.6b | 1.7b | |

## Preferred Stock | |||||

## Retained Earnings | (81.8m) | (74.0m) | (64.9m) | (53.0m) | (42.8m) |

## Total Equity | 132.5m | 142.5m | 152.0m | 162.2m | 173.0m |

## Debt to Equity Ratio | 0.3 x | 0.2 x | |||

## Debt to Assets Ratio | 0 x | 0 x | |||

## Financial Leverage | 11.5 x | 11.1 x | 11.4 x | 10.7 x | 10.9 x |

USD | Q1, 2014 | Q2, 2014 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 127.3m | 118.0m | 141.6m | 123.8m | 94.6m | 124.9m | 57.8m | 113.7m | 145.3m | 159.9m | 130.9m | 144.5m | 183.2m |

## Total Assets | 1.5b | 1.5b | 1.6b | 1.7b | 1.6b | 1.7b | 1.7b | 1.7b | 1.8b | 1.8b | 1.9b | 1.9b | 1.9b |

## Accounts Payable | 1.2b | 1.2b | 1.3b | 1.4b | 1.3b | 1.4b | 1.4b | 1.4b | 1.5b | 1.5b | 1.6b | 1.6b | 1.6b |

## Long-term debt | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m |

## Total Debt | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m | 41.2m |

## Total Liabilities | 1.4b | 1.4b | 1.5b | 1.5b | 1.5b | 1.5b | 1.5b | 1.6b | 1.6b | 1.6b | 1.7b | 1.7b | 1.7b |

## Retained Earnings | (79.8m) | (77.7m) | (69.6m) | (67.4m) | (62.4m) | (59.7m) | (56.1m) | (49.9m) | (46.5m) | (43.3m) | (38.8m) | (34.1m) | (29.3m) |

## Total Equity | 135.2m | 138.1m | 146.8m | 149.7m | 155.2m | 158.5m | 162.2m | 166.1m | 170.2m | 173.5m | 175.4m | 179.7m | 184.0m |

## Debt to Equity Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | |

## Debt to Assets Ratio | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | 0 x | |

## Financial Leverage | 11 x | 10.8 x | 11 x | 11.1 x | 10.6 x | 10.5 x | 10.2 x | 10.5 x | 10.3 x | 10.4 x | 10.6 x | 10.4 x | 10.4 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## Net Income | 9.5m | 10.5m | 12.8m | 16.0m | 16.3m |

## Depreciation and Amortization | 3.1m | 3.1m | 3.0m | 2.8m | 2.3m |

## Accounts Receivable | |||||

## Inventories | |||||

## Accounts Payable | (3.7m) | ||||

## Cash From Operating Activities | 16.3m | 16.6m | 14.0m | 16.9m | 22.8m |

## Purchases of PP&E | (42.6m) | (43.9m) | (59.8m) | (89.2m) | (62.1m) |

## Cash From Investing Activities | (41.0m) | (95.8m) | (95.3m) | (105.3m) | (83.2m) |

## Dividends Paid | (2.7m) | (3.7m) | (4.0m) | (6.1m) | |

## Cash From Financing Activities | (44.8m) | 51.8m | 133.3m | (3.2m) | 132.0m |

## Interest Paid | 11.9m | 5.6m | 5.3m | 5.0m | 5.4m |

## Income Taxes Paid | 120.0k | 90.0k | 4.3m | 6.2m | 4.7m |

USD | Y, 2018 |
---|---|

## EV/EBIT | 12.6 x |

## EV/CFO | 8.8 x |

## Debt/Equity | 0.2 x |

## Financial Leverage | 10.4 x |

Report incorrect company information

Macatawa Bank's Total Loans was reported to be $1.3b in Q2, 2017.

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
---|---|---|---|---|---|---|---|---|---|---|---|

## Non-accrual Loans | $8.29 m | $9.71 m | $3.64 m | $4.14 m | $739 k | $396 k | $350 k | $233 k | $300 k | $401 k | $466 k |

## Non-performing Loans | $8.43 m | $9.81 m | $72 k | $4.21 m | $756 k | $427 k | $350 k | $233 k | $300 k | $401 k | $670 k |

## Total Loans | $1.12 b | $1.14 b | $1.13 b | $1.19 b | $1.20 b | $1.22 b | $1.21 b | $1.24 b | $1.28 b | $1.27 b | $1.25 b |

Report incorrect company information