Macatawa Bank Corporation

NASDAQ MCBC

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Macatawa Bank Corporation Dividend Payout Ratio for the quarter ending March 31, 2024: 31.47%

Macatawa Bank Corporation Dividend Payout Ratio is 31.47% for the quarter ending March 31, 2024, a 38.23% change year over year. The dividend payout ratio measures the percentage of a company's net income that is distributed as dividends to shareholders. It is calculated by dividing dividends paid by net income. This ratio provides insights into the portion of earnings that is returned to shareholders in the form of dividends. A higher ratio indicates a larger proportion of earnings being paid out as dividends.

Macatawa Bank Corporation Dividend Payout Ratio for the quarter ending March 31, 2023 was 22.77%, a -49.93% change year over year.
Macatawa Bank Corporation Dividend Payout Ratio for the quarter ending March 31, 2022 was 45.47%, a 29.87% change year over year.
Macatawa Bank Corporation Dividend Payout Ratio for the quarter ending March 31, 2021 was 35.01%, a -17.48% change year over year.
Macatawa Bank Corporation Dividend Payout Ratio for the quarter ending March 31, 2020 was 42.43%, a 36.42% change year over year.

NASDAQ: MCBC

Macatawa Bank Corporation

CEO	Mr. Ronald L. Haan
IPO Date	May 20, 1998
Location	United States
Headquarters	10753 Macatawa Drive, Holland, MI, United States, 49424
Employees	287
Sector	Financial Services
Industry	Banks - regional

Description

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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