Macatawa Bank Corporation

NASDAQ MCBC

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Macatawa Bank Corporation Pre-Tax Margin for the quarter ending March 31, 2024: 34.58%

Macatawa Bank Corporation Pre-Tax Margin is 34.58% for the quarter ending March 31, 2024, a -52.86% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.

Macatawa Bank Corporation Pre-Tax Margin for the quarter ending March 31, 2023 was 73.35%, a 60.86% change year over year.
Macatawa Bank Corporation Pre-Tax Margin for the quarter ending March 31, 2022 was 45.60%, a -8.82% change year over year.
Macatawa Bank Corporation Pre-Tax Margin for the quarter ending March 31, 2021 was 50.01%, a -0.87% change year over year.
Macatawa Bank Corporation Pre-Tax Margin for the quarter ending March 31, 2020 was 50.45%, a -18.07% 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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