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Financial Snapshot

Revenue
TTM
$115.6M
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
$41.01M
Current Assets
Last 4 Quarters
N/A
Current Liabilities
2024 Q1
$17.53M
Current Ratio
Last 4 Quarters
N/A
Total Assets
2024 Q1
$2.615B
Total Liabilities
2024 Q1
$2.322B
Book Value
2024 Q1
293.0M
Cash
2024 Q1
P/E
TTM
12.42
Free Cash Flow
TTM
$40.34M

Stock Price

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Market Cap: $509.24 Million

About MACATAWA BANK CORP

Macatawa Bank Corp. is a holding company, which engages in the provision of financial services. The company is headquartered in Holland, Michigan and currently employs 287 full-time employees. The Bank offers a range of banking, retail and commercial lending, wealth management and e-commerce services to individuals, businesses and governmental entities. The company operates a network of approximately 26 full-service branch offices providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. The company offers loan products to business customers, including commercial and industrial and commercial real estate loans, construction and development loans, and multi-family and other non-residential real estate loans. The company also offers loans products to retail customers, such as residential mortgage and consumer loans. The company offers a range of deposit services, including checking accounts, savings accounts and time deposits of various types. The company also offers trust services, which includes personal trust and retirement plan services.

Industry: State Commercial Banks Peers: Capital Bancorp Inc Civista Bancshares Inc Farmers & Merchants Bancorp Inc First Bancorp Inc First Internet Bancorp Southern First Bancshares Inc PNC Financial Services Group Inc

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