Macatawa Bank Corporation (MCBC) news stock charts
Macatawa Bank Corporation (MCBC) Investment Summary:
As used in this Annual Report, the terms “we,” “us,” “our” and “Macatawa” mean Macatawa Bank Corporation and its subsidiaries, unless the context indicates another meaning. General Macatawa Bank Corporation is a Michigan corporation and is a financial holding company and the bank holding company for its wholly owned banking subsidiary, Macatawa Bank, as well as Macatawa Investment Services, Inc., Macatawa Statutory Trust I and Macatawa Statutory Trust II. Effective November 1, 2006, Macatawa Investment Services, Inc. ceased doing business as a registered broker-dealer. On November 1, 2006 Macatawa Bank began offering brokerage services to its customers through an arrangement with Infinex Investments, Inc. (“Infinex”). Infinex is a full services investment provider, a registered broker-dealer and a member of the National Association of Securities Dealers (NASD) and the Securities Investor Protection Corporation (SIPC). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0000926044-08-000207.html#FIS_BUSINESS"MACATAWA BANK CORP (MCBC:NASDAQ)
Snapshot of MACATAWA BANK CORP (MCBC)
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OPEN
$1.67
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PREVIOUS CLOSE
$1.67
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DAY HIGH
$1.73
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DAY LOW
$1.62
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52 WEEK HIGH
03/27/09 - $4.00
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52 WEEK LOW
02/26/10 - $1.50
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MARKET CAP
28.7M
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AVERAGE VOLUME 10 D
25.0K
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EPS TTM
$-4.22
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SHARES OUTSTANDING
17.7M
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EX-DATE
09/29/08
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for MACATAWA BANK CORP (MCBC)
Macatawa Bank Corp. expected to Report Q1 2010 Results on April 19, 2010. This event was calculated by Capital IQ (Created on February 8, 2010).
Macatawa Bank Corp. reported consolidated unaudited earnings results for fourth quarter and full year ended December 31, 2009. For the quarter the company reported net loss and net loss available to common shares of $9,209,000 or $0.52 loss per diluted share on total interest income of $22,690,000 compared to net loss of $35,057,000 and net loss available to common shares of $35,874,000 or $2.11 loss per diluted share on total interest income of $26,945,000 for the same period a year ago. Loss before income tax was $20,594,000 compared to loss before income tax of $40,337,000 for the same period a year ago. Negative return on average assets was 1.95% against negative return on average assets of 6.59% for the same period in the last year. Negative return on average equity was 38.85% against negative return on average equity of 84.90% for the same period in the last year. Book value per common share as at December 31, 2009 was $3.10 against $6.91 as at December 31, 2008. Net interest income was $13,406,000 against $13,510,000 for the same period in the last year. For full year period, the company reported net loss of $63,641,000 and net loss available to common shares of $66,511,000 or $3.81 loss per diluted share on total interest income of $95,878,000 compared to net loss of $38,854,000 and net loss available to common shares of $39,671,000 or $2.34 loss per diluted share on total interest income of $116,075,000 for the same period a year ago. Loss before income tax was $72,241,000 compared to loss before income tax of $47,227,000 for the same period a year ago. Negative return on average assets was 3.16% against negative return on average assets of 1.82% for the same period in the last year. Negative return on average equity was 50.60% against negative return on average equity of 24.06% for the same period in the last year. Net interest income was $52,793,000 against $58,131,000 for the same period in the last year.
On December 4, 2009, Philip J. Koning announced that he is retiring from his service with Macatawa Bank Corp. and its affiliates. Mr. Koning resigned from the Board of Directors of Macatawa Bank effective December 4, 2009. Mr. Koning's employment in all other positions with the Corporation and its affiliates will end May 20, 2010. Mr. Koning served as the Corporation's President and Co-Chief Executive Officer from February 9, 2009 until August 12, 2009.
Macatawa Bank Corporation financial resources
MCBC Competitors
| Company | Last | Change |
| Capitol Bancorp Ltd | $2.88 USD | +0.33 |
| Fentura Financial Inc | $1.65 USD | 0.00 |
| MBT Financial Corp | $1.53 USD | +0.044 |
| Mercantile Bank Corp | $4.01 USD | +0.08 |
| OAK Financial Corp | $26.94 USD | +0.44 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | MCBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 76.5x |
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MCBC |
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MCBC transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Macatawa Bank Corporation
Macatawa Bank Corporation Reports Fourth Quarter Results
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Macatawa Bank Corporation Announces Date for Its Fourth Quarter 2009 Earnings Release
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Macatawa Bank Enters Into Consent Order With Regulators
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Macatawa Bank Corporation Reports Fourth Quarter Results
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MACATAWA BANK CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financia
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Macatawa Bank Enters Into Consent Order With Regulators
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Q4 2009 Macatawa Bank Corporation Earnings Release - 4:15 pm ET
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Macatawa Bank Corporation Reports Fourth Quarter Results
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MACATAWA BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
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Macatawa Bank Corporation Announces Date for Its Fourth Quarter 2009 Earnings Release
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MACATAWA BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers
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Q3 2009 Macatawa Bank Corporation Earnings Release - 4:15 pm ET
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Macatawa Bank Corporation Announces Date for Its Third Quarter 2009 Earnings Release
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MACATAWA BANK CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obl
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MACATAWA BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers
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Macatawa Bank Corporation Reports 3rd Quarter Results
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Respected Business Leader Becomes Chairman of Macatawa Bank Corp.
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MACATAWA BANK CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
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MACATAWA BANK CORP Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc. or B
Read article