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MACATAWA BANK CORP (MCBC)
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| Price: |
$9.84
| | Metrics |
| OS: |
34.3
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| Market cap: |
$337
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| EPS |
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BVPS
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$7.69
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1.28
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x P/B
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Recent News + Filings (All items)
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Revenue Mix by Segment
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Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| Revenues | 91.3 | 79.8 | 85.5 | 83.7 | 76.7 | 70.7 | 68.0 | 65.4 |
| Revenue growth | 14.5% | -6.7% | 2.2% | 9.1% | 8.4% | 4.0% | 4.0% | 7.2% |
| Cost of goods sold | 30.4 | 29.2 | 29.5 | 28.7 | 29.1 | 28.7 | 28.7 | 28.4 |
| Gross profit | 60.9 | 50.6 | 56.0 | 55.0 | 47.5 | 42.0 | 39.3 | 37.0 |
| Gross margin | 66.7% | 63.4% | 65.5% | 65.7% | 62.0% | 59.5% | 57.8% | 56.6% |
| Selling, general and administrative | 4.0 | | | | | | | |
| Sales and marketing | | 0.7 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 | 1.0 |
| General and administrative | | 4.9 | 4.9 | 4.3 | 4.2 | 4.0 | 4.2 | 3.9 |
| EBIT | 56.9 | 41.0 | 46.6 | 46.3 | 39.3 | 34.1 | 30.9 | 28.9 |
| EBIT margin | 62.3% | 51.3% | 54.5% | 55.3% | 51.3% | 48.2% | 45.4% | 44.2% |
| Pre-tax income | 43.1 | 35.7 | 36.8 | 39.4 | 32.4 | 27.0 | 22.2 | 18.4 |
| Income taxes | 8.3 | 6.7 | 6.6 | 7.5 | 6.0 | 10.7 | 6.2 | 5.6 |
| Tax rate | 19.4% | 18.8% | 18.0% | 18.9% | 18.5% | 39.7% | 28.1% | 30.5% |
| Net income | 34.7 | 29.0 | 30.2 | 32.0 | 26.4 | 16.3 | 16.0 | 12.8 |
| Net margin | 38.0% | 36.4% | 35.3% | 38.2% | 34.4% | 23.0% | 23.5% | 19.6% |
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| Diluted EPS | $1.01 | $0.85 | $0.88 | $0.94 | $0.78 | $0.48 | $0.47 | $0.38 |
| Shares outstanding (diluted) | 34.4 | 34.2 | 34.1 | 34.1 | 34.0 | 34.0 | 33.9 | 33.9 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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