Last $5.05 USD
Change Today -0.02 / -0.39%
Volume 39.2K
As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

macatawa bank corp (MCBC) Key Developments

Macatawa Bank Corp. expected to report Q3 2014 results on October 20, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Macatawa Bank Corp. expected to report Q3 2014 results on October 20, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Macatawa Bank Corp. Declares Quarterly Cash Dividend, Payable on August 28, 2014

Macatawa Bank Corp. announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per share on its common stock to be paid on August 28, 2014 to shareholders of record on August 7, 2014 .

Macatawa Bank Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

Macatawa Bank Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $11.528 million compared $12.307 million reported a year ago. Net interest income was $10.156 million compared to $10.463 million reported a year ago. Net interest income after provisions for loan losses was $11.156 million compared to $11.463 million reported a year ago. Income before taxes was $3.986 million compared to $3.799 million reported a year ago. Net income available to common shareholders was $2.755 million or $0.08 per basic and diluted share compared to net income available to common shares of $2.603 million or $0.10 per basic and diluted share a year ago. Net interest income was $10.156 million compared to $10.463 million reported a year ago. Return on average assets was 0.75% compared to 0.70% reported a year ago. Return on average equity was 8.03% compared to 7.74% reported a year ago. Book value per common share was $4.09 compared to $3.68 a year ago. Tangible book value per common share was $4.09 compared to $3.68 a year ago. For the six months, the company reported total interest income of $223.498 million compared $24.740 million reported a year ago. Net interest income was $20.631 million compared to $20.947 million reported a year ago. Net interest income after provisions for loan losses was $22.631 million compared to $22.697 million reported a year ago. Income before taxes was $7.801 million compared to $7.415 million reported a year ago. Net income available to common shareholders was $5.393 million or $0.16 per basic and diluted share compared to net income available to common shares of $5.077 million or $0.19 per basic and diluted share a year ago. Net interest income was $10.156 million compared to $10.463 million reported a year ago. Return on average assets was 0.73% compared to 0.69% reported a year ago. Return on average equity was 7.94% compared to 7.62% reported a year ago. Book value per common share was $4.09 compared to $3.68 a year ago. Tangible book value per common share was $4.09 compared to $3.68 a year ago. For the quarter, the company announced negative net charge offs was $666,000 compared to $238,000 a year ago.

Macatawa Bank Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Net Charge-Offs for the First Quarter of 2014

Macatawa Bank Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net interest income for the first quarter 2014 totaled $10.5 million, an increase of $263,000 from the fourth quarter 2013 and a decrease of $8,000 from the first quarter 2013. The company has reported net income of $2.6 million, or $0.08 per diluted share, in the first quarter 2014 compared to net income of $2.5 million, or $0.09 per diluted share, for the first quarter 2013. Income before income tax was $3,816,000 against $3,615,000 a year ago. Return on average assets was 0.71% against 0.66% a year ago. Return on average equity was 7.85% against 7.50% a year ago. Book value per common share at March 31, 2014 was $4.00 against $3.68 at March 31, 2013. Net income for the first quarter 2014 reflected continued improvement in core operating results. Net charge-offs were $585,000 against $498,000 a year ago.

Macatawa Bank Corp., Annual General Meeting, May 06, 2014

Macatawa Bank Corp., Annual General Meeting, May 06, 2014., at 10:00 US Eastern Standard Time. Location: The Pinnacle Center. Agenda: To consider election of four directors to hold office for a three year term; to consider advisory approval of executive compensation; to consider ratification of appointment of BDO USA, LLP as independent auditors for the year ending December 31, 2014 and also conduct any other business that properly comes before the meeting or at any adjournment of the meeting.

 

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Price/Cash Flow 17.4x
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