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Macatawa Bank Corp. - MCBC STOCK NEWS

Welcome to our dedicated news page for Macatawa Bank (Ticker: MCBC), a resource for investors and traders seeking the latest updates and insights on Macatawa Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Macatawa Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Macatawa Bank's position in the market.

News
Macatawa Bank Corporation Declares Quarterly Dividend
Rhea-AI Summary
Macatawa Bank Corporation (MCBC) has declared a quarterly cash dividend of $0.09 per share on its common stock, reflecting the strong financial condition and earnings performance of the Company. The dividend will be paid on February 28, 2024, to shareholders of record on February 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
dividends
-
News
Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Macatawa Bank Corporation (MCBC) announced its financial results for the fourth quarter and full year 2023. The full-year net income was $43.2 million, marking a 24% increase over the previous year. However, the net income for the fourth quarter of 2023 decreased to $9.5 million from $12.1 million in the same period in 2022. The net interest margin also decreased to 3.28% in the fourth quarter of 2023, compared to 3.34% in the fourth quarter of 2022. Despite a decrease in deposit portfolio balances, the company reported continued loan portfolio growth. The provision for credit losses in the fourth quarter of 2023 was $400,000 due to loan growth. The Company's accumulated other comprehensive income (AOCI) improved by $10.6 million in the fourth quarter of 2023. Macatawa Bank reported a strong capital position with $143 million in excess capital over well-capitalized minimums. The company's net income for the full year 2023 was $43.2 million, or $1.26 per diluted share, compared to $34.7 million, or $1.01 per diluted share, for the full year 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
earnings
-
News
Macatawa Bank Corporation Declares Quarterly Dividend
Rhea-AI Summary
Macatawa Bank Corporation (Nasdaq: MCBC) has declared a quarterly cash dividend of $0.09 per share on its common stock, representing a 12% increase from the previous rate. The dividend will be paid on November 29, 2023 to shareholders of record on November 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
Tags
dividends
News
Macatawa Bank Corporation Reports Third Quarter 2023 Results
Rhea-AI Summary
Macatawa Bank Corporation reports strong Q3 2023 results with net income of $11.4 million, an increase of 13.6% YoY. Net interest margin increased to 3.35%. Loan portfolio and deposit balances grew. Credit quality metrics remain strong. Robust capital position with $140.0 million in excess capital. CEO optimistic about future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
Tags
earnings
-
News
Macatawa Bank Corp. and Macatawa Bank Announce Leadership Transition
Rhea-AI Summary
Macatawa Bank announces retirement of Ronald L. Haan and appointment of new president and CEO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.12%
Tags
management
-
News
Macatawa Bank Corporation Declares Quarterly Dividend
Rhea-AI Summary
Macatawa Bank Corporation declares quarterly cash dividend of $0.08 per share on its common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
dividends
News
Macatawa Bank Corporation Reports Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
earnings
-
News
Macatawa Bank Corporation Declares Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
dividends
-
News
Macatawa Bank Corporation Reports First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
none
News
Macatawa Bank Corporation Declares Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
dividends
Stock MCBC logo
Macatawa Bank Corp.

Nasdaq:MCBC

MCBC Rankings

#2989 Ranked by Market Cap
#3200 Ranked by Stock Gains
#1238 Ranked by Dividends

MCBC Stock Data

329.53M
26.44M
22.78%
43.09%
0.22%
Commercial Banking
Finance and Insurance
Link
US
Holland

About MCBC

macatawa bank is a true community bank. we are committed to helping our customers grow and prosper financially. our clients enjoy best in class financial products, extraordinary service and fair prices. readers of grand rapids magazine and holland sentinel voted us #1 bank in west michigan again. we are committed to the communities in which we live and work. in addition to the bank participating in hundreds of community events our employees volunteer thousands of hours of service to make a difference in their communities during the year. many of our employees are active on local boards and provide their financial and leadership expertise to help and support many local non-profit organizations. macatawa bank is a great place to bank and work! check out career opportunities at www.macatawabank.com/careers macatawa bank is an equal opportunity employer and does not discriminate on the basis of age, gender, race, religion, color, national origin, marital status, genetic information, height