Return On Equity	(Dec 31 2023) 2023	(Dec 31 2022) 2022	(Dec 31 2021) 2021	(Dec 31 2020) 2020	(Dec 31 2019) 2019
Y / Y Equity Change	16.21 %	-2.74 %	5.9 %	10.29 %	13.95 %
Y / Y Net Income Change	24.45 %	19.7 %	-3.82 %	-5.67 %	21.23 %
Return On Equity	15.06 %	14.06 %	11.42 %	12.58 %	14.71 %

MCBC all Ratios >> Back to MCBC Management Effectiveness >> See Quarterly MCBC Return On Equity

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Roe Comment

In (Dec 31 2023) ROE improved to 15.06 % compare to previous year, due to net income growth.

Financial Statements
Macatawa Bank's Equity	$ 287 Millions	Annual MCBC's Balance sheet
Macatawa Bank's Annual Income	$ 43 Millions	Annual MCBC's Income Statement
Where are MCBC's Income coming from?		Visit MCBC's Income by Segment

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