Macatawa Bank's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Macatawa Bank's ROA in the first quarter of 2024?
Macatawa Bank Corp achieved a return on average assets (ROA) of 1.29 % in its first quarter of 2024, this is above MCBC's average return on assets of 1.19%.
Macatawa Bank Corps assets during the 12 months ending in the first quarter of 2024 are valued at $3 billion

ROA fell compared to the fourth quarter of 2023, despite the net income growth of 3.14% from the fourth quarter of 2023.

However, within the Financial sector 384 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2024 quarter, so far to 2045, from total ROA ranking in the fourth quarter of 2023 at 2334.

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Return on Assets ROA▼

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Return On Assets	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Total Assets Change	-0.79 %	11.55 %	28.07 %	-3.49 %	-8.17 %
Y / Y Net Income Change	-18.42 %	-21.65 %	13.62 %	57 %	100.07 %
Net Income (TTM) in million	41	43	46	44	41
Return On Assets (TTM)	1.29 %	1.36 %	1.48 %	1.54 %	1.4 %
MCBC's Total Ranking	# 2045	# 2334	# 2070	# 2135	# 2219
Total Assets (TTM) in million	2,669	3,673	3,699	2,684	2,691
Seq. Total Assets Change	-27.32 %	-0.7 %	37.8 %	-0.24 %	-18.29 %
Seq. Net Income Change	3.14 %	-16.81 %	10.68 %	-14.1 %	-0.94 %

MCBC's 5 Years Annual ROA >> Back to MCBC Management Effectiveness >> Compare MCBC ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 18
Sector	# 385
Overall	# 2019

Return On Assets Statistics
High	Average	Low
2.33 %	1.19 %	0.63 %
(Dec 31 2012)		(Dec 31 2013)

Financial Statements
Macatawa Bank's Assets	$ 2,669 million	MCBC's Balance sheet
Macatawa Bank's Income	$ 10 million	Quarterly MCBC's Income Statement
MCBC's Income by Division		See MCBC's Income by Division

Annual Return On Assets	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	(Dec 31 2020) FY 2020	(Dec 31 2019) FY 2019
Y / Y Total Assets Change	-5.31 %	1.07 %	10.85 %	27.71 %	4.74 %
Total Assets in million	2,803	2,960	2,929	2,642	2,069
Y / Y Net Income Change	24.45 %	19.7 %	-3.82 %	-5.67 %	21.23 %
Net Income in million	43	35	29	30	32
Annual Return On Assets	1.54 %	1.17 %	0.99 %	1.14 %	1.55 %

MCBC's 5 Years Annual ROA >> Back to MCBC Management Effectiveness >> Compare MCBC ROA to its Competitors

Comment on MCBC's ROA in the fiscal year ending 2023

In the fiscal year 2023 ROA improved to 1.54 % compared to prior year, due to annual net income growth of 24.45 % to $43.22 million, and due to decline of value in Macatawa Bank's assets by -5.31 % to $2,802.95 million, compared to $2,802.95 a year before.

More Return On Assets Ratios
MCBC's' Return on Assets at Yahoo Finance
Regional Banks Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
MCBC's Roa Ratio versus Regional Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for MCBC's Competitors
Subscribers only: Roa for Macatawa Bank's Suppliers
Subscribers only: Return On Assets for MCBC's Customers

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Companies with similar Return On Assets at Mar 31 2024, within Financial Sector	ROA
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Nasdaq Inc	3.51 %
American Express Company	3.51 %
Nexpoint Residential Trust Inc	3.50 %
Employers Holdings Inc	3.45 %
NewtekOne, Inc.	3.43 %
Brixmor Property Group Inc	3.35 %
American Homes 4 Rent	3.34 %
Global Self Storage Inc	3.31 %
Credit Acceptance Corp	3.31 %
Blue Owl Capital Inc	3.29 %
Tortoiseecofin Acquisition Corp Iii	3.28 %
Hagerty Inc	3.27 %
Mountain and Co I Acquisition Corp	3.26 %
Centene Corporation	3.26 %
Seven Hills Realty Trust	3.22 %
Regency Centers Corporation	3.19 %
Caretrust Reit Inc	3.19 %
Invesco Currencyshares British Pound Sterling Trust	3.19 %
Bynordic Acquisition Corporation	3.18 %
Embrace Change Acquisition Corp	3.18 %
Cactus Acquisition Corp 1 Ltd	3.17 %
Franklin Resources Inc	3.16 %
Abrdn Precious Metals Basket Etf Trust	3.15 %
W P Carey Inc	3.13 %
Epr Properties	3.12 %
Aimfinity Investment Corp I	3.10 %
Silverbox Corp Iii	3.08 %
Universal Insurance Holdings Inc	3.08 %
Mercury General Corporation	3.06 %

Date modified: 2026-09-08T15:11:14+00:00

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