Macatawa Bank (MCBC) Return on Equity ROE from the first quarter 2024 to first quarter 2023 and annually, average high and low, overall ranking from Mar 31 2024 to Mar 31 2023 - CSIMarket
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Macatawa Bank Corp  (NASDAQ: MCBC)
    Sector • Financial    Industry • Regional Banks
   Industry • Regional Banks
   Sector • Financial

Macatawa Bank's ROE per quarter

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


What is ROE for Macatawa Bank in the first quarter 2024?
Macatawa Bank Corp achieved a return on average equity (ROE) of 14.73 % in its first quarter 2024, this is above MCBC's average return on equity of 13.04%.
Macatawa Bank Corp shareholder's equity over the 12 months ending in its first quarter 2024 are valued at $278 million

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

Within the Regional Banks industry 30 other companies had a higher return on equity. While return on equity, the total ranking has deteriorated compared to the fourth quarter 2023 from 639 to 898.

What is ROE?



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Return On Equity (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 Equity Change 12.44 % 16.21 % 14.09 % 8.52 % -
Y / Y Net Income Change -18.42 % -21.65 % 13.62 % 57 % 100.07 %
Net Income (TTM) in Millions 41 43 46 44 41
Return On Equity (TTM) 14.73 % 15.99 % 17.61 % 17.65 % 16.5 %
MCBC's Total Ranking # 898 # 639 # 761 # 200 # 209
Equity (TTM) in Millions 293 287 270 264 261
Seq. Equity Change 2.05 % 6.38 % 2.3 % 1.25 % 5.48 %
Seq. Net Income Change 3.14 % -16.81 % 10.68 % -14.1 % -0.94 %

Back to MCBC Management Effectiveness >> MCBC's 5 Years Annual ROE >> Compare MCBC ROE to its Competitors
Return On Equity Company Ranking
Within: No.
Industry # 31
Sector # 177
Overall # 898

Return On Equity Statistics
High Average Low
32.17 %
13.04 %
7.15 %
(Dec 31 2012)   (Dec 31 2013)





MCBC Annual Return On Equity (Dec 31 2023)
2023		 (Dec 31 2022)
2022		 (Dec 31 2021)
2021		 (Dec 31 2020)
2020		 (Dec 31 2019)
2019
Total Equity in Millions 287 247 254 240 217
Y / Y Equity Change 16.21 % -2.74 % 5.9 % 10.29 % 13.95 %
Net Income in Millions 43 35 29 30 32
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 %

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




Annual Roe Comment
In 2023 ROE improved to 15.06 % compared to the previous year, due to net income growth.


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




Companies with similar Return On Equity at Mar 31 2024, within Financial Sector ROE
Renaissancere Holdings Ltd  39.70 %
Slm Corp  39.62 %
James River Group Holdings Inc   38.61 %
Mara Holdings Inc   37.28 %
Cohen and Steers Inc   35.91 %
Corvel Corporation  34.68 %
Kinsale Capital Group Inc   34.66 %
Hamilton Lane Incorporated  33.99 %
Greenlight Capital Re Ltd   33.75 %
Athene Holding Ltd  33.52 %
Equitable Holdings Inc   33.32 %
Marsh and Mclennan Companies Inc   32.63 %
American Express Company  32.46 %
Union Bankshares Inc   32.35 %
Jackson Financial Inc   32.23 %
Dynamic Shares Trust  31.18 %
Progressive Corp  30.37 %
Apollo Global Management Inc   30.29 %
Erie Indemnity Company  29.60 %
Paccar Inc  29.44 %
Arch Capital Group Ltd   28.67 %
Brookfield Oaktree Holdings Llc  27.58 %
Federated Hermes Inc   27.35 %
Primerica Inc   27.34 %
Atlanticus Holdings Corp  26.43 %
Molina Healthcare Inc   26.43 %
Churchill Capital Corp Ix  26.10 %
Diamond Hill Investment Group Inc   26.00 %
The Bancorp Inc   25.37 %
Manhattan Bridge Capital Inc   24.66 %

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



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