Macatawa Bank Revenue Growth Rates (MCBC), Current and Historic Growth - CSIMarket
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Macatawa Bank Corp  (NASDAQ: MCBC)
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

MCBC's Revenue Growth by Quarter and Year

Macatawa Bank's Revenue results by quarter and year




MCBC Revenue (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
4th Quarter December -
3rd Quarter September -
2nd Quarter June -
1st Quarter March 25.39
FY 25.39

MCBCs Annual Revenue
Macatawa Bank's Revenue in the fiscal year 2023 $ 105.34 millions
Macatawa Bank's Revenue in the fiscal year 2022 $ 91.29 millions
Macatawa Bank's Revenue in the fiscal year 2021 $ 81.81 millions
Macatawa Bank's Revenue in the fiscal year 2020 $ 82.51 millions
Macatawa Bank's Revenue in the fiscal year 2019 $ 83.67 millions




MCBC Revenue first quarter 2024 Y/Y Growth Comment
Macatawa Bank Corp reported decrease in Revenue in the first quarter 2024 by -6.46% to $ 25.39 millions, from the same quarter in 2023.
The decrease in the first quarter 2024 Macatawa Bank Corp's Revenue compares unfavorably to the Company's average Revenue growth of 4.25%.

Looking into first quarter 2024 results within Regional Banks industry 144 other companies have achieved higher Revenue growth. While Macatawa Bank Corp' s Revenue decline of -6.46% ranks overall at the positon no. 3004 in the first quarter 2024.




MCBC Revenue ( Y/Y Growth %) 2024
2023 2022 2021
4th Quarter December - -6.54 % 45.51 % -16.94 %
3rd Quarter September - 9.53 % 20.35 % 1.09 %
2nd Quarter June - 27.49 % -6.59 % 7.44 %
1st Quarter March -6.46 % 41.87 % -9.03 % 7.52 %
FY   - 15.39 % 11.57 % -

Financial Statements
Macatawa Bank's first quarter 2024 Revenue $ 25.39 millions MCBC's Income Statement
Macatawa Bank's first quarter 2023 Revenue $ 27.14 millions Quarterly MCBC's Income Statement


MCBC Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
4th Quarter December - -4.74 % 11.64 % -7.66 %
3rd Quarter September - 6.09 % 23.49 % -4.16 %
2nd Quarter June - -6.19 % 4.39 % 1.66 %
1st Quarter March -1.33 % -1.42 % 1.11 % -7.68 %
FY (Year on Year)   - 15.39 % 11.57 % -




Revenue first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #145
Financial Sector #671
Overall #3004

Revenue Y/Y Growth Statistics
High Average Low
45.48 % 4.25 % -19.08 %
(Dec 31 2022)   (Sep 30 2013)
Revenue first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #145
Financial Sector #671
Overall #3004
Revenue Y/Y Growth Statistics
High Average Low
45.48 % 4.25 % -19.08 %
(Dec 31 2022)   (Sep 30 2013)

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Macatawa Bank's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
23.46 % 0.87 % -20.63 %
(Sep 30 2022)  


MCBC's I. Quarter Q/Q Revenue Comment
In the I. Quarter 2024 Macatawa Bank Corp disclosed decrease in Revenue from the fourth quarter by -1.33% to $ 25.39 millions, from $ 25.73 millions achived in the previous reporting period.

But that's not important problem, as Macatawa Bank's Revenue generally seem to plunge in this quarter.

Within Regional Banks industry 87 other companies have achieved higher Revenue quarter on quarter growth. While Macatawa Bank's Revenue growth quarter on quarter, overall rank is 1544.


Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #88
Financial Sector #379
Overall #1544
Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #88
Financial Sector #379
Overall #1544
Revenue Q/Q Growth Statistics
High Average Low
23.46 % 0.87 % -20.63 %
(Sep 30 2022)  


MCBC's I. Quarter Q/Q Revenue Comment
In the I. Quarter 2024 Macatawa Bank Corp disclosed decrease in Revenue from the fourth quarter by -1.33% to $ 25.39 millions, from $ 25.73 millions achived in the previous reporting period.

But that's not important problem, as Macatawa Bank's Revenue generally seem to plunge in this quarter.

Within Regional Banks industry 87 other companies have achieved higher Revenue quarter on quarter growth. While Macatawa Bank's Revenue growth quarter on quarter, overall rank is 1544.


Macatawa Bank's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Revenue 12 Months Ending $ 103.58 $ 105.34 $ 107.14 $ 104.79 $ 99.30
Y / Y Revenue Growth (TTM) 4.31 % 15.39 % 29.57 % 33.47 % 24.26 %
Year on Year Revenue Growth Overall Ranking # 565 # 221 # 277 # 2786 # 434
Seqeuential Revenue Change (TTM) -1.67 % -1.68 % 2.24 % 5.52 % 8.78 %
Seq. Revenue Growth (TTM) Overall Ranking # 1252 # 256 # 1539 # 765 # 420


Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Mar 31 2024 period, Macatawa Bank's cumulative twelve months Revenue were $ 104 millions, company would post below average annual Revenue growth of 8.78% year on year, if the fiscal year would end at Mar 31 2024.
A slow-down in the Macatawa Bank's Revenue growth from the 25.73% growth in Dec 31 2023.

In the Financial sector 108 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 221 to 565.

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 31
Financial Sector # 109
Overall # 565

Revenue TTM Y/Y Growth Statistics
High Average Low
33.47 %
4.9 %
-12.13 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 31
Sector # 261
S&P 500 # 1252
Cumulative Revenue growth Comment
With the quarterly Revenue reported in the Mar 31 2024 period, Macatawa Bank's cumulative twelve months Revenue were $ 104 millions, company would post below average annual Revenue growth of -12.13% year on year, if the fiscal year would end at Mar 31 2024.
A slow-down in the Macatawa Bank's Revenue growth from the 25.73% growth in Dec 31 2023.

In the Financial sector 108 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 221 to 565.


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 31
Financial Sector # 109
Overall # 565

Revenue TTM Y/Y Growth Statistics
High Average Low
33.47 %
4.9 %
-12.13 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 31
Sector # 261
S&P 500 # 1252




Other Revenue Growth
Regional Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
MCBC's Revenue Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth




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About Macatawa Bank Revenue Growth Rates (MCBC), Current and Historic Growth - CSIMarket Analysis

How we calculate this

This page is based on issuer-reported fundamentals and CSIMarket’s U.S. equities database (20+ years). Growth is computed using year-over-year (Y/Y), sequential, and trailing-twelve-month (TTM) methods.

What’s included here

Company: Macatawa Bank Corp (CIK 1053584).

Source & verification

Last updated

  • Page updated:
  • Data lineage: SEC filings → XBRL parse → normalization CSIMarket.com Database → growth calculations.
  • Accession: 0001437749-24-013248
  • Figures are derived from filed reports and may be restated; numbers are subject to revision.

Sources: Macatawa Bank Corp’s SEC filings (XBRL/Inline XBRL) and CSIMarket.com’s normalization & QA processes.



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