Macatawa Bank's revenue for the
three
months ended in Dec. 2023 was $25.7 Mil.
Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $104.3 Mil.
Macatawa Bank's Revenue per Share for the
three
months ended in Dec. 2023 was $0.75.
Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $3.04.
Good Sign:
Macatawa Bank Corp has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Macatawa Bank was 17.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 7.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 4.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.
During the past 13 years, Macatawa Bank's highest 3-Year average Revenue per Share Growth Rate was 60.40% per year. The lowest was -20.20% per year. And the median was 2.80% per year.
Macatawa Bank Revenue Historical Data
The historical data trend for Macatawa Bank's Revenue can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Macatawa Bank's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macatawa Bank's Revenue Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Macatawa Bank's Revenue distribution charts can be found below:
* The bar in red indicates where Macatawa Bank's Revenue falls into.
Macatawa Bank Revenue Calculation
Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.
Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $104.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macatawa Bank (NAS:MCBC) Revenue Explanation
In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.
Peter Lynch categorized companies according to their revenue growth:
His favorite companies are stalwart, those growing between 10-20% a year.
Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.
Be Aware
Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.
Macatawa Bank Revenue Related Terms
Thank you for viewing the detailed overview of Macatawa Bank's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Macatawa Bank (Macatawa Bank) Business Description
Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company's primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.
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