Macatawa Bank To Face Tough Operating Environment [Seeking Alpha]
Macatawa Bank Corporation (MCBC)
Last macatawa bank corporation earnings: 10/24 04:15 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Macatawa Bank To Face Tough Operating Environment Summary MCBC's loan book has shrunk sharply in 1H2019. The loan book is expected to continue to decline due to a tough operating environment in Michigan. Squeeze in NIM will further exacerbate the situation, leading earnings to decline by an expected 8% next year. are expected to be maintained, providing dividend yield of 2.72%. The loan portfolio of Macatawa Bank Corporation ( Loan Portfolio to Continue to Decline MCBC's loan portfolio declined in the first half of 2019 due to fewer opportunities to lend, pay downs and competition. The company's loan portfolio declined 4% to $1.33 billion at the end of June 2019 from $1.39 billion at the end of December 2018. I expect further reduction in the loan book this year due to the overall economic slowdown in United States. The economy of Michigan, where MCBC is based, is already facing problems, as shown by the monthly economy index released by Chicago Fed. The latest report puts the index
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