GURU.Markets stock price, segment price, and overall market index valuation
The company's share price Macatawa Bank
Mill City is a holding company that invests in various companies. Its share price reflects the success of its investment strategy and investors' confidence in its managers' ability to effectively allocate capital.
Share prices of companies in the market segment - Local banks
Macatawa Bank is a local bank providing financial services in western Michigan. We've categorized it as a "Local Bank," and the chart below shows the overall health of this sector, which is a barometer of the regional economy.
Broad Market Index - GURU.Markets
Macatawa Bank is a local bank providing financial services in western Michigan. As a vital part of the region's financial system, it is included in our GURU.Markets index. The chart below shows the overall market trend. Compare it with the bank's performance to assess the state of the regional economy.
Change in the price of a company, segment, and market as a whole per day
MCBC - Daily change in the company's share price Macatawa Bank
Macatawa Bank Corporation's daily performance reflects the volatility inherent in small local banks. This indicator demonstrates sensitivity to the health of the local economy and interest rates, serving as an important element of financial analysis.
Daily change in the price of a set of shares in a market segment - Local banks
Macatawa Bank is a local bank serving customers in Michigan. The banking sector is sensitive to interest rate fluctuations and the local economy. The chart below shows the average volatility for regional banks, allowing you to compare MCBC's performance with its competitors.
Daily change in the price of a broad market stock, index - GURU.Markets
Macatawa Bank is a classic community bank, deeply integrated into the economy of its region. Its shares reflect the health of local businesses and consumers. The aggregate performance of such banks is an important indicator of the state of the economy and contributes to the daily "pulse" of the market.
Dynamics of market capitalization of the company, segment and the market as a whole over 12 months
Annual dynamics of the company's market capitalization Macatawa Bank
Macatawa Bank Corporation's year-over-year performance reflects the health of the West Michigan economy. This community bank's 12-month market capitalization reflects its success in lending to local businesses and residents, demonstrating stable growth based on a conservative approach and strong ties to the region.
Annual dynamics of market capitalization of the market segment - Local banks
As a local bank, Macatawa is the backbone of its region's economy. Its performance is closely tied to the health of local businesses. Compared to the sector, its performance will be more stable, reflecting its conservative approach and deep ties to the community, rather than global financial trends.
Annual dynamics of market capitalization of broad market stocks, index - GURU.Markets
Macatawa Bank, a local bank operating in Michigan, is a mirror of its region's economy. Its annual market capitalization reflects the health of local businesses, including the auto industry, and is sensitive to interest rate changes.
Dynamics of market capitalization of the company, segment and the market as a whole for the month
Monthly dynamics of the company's market capitalization Macatawa Bank
Macatawa Bank is a local bank whose operations are closely tied to the regional economy. Its monthly price fluctuations reflect changes in interest rates, which impact margins, as well as quarterly loan portfolio growth reports.
Monthly dynamics of market capitalization of the market segment - Local banks
This chart shows the dynamics of the banking sector. For Macatawa, one of the regional banks, it reflects broader trends. The chart illustrates how changes in interest rates and the state of the local economy have affected the entire industry.
Monthly dynamics of market capitalization of broad market stocks, index - GURU.Markets
Macatawa Bank is a community bank serving western Michigan. Its success is closely tied to the health of the local economy. The full market performance chart allows you to assess how Macatawa's stock, as a financial sector stock, reacts to interest rate changes and the overall sentiment that impacts the entire banking industry.
Dynamics of market capitalization of the company, segment and the market as a whole for the week
Weekly dynamics of the company's market capitalization Macatawa Bank
Shares of Macatawa Bank, a local bank in western Michigan, reflect the region's economy on a weekly basis. Price movements reflect the health of the local manufacturing and agricultural sectors, as well as demand for commercial and mortgage loans.
Weekly dynamics of market capitalization of the market segment - Local banks
Macatawa Bank is a local bank serving West Michigan. Its success is closely tied to the region's economic health. This chart compares its weekly performance with the banking sector as a whole and determines the extent to which local factors outweigh national financial trends.
Weekly dynamics of market capitalization of stocks of the broad market, index - GURU.Markets
Macatawa Bank is a regional bank whose performance reflects the economic health of its region. This chart will help you compare its weekly performance to the broader market. Is it simply a reflection of general sentiment, or does its conservative policy and strong position in the local market allow it to be more stable?
Market capitalization of the company, segment and market as a whole
MCBC - Market capitalization of the company Macatawa Bank
Macatawa Bank's market capitalization chart is the financial pulse of Western Michigan. As a strong community bank, its performance reflects the health of local businesses and the real estate market. Its stock price trajectory tells a story of conservative growth, asset quality, and deep connections to the communities it serves.
MCBC - Share of the company's market capitalization Macatawa Bank within the market segment - Local banks
Macatawa Bank Corporation is a classic example of regional banking. Its share of the sector's total capitalization reflects its importance locally in Michigan. The chart below demonstrates how investors assess the stability and importance of this local financial institution.
Market capitalization of the market segment - Local banks
Macatawa Bank is a classic community bank serving western Michigan. The chart below shows the total capitalization of local banks. Its dynamics reflect the economic health of the region, which directly impacts the loan portfolio and deposits of the bank, which is deeply integrated into the local community.
Market capitalization of all companies included in a broad market index - GURU.Markets
Macatawa Bank is a local bank serving western Michigan. Its market value is the financial health of its community. In the context of the overall market, which reflects global capital flows, banks like Macatawa are the foundation that ensures stability and growth at the micro level, which underpins the macroeconomy.
Book value capitalization of the company, segment and market as a whole
MCBC - Book value capitalization of the company Macatawa Bank
Macatawa Bank's balance sheet is made up of its loan portfolio, issued to businesses and residents of West Michigan, and its solid capital. This is a tangible, financial foundation, closely tied to the prosperity of the local community. How strong and reliable is it in a changing economic environment? The chart below demonstrates its stable development.
MCBC - Share of the company's book capitalization Macatawa Bank within the market segment - Local banks
Macatawa Bank serves western Michigan through its branch network. The chart shows this local bank's share of the regional banking sector's tangible assets, reflecting its physical presence and deep integration into the local community.
Market segment balance sheet capitalization - Local banks
Macatawa Bank, as a typical community bank, has a capital-intensive business based on its branch network. This physical infrastructure is key to its deep connections with local clients. The BCap_Seg chart for the banking sector confirms the importance of tangible assets in this model.
Book value of all companies included in the broad market index - GURU.Markets
Macatawa Bank's assets include its capital, loan portfolio, and branch network in western Michigan. Its book value reflects the financial strength and physical presence of this local bank, deeply integrated into its region's economy. The chart provides a sense of its scale.
The ratio of market capitalization to book capitalization of a company, segment, and the market as a whole
Market capitalization to book capitalization ratio - Macatawa Bank
For regional bank Macatawa Bank, book value is its capital and assets. Market valuation, on the other hand, reflects the trust of the local community and investors in its ability to effectively manage deposits and loans. The chart shows the premium the market is willing to pay for the stability and reputation of this financial institution.
Market to book capitalization ratio in a market segment - Local banks
Macatawa Bank is a classic local bank, deeply integrated into the West Michigan economy. Its market capitalization relative to book value (equity) reflects investor confidence in its conservative lending policies and local market knowledge. This metric clearly demonstrates the bank's stability and connection to the community.
Market to book capitalization ratio for the market as a whole
Regional Macatawa Bank, like most banks, has a valuation closely tied to its book value. Deviations from the market average, which also reflects technology companies with a high proportion of intangible assets, may indicate local economic conditions or the effectiveness of a particular bank's management.
Debts of the company, segment and market as a whole
MCBC - Company debts Macatawa Bank
Macatawa Bank, a community bank operating in West Michigan, uses its borrowings to provide loans to local businesses and individuals. Its debt policy is conservative and aimed at supporting the regional economy. This chart shows how the bank manages its growth while remaining a reliable financial partner to the communities it serves.
Market segment debts - Local banks
Macatawa Bank is a community bank serving West Michigan. Its financial policies are generally conservative and focused on the needs of local businesses and residents. This chart allows you to assess how the bank's capital management and lending strategies align with the traditional banking model and differentiate them from larger competitors.
Market debt in general
Debt to book value of the company, segment and market as a whole
The company's debt to book capitalization ratio Macatawa Bank
Macatawa Bank is a regional bank whose financial health is closely tied to the state of the local economy. This chart shows its capital structure, that is, the ratio of equity to borrowed funds. It helps assess how resilient the bank is to local economic downturns and what margin of safety it has to protect depositors' interests.
Market segment debt to market segment book capitalization - Local banks
Macatawa Bank is a community bank serving western Michigan. Its financial health is closely tied to the local economy. This chart shows the leverage of the community banking sector, providing a benchmark for comparing Macatawa Bank's resilience and growth strategy to that of other similar institutions.
Debt to book value of all companies in the market
Macatawa Bank, as a community-focused bank, builds its business on trust and prudent capital management. This chart shows the overall debt burden in the economy. It helps understand whether the bank is pursuing a traditionally conservative, low-leverage strategy or adapting to new market trends in liability management.
P/E of the company, segment and market as a whole
P/E - Macatawa Bank
Macatawa Bank is a community bank serving customers in western Michigan. This chart shows how investors view its profitability. The metric's performance reflects the economic health of the local community, including the furniture and agriculture industries, as well as the bank's conservative approach to lending.
P/E of the market segment - Local banks
This chart shows the average rating for regional banks where Macatawa Bank operates. It reflects overall investor sentiment toward the sector. Comparisons with this rating help us understand whether the bank's stable position in its local Michigan market and its conservative business model are considered more reliable than those of its peers.
P/E of the market as a whole
Macatawa Bank is a local bank operating in Michigan. Its score is a barometer of economic activity in the state, which is closely tied to the auto industry. This chart shows the overall picture, but for Macatawa Bank, the health of the Big Three automakers and the health of small businesses in its local markets are more important.
Future P/E of the company, segment and market as a whole
Future (projected) P/E of the company Macatawa Bank
This chart for Macatawa Bank Corporation shows market expectations for this bank's future earnings in West Michigan. It reflects analysts' forecasts for loan portfolio growth, particularly in the commercial sector, and the state of the local economy, helping to assess its prospects as a regional financial institution.
Future (projected) P/E of the market segment - Local banks
Macatawa Bank is a community bank providing a full range of financial services to individuals and businesses in western Michigan. Its success is closely tied to the health of the local economy. The chart shows average expectations for the banking sector. This provides context for assessing how the market views Macatawa Bank's growth prospects and stability in the region.
Future (projected) P/E of the market as a whole
Macatawa Bank Corporation is a community bank serving clients in western Michigan. Its financial results reflect the health of the local economy. This broad national outlook creates macroeconomic conditions, such as interest rates, that directly impact the bank's profitability and credit risk.
Profit of the company, segment and market as a whole
Company profit Macatawa Bank
Macatawa Bank is a community bank serving West Michigan. Its profitability is based on a traditional banking model: attracting deposits and providing loans to local businesses and residents. This chart shows how the health of the regional economy and conservative risk management impact the bank's financial performance.
Profit of companies in the market segment - Local banks
Macatawa Bank is a community bank serving western Michigan. This chart, illustrating the overall profitability of local banks, reflects the economic activity in their region. When local businesses, from agriculture to manufacturing, thrive, the bank's loan portfolio grows, which is reflected in the overall performance of the sector they serve.
Overall market profit
Macatawa Bank is a community bank serving western Michigan. Its financial health is inextricably linked to the region's economy, including manufacturing and agriculture. The overall trend in corporate profits, shown in this chart, provides a backdrop against which local businesses, the bank's clients, can grow and prosper, increasing demand for loans.
Future (predicted) profit of the company, segment and market as a whole
Future (projected) profit of the company Macatawa Bank
Macatawa Bank is a community bank deeply rooted in the West Michigan economy. It serves local small and medium-sized businesses, as well as individual clients. This chart reflects analyst forecasts for lending growth and interest margin stability, which are a financial barometer of the health and business activity of this particular region.
Future (predicted) profit of companies in the market segment - Local banks
Macatawa Bank is a commercial bank serving communities in western Michigan. Its financial results are closely tied to regional economic activity, including the health of small and medium-sized businesses. This graph, showing projected earnings for the banking sector, helps assess how expected changes in interest rates and the economy may impact the bank.
Future (predicted) profit of the market as a whole
Macatawa Bank is a locally owned bank whose well-being is inextricably linked to the West Michigan economy. The national earnings forecast, shown in this chart, sets the macroeconomic backdrop for local businesses. It influences corporate loan demand and the financial stability of the bank's retail clients.
P/S of the company, segment and market as a whole
P/S - Macatawa Bank
Macatawa Bank is a community bank providing financial services in western Michigan. The chart shows the ratio of market capitalization to revenue, reflecting investor confidence in its deep ties to the local business community. This is an indicator of the health of the regional economy and the stability the bank provides to its clients.
P/S market segment - Local banks
Macatawa Bank is a local bank serving communities in western Michigan. Its revenue, primarily interest income, depends on the region's economic health. This industry benchmark allows investors to compare how the market views Macatawa's locally focused business model against larger, more diversified banking institutions.
P/S of the market as a whole
Macatawa Bank is a community bank providing a full range of banking services in western Michigan. Its business is closely tied to the health of the local economy. This chart, showing the average market revenue valuation, allows investors to compare the stability and local focus of this bank with the valuations of companies operating nationally or globally.
Future P/S of the company, segment and market as a whole
Future (projected) P/S of the company Macatawa Bank
Macatawa Bank is a community bank serving individuals and businesses in western Michigan. Its strength lies in its deep knowledge of the local market and close ties to the community. This chart shows how the market perceives the bank's future loan portfolio and revenue growth, which are directly linked to the economic health and prosperity of the region it serves.
Future (projected) P/S of the market segment - Local banks
Macatawa Bank Corporation is a bank holding company providing a full range of banking services to individuals and businesses in western Michigan. As a local bank, its success is closely tied to the regional economy. This chart shows the average future earnings estimate for the local bank sector, helping compare expectations for Macatawa with its competitors.
Future (projected) P/S of the market as a whole
Macatawa Bank provides banking services to communities in western Michigan. This chart shows overall revenue projections. As a local bank, Macatawa is a mirror of the economic life of its region. Its financial metrics, such as loan portfolio growth and deposits, reflect the confidence of local businesses and residents.
Sales of the company, segment and market as a whole
Company sales Macatawa Bank
This chart shows the revenue of Macatawa Bank, a commercial bank serving western Michigan. The bank's primary income comes from interest on loans issued to local businesses and individuals. The dynamics of this metric are a barometer of economic activity in the region and reflect the bank's success in growing its loan portfolio.
Sales of companies in the market segment - Local banks
Macatawa Bank is a community bank providing a full range of financial services to businesses and individuals in western Michigan. This chart reflects total revenue for the community banking sector. Macatawa's results are a barometer of regional economic activity, as the bank's loan portfolio growth is directly linked to local business prosperity.
Overall market sales
Macatawa Bank is a local bank serving western Michigan. Its financial results are a reflection of the region's economy. This graph of total revenue shows the state of businesses and consumers, which determines demand for loans, deposits, and other banking services, driving the bank's profit.
Future sales volume of the company, segment and market as a whole
Future (projected) sales of the company Macatawa Bank
Macatawa Bank is a community bank serving private and commercial clients in western Michigan. Its future earnings are directly linked to the economic health of this industrial region. The presented performance reflects analyst consensus forecasts for lending activity and local business growth.
Future (projected) sales of companies in the market segment - Local banks
Macatawa Bank is a classic community bank, deeply integrated into the West Michigan economy. Its financial health is directly dependent on the well-being of the local businesses and households it serves. This chart illustrates the general trends in the regional banking sector that shape the operating environment for local players like Macatawa.
Future (projected) sales of the market as a whole
Macatawa Bank is a community bank serving communities in western Michigan. Its financial health is closely tied to the local economy, including manufacturing and agriculture. This chart, showing national trends, provides a backdrop that influences the bank's client business activity and, consequently, its loan portfolio.
Marginality of the company, segment and market as a whole
Company marginality Macatawa Bank
Macatawa Bank is a classic community bank, deeply rooted in the West Michigan economy. Its profitability is directly dependent on the health of local businesses and residents, reflected in the quality of its loan portfolio and stable interest margins. This chart is a financial reflection of the prosperity of the community it serves and the effectiveness of its management.
Market segment marginality - Local banks
Macatawa Bank is a community bank serving western Michigan. Its success is closely tied to the health of the local economy and the quality of its customer relationships. Profitability is determined by the effectiveness of loan portfolio management and operating expenses within its region. This chart shows how well the bank performs in its local market.
Market marginality as a whole
Macatawa Bank is a community bank serving West Michigan. They provide a full range of banking services to local businesses and residents. This overall profitability chart reflects the economic health of their region. Local business prosperity and stable employment directly impact the quality of their loan portfolio and growth opportunities.
Employees in the company, segment and market as a whole
Number of employees in the company Macatawa Bank
Macatawa Bank is a community bank deeply integrated into the West Michigan economy. Its headcount directly reflects the size of its branch network and its commitment to personal service. This chart demonstrates the human capital that underpins its relationships with local businesses and residents.
Share of the company's employees Macatawa Bank within the market segment - Local banks
Macatawa Bank is a community bank deeply integrated into the West Michigan economy. This chart demonstrates its importance as a local employer. The percentage of employees directly reflects the density of its branch network and the number of bankers who build personal relationships with clients, a cornerstone of the community banking model.
Number of employees in the market segment - Local banks
Macatawa Bank Corporation is a bank holding company providing financial services in western Michigan. This chart illustrates employment trends in the local community banking sector. Employee growth here is an indicator of the region's economic health, reflecting small business activity, agricultural activity, and demand for mortgage lending from local residents.
Number of employees in the market as a whole
Macatawa Bank, as a regional financial institution, is deeply integrated into the local economy. This employment graph is a barometer of the health of the communities it serves. Job growth means thriving local businesses and increased demand for banking services, from loans to deposits, which directly impacts the bank's performance.
Market capitalization per employee (in thousands of dollars) of the company, segment, and market as a whole
Market capitalization per employee (in thousands of dollars) of the company Macatawa Bank (MCBC)
Macatawa is a classic regional bank built on serving local communities and small businesses. Unlike fintech giants, it emphasizes physical branches and personal service. The chart shows the market value of each employee. It helps understand how effectively the bank utilizes its staff and how much the market values ββits local franchise in the age of digitalization.
Market capitalization per employee (in thousands of dollars) in the market segment - Local banks
Macatawa Bank is a classic local bank serving communities in Michigan. Its success depends on the quality of customer service and effective loan portfolio management. This chart shows the market value generated by each employee, a key indicator of productivity and operational efficiency in the regional banking sector.
Market capitalization per employee (in thousands of dollars) for the overall market
Macatawa Bank is a community bank serving western Michigan. This chart shows the valuation of a traditional local bank. It shows how market value, based on community trust and the quality of its local loan portfolio, correlates with a team that delivers personalized financial services.
Profit per employee (in thousands of dollars) for the company, segment, and market as a whole
Profit per employee (in thousands of dollars) of the company Macatawa Bank (MCBC)
Macatawa Bank is a classic local bank serving communities in Michigan. Its business is collecting deposits from the public and issuing loans to local businesses. This chart is a direct indicator of the bank's performance: how effectively each employee, from teller to loan officer, contributes to generating net interest income and managing assets within its branch network.
Profit per employee (in thousands of dollars) in the market segment - Local banks
Macatawa Bank is a classic local bank operating in West Michigan. For such banks, this metric is a key measure of performance. It demonstrates how productive employees are in attracting low-cost deposits and issuing profitable loans, and how well the bank controls its operating expenses.
Profit per employee (in thousands of dollars) for the market as a whole
Macatawa Bank is a local bank operating in West Michigan. Like other banks (EQBK, CNB), this chart is an indicator of operational efficiency. It reflects how effectively the bank utilizes its staff (in branches and back offices) to manage its loan portfolio (especially commercial) and attract deposits in its region.
Sales to employees of the company, segment and market as a whole
Sales per company employee Macatawa Bank (MCBC)
Macatawa Bank is a commercial bank serving customers in Michigan. This chart shows the bank's performance. This growth indicates that the bank is successfully growing its loan portfolio and deposits, and that each employee is increasingly contributing to the bottom line through effective community outreach.
Sales per employee in the market segment - Local banks
Macatawa Bank is a classic community bank serving West Michigan. In this business, trust and personal connection are key. This chart shows how much revenue (interest and fees) each employee, from teller to loan officer, generates. This allows you to assess how productive their local team is compared to the industry average.
Sales per employee for the market as a whole
Macatawa Bank is a classic regional bank serving businesses and private clients in West Michigan. In banking, this metric reflects the balance between the need to maintain physical branches and staff to provide high-quality service and the efficiency achieved through automation and digital banking. It shows how much revenue the bank generates per employee.
Short shares by company, segment and market as a whole
Shares shorted by company Macatawa Bank (MCBC)
Macatawa Bank is a regional bank serving West Michigan. Its health is directly tied to the local economy. This chart shows bearish sentiment. Investors betting on the stock may be concerned about the health of the region's economy, which is heavily dependent on manufacturing and the auto industry, or about risks in the bank's commercial real estate portfolio.
Shares shorted by market segment - Local banks
Macatawa Bank is a classic regional bank serving communities in Michigan. Its business is built on deposits and lending to local residents and businesses. This chart shows the aggregate short position across all regional banks. It indicates whether investors anticipate systemic problems in this segment, such as rising defaults or margin pressure, which are important factors in determining Macatawa's valuation.
Shares shorted by the overall market
Macatawa Bank (MCBC) is a classic local bank. Its health depends entirely on economic activity in its region. When this indicator of general pessimism rises, it signals expectations of a recession. For MCBC, this poses a double threat: reduced demand for loans and increased risk of defaults.
RSI 14 indicator for a company, segment, and market as a whole
The company's RSI 14 indicator Macatawa Bank (MCBC)
This oscillator for Macatawa Bank is a barometer of the West Michigan economy. It's a classic local bank. "Overbought" (above 70) occurs when rates rise (increasing margins) and local businesses (furniture, agriculture) are thriving. Recession fears or falling rates (decreasing margins) lead to "oversold" (below 30).
RSI 14 Market Segment - Local banks
Macatawa Bank (MCBC) is a classic local bank serving businesses and residents in West Michigan. Their health is directly tied to the region's economy. This chart shows the overall sentiment in the "Local Banks" sector. It helps investors understand whether MCBC's performance reflects their region or whether the overall banking sector is overheated or oversold.
RSI 14 for the overall market
Macatawa Bank (MCBC), a regional bank. This chart reflects the "temperature" of small businesses and the real estate market in its region. During periods of euphoria, local businesses take out loans for expansion. During periods of panic and economic downturn, the risk of default on these loans increases for the bank, requiring increased reserves.
Analyst consensus forecast for the company's share price, the segment, and the market as a whole
Analyst consensus stock price forecast MCBC (Macatawa Bank)
Macatawa Bank is a locally owned bank providing banking services and wealth management in West Michigan (including Grand Rapids). This chart shows the average 12-month price target from analysts, reflecting their outlook on economic activity and loan growth in the region.
The difference between the consensus estimate and the actual stock price MCBC (Macatawa Bank)
Macatawa (MCBC) is a classic community bank serving businesses and individuals in western Michigan. This chart illustrates the analyst community's opinion on the company's future. It measures the distance between the stock price and its target, reflecting their view of the industrial region's economy and interest rate management.
Analyst consensus forecast for stock prices by market segment - Local banks
Macatawa Bank (MCBC) is a classic "community bank" focused on serving businesses and individuals in West Michigan. Its health is a direct reflection of the local economy. This chart reflects the collective opinion of the *entire* community banking sector. It shows how confident experts are in the "Main Street" economy of the Midwest.
Analysts' consensus forecast for the overall market share price
Macatawa Bank is the holding company for a local bank serving clients in western Michigan. This chart shows overall market sentiment. For MCBC, as a classic local bank, the overall optimism of analysts (the rising chart) is a positive sign of the regional economy's health, promising loan portfolio growth and stability.
AKIMA index of the company, segment and market as a whole
AKiMA Company Index Macatawa Bank
Macatawa is a classic community bank focused on West Michigan. This chart is a summary indicator of the health of their local economy. It aggregates three key drivers of their profits: net interest margin (NIM), loan portfolio quality (delinquencies), and deposit taking costs in this mature industrial market.
AKIMA Market Segment Index - Local banks
Macatawa Bank is a local bank serving West Michigan. It's a classic community bank offering a full range of services, from mortgages to small business loans. This chart compares their composite index to their sector, showing how this local bank stacks up against the broader banking industry.
The AKIM Index for the overall market
Macatawa Bank is a Michigan-based community bank being acquired by Wintrust Financial. This chart, showing the market average, provides a macro backdrop. It helps assess how MCBC, a successful local bank, stacked up against the overall macroeconomic picture before the merger.