Macatawa: 3Q Earnings Snapshot

HOLLAND, Mich. (AP) _ Macatawa Bank Corp. (MCBC) on Thursday reported third-quarter earnings of $8.2 million.

The Holland, Michigan-based bank said it had earnings of 24 cents per share.

The holding company for Macatawa Bank posted revenue of $24.3 million in the period. Its revenue net of interest expense was $21 million, which beat Street forecasts.

Macatawa shares have increased slightly more than 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.33, a drop of 3% in the last 12 months.


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