Macatawa: Q1 Earnings Snapshot
HOLLAND, Mich. (AP) _ Macatawa Bank Corp. (MCBC) on Thursday reported first-quarter net income of $7.8 million.
The Holland, Michigan-based bank said it had earnings of 23 cents per share.
The holding company for Macatawa Bank posted revenue of $21.8 million in the period. Its revenue net of interest expense was $21 million, exceeding Street forecasts.
Macatawa shares have increased 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.71, an increase of 38% in the last 12 months.