Macatawa: Q2 Earnings Snapshot
HOLLAND, Mich. (AP) _ Macatawa Bank Corp. (MCBC) on Thursday reported second-quarter earnings 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 $21.4 million in the period. Its revenue net of interest expense was $20.6 million, beating Street forecasts.
Macatawa shares have fallen roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.14, an increase of 12% in the last 12 months.