MCBC | Macatawa Bank (NASDAQ:MCBC) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Macatawa Bank (NASDAQ:MCBC) announced its quarterly earnings data on Thursday.The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07, MarketWatch Earnings reports.Macatawa Bank had a net margin of 12.15% and a return on equity of 13.77%.Shares of MCBC stock opened at […] Dakota Financial […]

MCBC | Macatawa Bank Corporation Reports Third Quarter 2020 Results

HOLLAND, Mich., Oct.22, 2020 (GLOBE NEWSWIRE) — Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the third quarter of 2020.Net income of $7.1 million in third quarter 2020 versus $8.2 million in third quarter 2019 – down 13% Provision for loan losses of $500,000 […]