Macatawa Bank (MCBC) Reports In-Line Q3 EPS
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Macatawa Bank Corporation Reports Third Quarter 2015 Results
October 22, 2015 4:15 PM EDTHOLLAND, Mich., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the third quarter of 2015, reflecting continued improvement in financial performance.
Net income of $3.2 million in the third quarter 2015, up 16% from $2.8 million in the third quarter 2014Strong growth in performing loans - up $62.4 million from the second quarter 2015 and $142.3 million, or 14%, from third quarter 2014Third quarter revenue growth of $1.0 million, or 7%, compared to third quarter 2014 resulting primarily from increases in net interest incomeReduction in total non-interest expenses compared to... More