Macatawa Bank (MCBC) Tops Q2 EPS by 1c
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Macatawa Bank Corporation Reports Second Quarter 2022 Results
July 28, 2022 4:15 PM EDTHOLLAND, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the Company), today announced its results for the second quarter 2022.
Net income of $6.6 million in second quarter 2022 versus $6.0 million in first quarter 2022 and $7.8 million in second quarter 2021Net interest income of $14.8 million in second quarter 2022 versus $12.7 million in first quarter 2022 and $14.5 million in second quarter 2021Strong credit metrics and net loan recoveries resulted in no provision for loan losses for the quarterContinued loan portfolio growth third quarter in a... More