Macatawa Bank (MCBC) Misses Q4 EPS by 3c
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Macatawa Bank Corporation Reports Fourth Quarter and Full Year 2023 Results
January 25, 2024 4:15 PM ESTHOLLAND, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the Company), today announced its results for the fourth quarter and full year 2023.
Full year net income of $43.2 million in 2023 a 24% increase over $34.7 million in the prior yearNet income of $9.5 million in fourth quarter 2023 a decrease from $12.1 million earned in fourth quarter 2022 and from $11.4 million earned in third quarter 2023Fourth quarter 2023 net income impacted by $1.3 million in non-recurring costs related to CEO... More