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Macatawa Bank Q3 2023 Earnings Report

Macatawa Bank EPS Results

Actual EPS
$0.33
Consensus EPS
$0.30
Beat/Miss
Beat by +$0.03
One Year Ago EPS
N/A

Macatawa Bank Revenue Results

Actual Revenue
$26.86 million
Expected Revenue
$25.90 million
Beat/Miss
Beat by +$960.00 thousand
YoY Revenue Growth
N/A

Macatawa Bank Announcement Details

Quarter
Q3 2023
Time
N/A
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Macatawa Bank Earnings Headlines

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About Macatawa Bank

Macatawa Bank (NASDAQ:MCBC) operates as the bank holding company for Macatawa Bank that engages in the provision of commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, and brokerage services. In addition, it provides asset management, personal trust, and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. The company was incorporated in 1997 and is based in Holland, Michigan.

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