Macatawa Bank Corporation Reports Second Quarter 2022 Results
Macatawa Bank Corporation (MCBC)
Last macatawa bank corporation earnings: 10/24 04:15 pm
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US:NASDAQ Investor Relations:
investors.macatawabank.com
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Source: GlobeNewswire
HOLLAND, 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 rowGrew investment securities portfolio by $187.7 million in second quarter 2022 to supplement loan growth and continue strategic deployment of excess liquidityReduction of $55.0 million in FHLB borrowings, resulting in over $650,000 in annual interest expense savings The Company reported net income of $6.6 million, or $0.19 per diluted share, in
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MCBC
News
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MCBC, AIRC, WIRE, MODNAccesswire
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Macatawa Bank Corporation (Nasdaq - MCBC), Shockwave Medical, Inc. (Nasdaq – SWAV), Apartment Income REIT Corp. (NYSE - AIRC), Model N, Inc. (NYSE – MODN)GlobeNewswire
- Kuehn Law Encourages MCBC, HES, MGRC, and ANSS Investors to Contact Law FirmPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates IP, WIRE, MCBC, NXPLPR Newswire
- Macatawa Bank Co. (NASDAQ: MCBC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MCBC
Earnings
- 1/25/24 - Miss
MCBC
Sec Filings
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEFA14A
- 4/15/24 - Form DEFA14A
- MCBC's page on the SEC website