Macatawa Bank Corp (MCBC) Reports Solid Full Year Growth Despite Q4 Challenges [Yahoo! Finance]
Macatawa Bank Corporation (MCBC)
Last macatawa bank corporation earnings: 10/24 04:15 pm
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Source: Yahoo! Finance
Net Interest Margin : Decreased to 3.28% in Q4 2023 from 3.34% in Q4 2022. Loan Portfolio Growth : Strong growth sets a positive trajectory for 2024. Capital Position : Robust with $143 million in excess capital over well-capitalized minimums. Warning! GuruFocus has detected 4 Warning Signs with MCBC. On January 25, 2024, Macatawa Bank Corp ( NASDAQ:MCBC ) released its 8-K filing , announcing its financial results for the fourth quarter and the full year of 2023. The United States-based holding company for Macatawa Bank, which operates 26 branch offices in Michigan, reported a full year net income of $43.2 million for 2023, marking a significant 24% increase over the $34.7 million recorded in the previous year. However, the fourth quarter saw a decrease in net income to $9.5 million, down from $12.1 million in Q4 2022 and $11.4 million in Q3 2023, partly due to non-recurring costs related to the CEO's retirement. Performance and Challenges Macatawa Bank Corp's President a
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News
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Macatawa Bank Corp. - MCBCPR Newswire
- Macatawa Bank Co. (NASDAQ: MCBC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Macatawa Bank (MCBC) Q1 Earnings and Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Macatawa Bank Corporation Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Macatawa Bank Corporation Declares Quarterly DividendGlobeNewswire
MCBC
Earnings
- 4/25/24 - Miss
MCBC
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form 8-K
- MCBC's page on the SEC website