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Macatawa: 2Q Earnings Snapshot

HOLLAND, Mich. (AP) _ Macatawa Bank Corp. (MCBC) on Thursday reported second-quarter profit of $8 million.

The Holland, Michigan-based bank said it had earnings of 24 cents per share.

The holding company for Macatawa Bank posted revenue of $24.3 million in the period. Its revenue net of interest expense was $21.1 million, which topped Street forecasts.

Macatawa shares have climbed 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.92, a decline of 20% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCBC at https://www.zacks.com/ap/MCBC