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Macatawa posts 1Q profit

HOLLAND, Mich. (AP) _ Macatawa Bank Corp. (MCBC) on Thursday reported first-quarter profit of $4.5 million.

The bank, based in Holland, Michigan, said it had earnings of 13 cents per share.

The holding company for Macatawa Bank posted revenue of $18.1 million in the period. Its adjusted revenue was $16.8 million.

Macatawa shares have dropped almost 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.11, an increase of 47 percent 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


Keywords: Macatawa Bank, Earnings Report