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Macatawa Bank Corp  (MCBC)
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

An ordinary Double Digit EPS elevation by 38.1 % at the company amid the fiscal third quarter of 2022

reported third quarter of 2022 operating profit of $12.533 millions


Published Oct 28 2022
CSIMarket Team / CSIMarket.com


PNC_bank_ATMs_By_myself_ (UserPiotrus)_(Own_work)[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons announced astonishing results in the financial three months closing Sep 30 2022, where Revenues rose by 20.363 % to $24.66 millions and profit per share went up by 38.1 % to $0.29 per share, year on year.

From the Income per Share soared by 52.63 % from $0.19 per share and Revenues improved by 23.46 % from $19.97 millions.


Net profits of $10.045 millions in the fiscal third quarter of 2022 increased by 39.48 % from net earnings of $7.202 millions reported in the fiscal third quarter of 2022 a year ago. Macatawa Bank Corp also emphasized it's improving profit margins, where net margin rose to 40.73% in fiscal third quarter of 2022, and operating margin edged up to 50.82%.
Operating earnings, however, rose 40.22% to $12.533 millions.

Macatawa Bank Corp is expected to report next financial results on April 27, 2023.



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Macatawa Bank's Executive Officers



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