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
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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Other MCBC's news
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elevation, elevation, elevation by in the April to June 30 2023 interval
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Top and Bottom-line went down at in the fiscal first quarter of 2022