Macatawa Bank Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 22.24 million compared to USD 19.77 million a year ago. Net income was USD 11.41 million compared to USD 10.05 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.29 a year ago.
For the nine months, net interest income was USD 66.01 million compared to USD 47.28 million a year ago. Net income was USD 33.73 million compared to USD 22.61 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 0.66 a year ago.