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HOLLAND, Mich. (AP) — HOLLAND, Mich. (AP) — Macatawa Bank Corp. (MCBC) on Thursday reported net income of $9.5 million in its fourth quarter.
The Holland, Michigan-based bank said it had earnings of 28 cents per share.
The holding company for Macatawa Bank posted revenue of $34.3 million in the period. Its revenue net of interest expense was $26.1 million, falling short of Street forecasts.
For the year, the company reported profit of $43.2 million, or $1.26 per share. Revenue was reported as $105.9 million.
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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