Macatawa Bank (MCBC) Q1 Earnings and Revenues Miss Estimates

Macatawa Bank (MCBC) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.33%. A quarter ago, it was expected that this holding company for Macatawa Bank would post earnings of $0.32 per share when it actually produced earnings of $0.28, delivering a surprise of -12.50%.Over the last fo ...