Macatawa Bank Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 22.87 million compared to USD 12.83 million a year ago. Net income was USD 12.12 million compared to USD 6.22 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.18 a year ago.
For the full year, net interest income was USD 70.15 million compared to USD 56.07 million a year ago. Net income was USD 34.73 million compared to USD 29.01 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to USD 0.85 a year ago.