02:13 PM EDT, 04/26/2024 (MT Newswires) -- Macatawa Bank ( MCBC ) reported Q1 diluted earnings late Thursday of $0.29 per share, down from $0.35 per share a year earlier.

Analysts polled by Capital IQ expected $0.30.

Revenue for the quarter, expressed as the sum of net interest income and total noninterest income, was $25.4 million, down from $27.1 million a year earlier.

Two analysts surveyed by Capital IQ expected $26.3 million.

The company maintained its quarterly dividend at $0.09 per share, payable May 30 to shareholders of record on May 13.

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