Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $10.50 USD
Change Today +0.03 / 0.29%
Volume 1.6K
MFNC On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

mackinac financial corp (MFNC) Key Developments

Mackinac Financial Corporation Increases Quarterly Cash Dividend on Common Stock, Payable on October 5, 2015

Mackinac Financial Corporation announced the approval of a cash dividend by its Board of Directors on August 25, 2015. The Board of Directors declared an increased cash dividend of $0.10 per common share, payable on October 5, 2015 to shareholders of record at September 23, 2015. The dividend is a 33% increase from the prior quarter's dividend.

Mackinac Financial Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Mackinac Financial Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $8,099,000 compared to $6,663,000 a year ago. Net interest income was $7,000,000 compared to $5,659,000 a year ago. Income before provision for income taxes was $2,450,000 compared to $1,220,000 a year ago. Net income available to common shareholders was $1,614,000 or $0.26 per diluted share compared to $806,000 or $0.14 per diluted share a year ago. Book value per common share was $12.15 compared to $12.03 a year ago. Tangible book value per share was $11.35 compared to $12.03 a year ago. Return on average assets was 0.88% compared to 0.56% a year ago. Return on average equity was 8.57% compared to 4.93% a year ago. For the six months, the company reported total interest income of $16,732,000 compared to $13,265,000 a year ago. Net interest income was $14,520,000 compared to $11,252,000 a year ago. Income before provision for income taxes was $4,533,000 compared to $2,214,000 a year ago. Net income available to common shareholders was $2,985,000 or $0.48 per diluted share compared to $1,466,000 or $0.26 per diluted share a year ago. The increase in net interest income was largely due to the PFC acquisition as the company increased earning assets by approximately $90 million. Return on average assets was 0.82% compared to 0.51% a year ago. Return on average equity was 8.03% compared to 4.51% a year ago.

Mackinac Financial Corporation to Report Q2, 2015 Results on Jul 24, 2015

Mackinac Financial Corporation announced that they will report Q2, 2015 results on Jul 24, 2015

Mackinac Financial Corporation Declares Cash Dividend, Payable on July 10, 2015

Mackinac Financial Corporation announced that on May 27, 2015, its board of directors declared a cash dividend of $0.075 per common share, payable July 10, 2015 to shareholders of record June 25, 2015. The dividend is unchanged from the prior quarter's dividend.

Mackinac Financial Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Mackinac Financial Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the first quarter 2015, the company reported total interest income of $8,633,000 against $6,602,000 a year ago. Net interest income was $7,520,000 against $5,593,000 a year ago. Net interest income after provision for loan losses was $7,215,000 against $5,410,000 a year ago. Income before provision for income taxes was $2,083,000 against $994,000 a year ago. Net income available to common shareholders was $1,371,000 or $0.22 per diluted share against $660,000 or $0.12 per diluted share a year ago. The book value per share equated to $11.99 as on March 31, 2015 compared to $11.89 per share as on March 31, 2014. Return on average assets was 0.75% against 0.46% a year ago. Return on average equity was 7.54% against 4.09% a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MFNC:US $10.50 USD +0.03

MFNC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
ChoiceOne Financial Services Inc $22.25 USD 0.00
Guaranty Federal Bancshares Inc $14.84 USD +0.165
HMN Financial Inc $11.50 USD +0.18
PSB Holdings Inc/WI $43.90 USD +0.22
Southern Michigan Bancorp Inc $23.85 USD 0.00
View Industry Companies
 

Industry Analysis

MFNC

Industry Average

Valuation MFNC Industry Range
Price/Earnings 19.5x
Price/Sales 2.2x
Price/Book 0.9x
Price/Cash Flow 20.3x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MACKINAC FINANCIAL CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.