Mackinac Financial's Corporate Customers have recorded a growth in their cost of revenue by 44.99 % in the 2 quarter 2021 year on year, sequentially costs of revenue grew by 20.04 %. During the corresponding time, Mackinac Financial Corp saw a revenue deteriorated by -6.49 % year on year, sequentially revenue fell by -3.01 %. While revenue at the Mackinac Financial Corp's corporate clients recorded rose by 39.64 % year on year, sequentially revenue grew by 23.48 %.
Mackinac Financial's Customers have recorded a growth in their cost of revenue by 44.99 % in the 2 quarter 2021 year on year, sequentially costs of revenue grew by 20.04 %, for the same period Mackinac Financial Corp revnue deteriorated by -6.49 % year on year, sequentially revenue fell by -3.01 %.
Mackinac Financial's Comment on Sales, Marketing and Customers
The Corporation’s and the Bank’s revenues and assets are derived primarily
from banking activities. The Bank’s primary market area is the Upper Peninsula,
the northern portion of the Lower Peninsula of Michigan, and Oakland County in
Lower Michigan. The Bank provides to its customers commercial, real estate, agricultural,
and consumer loans, as well as a variety of traditional deposit products. Less
than 1.0% of the Corporation’s business activity is with Canadian customers
and denominated in Canadian dollars.
Mackinac Financial’s Comment on Sales, Marketing and Customers
The Corporation’s and the Bank’s revenues and assets are derived primarily
from banking activities. The Bank’s primary market area is the Upper Peninsula,
the northern portion of the Lower Peninsula of Michigan, and Oakland County in
Lower Michigan. The Bank provides to its customers commercial, real estate, agricultural,
and consumer loans, as well as a variety of traditional deposit products. Less
than 1.0% of the Corporation’s business activity is with Canadian customers
and denominated in Canadian dollars.
Sources:
Mackinac Financial Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Mackinac Financial Corp’s corporate clients.
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