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Mackinac Financial Corp  (MFNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


Mackinac Financial's ROA from the second quarter of 2021 to the second quarter of 2020 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Mackinac Financial's ROA in the second quarter of 2021?
Mackinac Financial Corp achieved a return on average assets (ROA) of 0.91 % in its second quarter of 2021, this is above MFNC's average return on assets of 0.7%.
Mackinac Financial Corp assets over the 12 months ending in its second quarter of 2021 are valued at $1,513 million

ROA decreased relative to the period ending Mar 31 2021, due to the decline in net income.

However, within the Financial sector 658 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the first quarter of 2021 from 2144 to 2447.

What is ROA?


Return On Assets (Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Y / Y Total Assets Change 0.03 % 11.2 % 13.76 % 19.68 % 19.56 %
Y / Y Net Income Change -14.74 % 27.17 % 10.59 % -10.62 % -5.86 %
Net Income (TTM) in million 14 14 13 13 14
Return On Assets (TTM) 0.91 % 0.95 % 0.91 % 0.92 % 0.99 %
MFNC's Total Ranking # 2447 # 2144 # 2004 # 1860 # 1843
Total Assets (TTM) in million 1,519 1,508 1,502 1,523 1,518
Seq. Total Assets Change 0.71 % 0.43 % -1.39 % 0.29 % 11.95 %
Seq. Net Income Change -24.1 % 6.48 % 9.63 % -3.76 % 13.21 %



Return On Assets Company Ranking
Within: No.
Industry # 172
Sector # 659
Overall # 2407

Return On Assets Statistics
High Average Low
1.05 %
0.7 %
0.27 %
(Sep 30 2019)   (Dec. 30, 2014)





Financial Statements
Mackinac Financial's Assets $ 1,519 million MFNC's Balance sheet
Mackinac Financial's Income $ 3 million Quarterly MFNC's Income Statement
MFNC's Income by Division See MFNC's Income by Division



Annual Return On Assets (Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018
(Dec 31 2017)
FY 2017
(Dec 31 2016)
FY 2016
Y / Y Total Assets Change 13.76 % 5.28 % 27.25 % 0.19 % 33.04 %
Total Assets in million 1,502 1,320 1,254 985 984
Y / Y Net Income Change -2.72 % 65.53 % 52.71 % 22.22 % -19.89 %
Net Income in million 13 14 8 5 4
Return On Assets 0.9 % 1.05 % 0.67 % 0.56 % 0.46 %




Comment on MFNC's ROA in the fiscal year ending 2020
In the fiscal year 2020 Mackinac Financial's ROA decreased compared to previous year to 0.9 %, due to deterioration of net income -2.72 % to $13.47 million, from $13.85 million a year ago, as MFNC's assets were $1,501.73 million.


More Return On Assets Ratios
MFNC's' Return on Assets at Yahoo Finance
Regional Banks Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
MFNC's Roa Ratio versus Regional Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for MFNC's Competitors
Roa for Mackinac Financial's Suppliers
Return On Assets for MFNC's Customers

You may also want to know
MFNC's Roi MFNC's Inventory Turnover Ratio MFNC's Growth Rates MFNC's Dividend Comparisons
MFNC's Profitability Ratios MFNC's Asset Turnover Ratio MFNC's Dividend Growth
MFNC's Roe MFNC's Valuation Ratios MFNC's Financial Strength Ratios MFNC's Dividend Payout Ratio



Companies with similar Return On Assets at Jun 30 2021, within Financial Sector ROA
Euronet Worldwide Inc   2.49 %
Investindustrial Acquisition Corp   2.48 %
Agnc Investment Corp   2.48 %
Ehealth Inc   2.47 %
Stifel Financial Corp  2.47 %
Weingarten Realty Investors  2.47 %
Columbia Property Trust Inc   2.45 %
Rpt Realty  2.44 %
Donegal Group Inc  2.43 %
Agree Realty Corporation  2.38 %
Great Ajax Corp  2.37 %
Cc Neuberger Principal Holdings Ii  2.36 %
Merchants Bancorp  2.35 %
Tremont Mortgage Trust  2.35 %
Tiptree Inc   2.34 %
Kkr Real Estate Finance Trust Inc   2.31 %
Sun Communities Inc  2.31 %
Kemper Corporation  2.31 %
Centerspace  2.31 %
First Savings Financial Group inc   2.30 %
Flagstar Bancorp Inc.  2.30 %
Santander Holdings Usa Inc   2.29 %
Omega Healthcare Investors inc   2.29 %
Bluerock Residential Growth Reit Inc.  2.26 %
Nelnet Inc  2.26 %
Assured Guaranty Ltd   2.24 %
Preferred Apartment Communities Inc   2.24 %
Blackstone Mortgage Trust Inc   2.22 %
Metrocity Bankshares inc   2.22 %
Raymond James Financial Inc   2.21 %


Date modified: 2023-03-26T07:51:22+00:00


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