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 1.1 % in its second quarter of 2021, this is above MFNC's average return on assets of 0.91%.
Mackinac Financial Corp assets over the 12 months ending in its second quarter of 2021 are valued at $1,254 million

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

However, within the Financial sector 691 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 2278 to 2543.

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Return on Assets ROA▼

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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 %	40.82 %	396.33 %	19.68 %	574.13 %
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)	1.1 %	1.14 %	1.1 %	1.43 %	1.58 %
MFNC's Total Ranking	# 2543	# 2278	# 2267	# 1947	# 1915
Total Assets (TTM) in million	1,519	462	1,514	1,523	1,518
Seq. Total Assets Change	228.76 %	-69.47 %	-0.62 %	0.29 %	362.84 %
Seq. Net Income Change	-24.1 %	6.48 %	9.63 %	-3.76 %	13.21 %

MFNC's 5 Years Annual ROA >> Back to MFNC Management Effectiveness >> Compare MFNC ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 177
Sector	# 692
Overall	# 2479

Return On Assets Statistics
High	Average	Low
2.52 %	0.91 %	0.27 %
(Dec 31 2012)		(Dec 31 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
Annual Return On Assets	0.9 %	1.05 %	0.67 %	0.56 %	0.46 %

MFNC's 5 Years Annual ROA >> Back to MFNC Management Effectiveness >> Compare MFNC ROA to its Competitors

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
Subscribers only: Roa for MFNC's Competitors
Subscribers only: Roa for Mackinac Financial's Suppliers
Subscribers only: Return On Assets for MFNC's Customers

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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
Invesco Db G10 Currency Harvest Fund	3.02 %
Prologis Inc	3.02 %
Selectis Health Inc	2.95 %
Medical Properties Trust Inc	2.95 %
American National Group Inc	2.94 %
Primerica Inc	2.93 %
Hci Group Inc	2.93 %
Hilltop Holdings Inc	2.93 %
Apollo Commercial Real Estate Finance Inc	2.92 %
Ford Motor Credit Company Llc	2.91 %
Randolph Bancorp Inc.	2.90 %
Global Self Storage Inc	2.89 %
Jefferies Financial Group Inc	2.89 %
The Hartford Insurance Group Inc	2.88 %
Sba Communications Corporation	2.85 %
Sl green Realty corp	2.83 %
National Rural Utilities Cooperative Finance Corporation	2.82 %
African Gold Acquisition Corp	2.81 %
Capital one financial corp	2.78 %
Crown Castle Inc	2.74 %
Oaktree Acquisition Corp. Ii	2.72 %
Tectonic Financial Inc	2.71 %
Globe Life Inc	2.69 %
Equity Distribution Acquisition Corp.	2.62 %
Franklin Street Properties Corp	2.59 %
Pennymac Mortgage Investment Trust	2.59 %
Armour Residential Reit Inc	2.59 %
Greystone Housing Impact Investors Lp	2.58 %
Simmons First National Corp	2.57 %
Regions Financial Corporation	2.55 %

Date modified: 2026-09-08T15:10:21+00:00

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