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Mackinac Financial Corp  (MFNC)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Mackinac Financial Corp

MFNC's Financial Statements and Analysis



Mackinac Financial Corp reported in the second quarter of 2021 net earnings per share of $0.28 a decrease by -15.15 % year on year from $0.33 and decline of -24.32 % from $0.37 earned in I. Quarter (Mar 31 2021).


second quarter of 2021
Earnings Per Share Revenues
$ 0.28 $  16 Mill
$-0.05     -15.15 % $-1M     -6.49 %



Mackinac Financial's Revenue fell by -6.49 % in second quarter of 2021 (Jun 30 2021) year on year, to $16 million and declined by -3.01 % sequentially.


Mackinac Financial is

More on MFNC's Income Statement



Mackinac Financial's net income of $2.945 million in the second quarter of 2021 decreased by -14.74 % from net earnings of $3.454 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -24.1 % from net income of $3.880 million realized in previous quarter.

More on MFNC's Growth

Mackinac Financial Inventories
MFNC's Cash flow In the second quarter of 2021 company's net cash flow was $108 million, capital expenditures grew by -1.76-86.93%, to $0 millions compare to same quarter a year ago

More on MFNC's Cash flow Statement


Mackinac Financial Corp payed out dividend of $0.56 per share in last 52 weeks representing 42.75 % of net earning per share in trailing twelve-month period.

During the same period Mackinac Financial Corp earned $ 2.07 cash per share, on a free-cash flow basis 158.15 % of net earning per share.

Book value grew by 0.72 % sequentially to $16.35 per share, 50.47% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.10 per share from $ 13.96.

Company issued 0.03 million shares or 0.30 % in Jun 30 2021.
Interest Coverage Ratio was 4.36. Debt Coverage Ratio was 0.42.

More on MFNC's Dividends

 Market Capitalization (Millions) 226
 Shares Outstanding (Millions) 11
 Total Debt (Millions $) 28
 Revenue (TTM) (Millions $) 64
 Net Income (TTM) (Millions $) 14
 Cash Flow (TTM) (Millions $) 197
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0.56 $
 Dividend Yield TTM (%) 2.6 %
 Employees (TTM) $ 173




Mackinac Financial Corp payed out dividend of $0.56 per share in the last 52 weeks representing 42.75 % of net earning per share in trailing twelve-month period.

During the same period Mackinac Financial Corp had $ 2.07 cash flow per share, on a free-cash flow basis 158.15 % of net earning per share.

Book value grew by 0.72 % sequentially to $16.35 per share, 50.47% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 14.10 per share from $ 13.96.

Company issued 0.03 million shares or 0.30 % in Jun 30 2021.
Interest Coverage Ratio was 4.36. Debt Coverage Ratio was 0.42.

More on MFNC's Balance Sheets

 Market Capitalization (Millions) 226
 Shares Outstanding (Millions) 11
 Total Debt (Millions $) 28
 Revenue (TTM) (Millions $) 64
 Net Income (TTM) (Millions $) 14
 Cash Flow (TTM) (Millions $) 197
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0.56 $
 Dividend Yield TTM (%) 2.6 %
 Employees (TTM) $ 173
   



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





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