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


Mackinac Financial's Effective Tax Rate by quarter

Trends, Rankings, Statistics



MFNC Effective Tax Rate (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 Pre-Tax Income Change -14.75 % 10.77 % 6.09 % -10.64 % -5.84 %
Seq. Pre-Tax Income Change -12.86 % -7.28 % 9.67 % -3.8 % 13.23 %
Pre-Tax Income In Millions $3.73 $4.28 $4.61 $4.21 $4.37
Effective Tax Rate 21 % 9.3 % 21.02 % 20.99 % 21.02 %
Effective Tax Rate Total Ranking # 1017 # 279 # 963 # 930 # 793
Income taxes expenses / -benefit In Millions $0.78 $0.40 $0.97 $0.88 $0.92
Y / Y Income taxes expenses / -benefit Change -14.8 % -50.92 % -7.97 % -10.72 % -5.74 %
Seq. Income taxes expenses / -benefit Change 96.73 % -58.97 % 9.85 % -3.92 % 13.32 %


Commenting Second Quarter 2021 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compare to previous quarter to 21 %, below company's average Effective Tax Rate.

Looking into II. Quarter results within Regional Banks industry 97 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 279 to 1017.

MFNC's Effective Tax Rate second quarter 2021 Company Ranking
Within: No.
Regional Banks Industry # 98
Financial Sector # 310
Overall # 1005

MFNC's Effective Tax Rate Statistics
High Average Low
100.7 % 29.16 % 9.3 %
(Dec 31 2017)   (Mar 31 2021)




Other Effective Tax Rate Profitability Ratios
MFNC's Cumulative Effective Tax Rate
Regional Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
MFNC's Effective Tax Rate Profitability versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for MFNC's Competitors
Effective Tax Rate Profit Margin for Mackinac Financial's Suppliers
Effective Tax Rate Profit Margin for MFNC's Customers

You may also want to know
MFNC's Annual Growth Rates 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 Income taxes expenses / -benefit Growth
MFNC's Roa MFNC's Inventory Turnover Ratio MFNC's Growth Rates MFNC's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Jun 30 2021, within Regional Banks Industry Effective Tax RateJun 30 2021 MRQ Income taxes expenses / -benefitJun 30 2021 MRQ Pre-Tax Income
First Ban corp   36.23 %$ 40.092 $ 110.650 
Ofg Bancorp  32.04 %$ 19.250 $ 60.077 
Metropolitan Bank Holding Corp   31.84 %$ 6.229 $ 19.565 
Op Bancorp  30.12 %$ 2.750 $ 9.129 
Hv Bancorp Inc   29.79 %$ 0.544 $ 1.826 
Provident Bancorp Inc   29.78 %$ 1.343 $ 4.509 
Pcb Bancorp  29.39 %$ 4.098 $ 13.942 
Luther Burbank Corp   29.35 %$ 8.813 $ 30.029 
Rbb Bancorp  29.28 %$ 5.540 $ 18.920 
Bank Of Commerce Holdings  28.83 %$ 1.677 $ 5.816 
Cvb Financial Corp   28.60 %$ 20.500 $ 71.679 
Quaint Oak Bancorp Inc  28.52 %$ 0.567 $ 1.988 
Harborone Bancorp Inc   28.34 %$ 5.645 $ 19.921 
California Bancorp  28.33 %$ 1.645 $ 5.807 
New York Community Bancorp Inc   28.30 %$ 60.000 $ 212.000 
First Foundation inc   28.19 %$ 10.230 $ 36.284 
Community West Bancshares  27.97 %$ 1.379 $ 4.930 
Baycom Corp  27.61 %$ 2.025 $ 7.333 
Trico Bancshares  27.52 %$ 10.767 $ 39.129 
Wintrust Financial Corp  27.08 %$ 39.041 $ 144.150 
Amalgamated Financial Corp   26.92 %$ 3.833 $ 14.241 
Pacific Premier Bancorp Inc  26.85 %$ 35.341 $ 131.643 
Investors Bancorp Inc   26.81 %$ 29.229 $ 109.036 
County Bancorp Inc   26.72 %$ 2.459 $ 9.202 
Howard Bancorp Inc  26.45 %$ 2.682 $ 10.138 
Old Second Bancorp Inc  26.33 %$ 3.152 $ 11.972 
Cambridge Bancorp  26.28 %$ 4.971 $ 18.915 
Bank Of Marin Bancorp  25.91 %$ 3.247 $ 12.532 
Merchants Bancorp  25.91 %$ 17.977 $ 69.394 
Eagle Bancorp inc   25.80 %$ 16.687 $ 64.680 




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