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

MFNC's Income from Cont. Operations Growth by Quarter and Year

Mackinac Financial's Income from Cont. Operations results by quarter and year




MFNC Income from Cont. Operations (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter December - 3.64 3.30 3.37
III Quarter September - 3.32 3.72 3.07
II Quarter June 2.95 3.45 3.67 0.40
I Quarter March 3.88 3.05 3.17 1.54
FY   6.83 13.46 13.86 8.38



MFNC Income from Cont. Operations second quarter 2021 Y/Y Growth Comment
Mackinac Financial Corp reported fall in Income from Cont. Operations in the second quarter 2021 by -14.64% to $ 2.95 millions, from the same quarter in 2020.
The decline in the second quarter 2021 Mackinac Financial Corp's Income from Cont. Operations compares unfavorably to the Company's average Income from Cont. Operations jump of 46.26%.

Looking into second quarter 2021 results within Regional Banks industry 188 other companies have achieved higher Income from Cont. Operations growth. While Mackinac Financial Corp' s Income from Cont. Operations decrease of -14.64% ranks overall at the positon no. 1514 in the second quarter 2021.




MFNC Income from Cont. Operations ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - 10.3 % -2.08 % -
III Quarter September - -10.75 % 21.17 % 46.89 %
II Quarter June -14.64 % -5.99 % 817.5 % -76.19 %
I Quarter March 27.21 % -3.79 % 105.84 % -10.98 %
FY   - -2.89 % 65.39 % 52.92 %

Financial Statements
Mackinac Financial's second quarter 2021 Income from Cont. Operations $ 2.95 millions MFNC's Income Statement
Mackinac Financial's second quarter 2020 Income from Cont. Operations $ 3.45 millions Quarterly MFNC's Income Statement
New: More MFNC's historic Income from Cont. Operations Growth >>


MFNC Income from Cont. Operations (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter December - 9.64 % -11.29 % 9.77 %
III Quarter September - -3.77 % 1.36 % 667.5 %
II Quarter June -24.1 % 13.11 % 15.77 % -74.03 %
I Quarter March 6.59 % -7.58 % -5.93 % -
FY (Year on Year)   - -2.89 % 65.39 % 52.92 %




Income from Cont. Operations second quarter 2021 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #189
Financial Sector #555
Overall #1514

Income from Cont. Operations Y/Y Growth Statistics
High Average Low
826.52 % 46.26 % -76.43 %
(Jun 30 2019)   (Jun 30 2018)
Income from Cont. Operations second quarter 2021 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #189
Financial Sector #555
Overall #1514
Income from Cont. Operations Y/Y Growth Statistics
High Average Low
826.52 % 46.26 % -76.43 %
(Jun 30 2019)   (Jun 30 2018)

Income from Cont. Operations by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Mackinac Financial's Q/Q Income from Cont. Operations Growth


Income from Cont. Operations Q/Q Growth Statistics
High Average Low
675 % 26.96 % -88.53 %
(Sep 30 2018)  


MFNC's II. Quarter Q/Q Income from Cont. Operations Comment
In the II. Quarter 2021 Mackinac Financial Corp disclosed fall in Income from Cont. Operations from the previous quarter by -24.1% to $ 2.95 millions, from $ 3.88 millions declared in the previous quarter.

Those seasonal influence that commonly energize II. Quarter 2021 Income from Cont. Operations, could not recover the II. Quarter for the Mackinac Financial Corp, Stephanie Robinson, an industry contributor pointed out, she cited certan caution towards MFNC's perspective and wrote that average quarter on quarter Income from Cont. Operations growth is at 26.96% for Mackinac Financial.

Within Regional Banks industry 59 other companies have achieved higher Income from Cont. Operations quarter on quarter growth. While Mackinac Financial's Income from Cont. Operations growth quarter on quarter, overall rank is 1647.


Income from Cont. Operations Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #60
Financial Sector #583
Overall #1647
Income from Cont. Operations Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #60
Financial Sector #583
Overall #1647
Income from Cont. Operations Q/Q Growth Statistics
High Average Low
675 % 26.96 % -88.53 %
(Sep 30 2018)  


MFNC's II. Quarter Q/Q Income from Cont. Operations Comment
In the II. Quarter 2021 Mackinac Financial Corp reported fall in Income from Cont. Operations from the previous quarter by -24.1% to $ 2.95 millions, from $ 3.88 millions achived a quarter before.

Even cyclical factors which normally fuel II. Quarter 2021 results, that plainly was not substantial to recover Mackinac Financial's II. Quarter 2021 outcome, Stephanie Robinson, an industry contributor pointed out and wrote that average quarter on quarter Income from Cont. Operations growth is at 26.96% for the Regional Banks's company.

Within Regional Banks industry 59 other companies have achieved higher Income from Cont. Operations quarter on quarter growth. While Mackinac Financial's Income from Cont. Operations growth quarter on quarter, overall rank is 1647.


Mackinac Financial's 12 Months Income from Cont. Operations Growth Year on Year


Income from Cont. Operations TTM Growth

12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
12 Months Ending
(Dec 31 2020)
12 Months Ending
(Sep 30 2020)
12 Months Ending
(Jun 30 2020)
Cumulative Income from Cont. Operations 12 Months Ending $ 13.79 $ 14.30 $ 13.47 $ 13.12 $ 13.52
Y / Y Income from Cont. Operations Growth (TTM) 2.03 % 4.14 % -2.72 % -5.72 % 1.88 %
Year on Year Income from Cont. Operations Growth Overall Ranking # 1463 # 1051 # 1076 # 973 # 707
Seqeuential Income from Cont. Operations Change (TTM) -3.56 % 6.15 % 2.66 % -2.92 % -1.57 %
Seq. Income from Cont. Operations Growth (TTM) Overall Ranking # 1899 # 1366 # 1169 # 1341 # 1044




Cumulative Income from Cont. Operations growth Comment
With the quarterly Income from Cont. Operations reported in the Jun 30 2021 period, Mackinac Financial's cumulative twelve months Income from Cont. Operations were $ 14 millions, company would post below average annual Income from Cont. Operations growth of -1.57% year on year, if the fiscal year would end at Jun 30 2021.
A slow-down in the Mackinac Financial's Income from Cont. Operations growth from the 3.88% growth in Mar 31 2021.

In the Financial sector 521 other companies have achieved higher trailing twelve month Income from Cont. Operations growth. While Income from Cont. Operations growth total ranking has deteriorated compare to previous quarter from 1051 to 1463.

Income from Cont. Operations TTM Q/Q Growth Statistics
High Average Low
67.94 %
7.7 %
-68.05 %
 

Income from Cont. Operations TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 58
Financial Sector # 522
Overall # 1463

Income from Cont. Operations TTM Y/Y Growth Statistics
High Average Low
231.25 %
31.4 %
-71.37 %
 


Income from Cont. Operations TTM Q/Q Growth Company Ranking
Within: No.
Industry # 58
Sector # 627
S&P 500 # 1899
Cumulative Income from Cont. Operations growth Comment
With the quarterly Income from Cont. Operations reported in the Jun 30 2021 period, Mackinac Financial's cumulative twelve months Income from Cont. Operations were $ 14 millions, company would post below average annual Income from Cont. Operations growth of -71.37% year on year, if the fiscal year would end at Jun 30 2021.
A slow-down in the Mackinac Financial's Income from Cont. Operations growth from the 3.88% growth in Mar 31 2021.

In the Financial sector 521 other companies have achieved higher trailing twelve month Income from Cont. Operations growth. While Income from Cont. Operations growth total ranking has deteriorated compare to previous quarter from 1051 to 1463.

Income from Cont. Operations TTM Q/Q Growth Statistics
High Average Low
67.94 %
7.7 %
-68.05 %
 


Income from Cont. Operations TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 58
Financial Sector # 522
Overall # 1463

Income from Cont. Operations TTM Y/Y Growth Statistics
High Average Low
231.25 %
31.4 %
-71.37 %
 


Income from Cont. Operations TTM Q/Q Growth Company Ranking
Within: No.
Industry # 58
Sector # 627
S&P 500 # 1899




Other Income from Cont. Operations Growth
Regional Banks Industry Income from Cont. Operations Growth Trends and Statistics
Financial Sector Income from Cont. Operations Growth Statistics
Income from Cont. Operations Growth Trends for overall market
MFNC's Income from Cont. Operations Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Income from Cont. Operations Growth
Lowest Ranking Income from Cont. Operations Growth
Income from Cont. Operations Growth for MFNC's Competitors
Income from Cont. Operations Growth for Mackinac Financial's Suppliers
Income from Cont. Operations Growth 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 Dividend Payout Ratio
MFNC's Roa MFNC's Inventory Turnover Ratio MFNC's Growth Rates MFNC's Dividend Comparisons



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