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

MFNC's Net Income Growth by Quarter and Year

Mackinac Financial's Net Income results by quarter and year




MFNC Net Income (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 Net Income second quarter 2021 Y/Y Growth Comment
Mackinac Financial Corp reported fall in Net Income 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 Net Income compares unfavorably to the Company's average Net Income jump of 46.26%.

Looking into second quarter 2021 results within Regional Banks industry 187 other companies have achieved higher Net Income growth. While Mackinac Financial Corp' s Net Income decrease of -14.64% ranks overall at the positon no. 1509 in the second quarter 2021.




MFNC Net Income ( 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 Net Income $ 2.95 millions MFNC's Income Statement
Mackinac Financial's second quarter 2020 Net Income $ 3.45 millions Quarterly MFNC's Income Statement
New: More MFNC's historic Net Income Growth >>


MFNC Net Income (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 %




Net Income second quarter 2021 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #188
Financial Sector #555
Overall #1509

Net Income Y/Y Growth Statistics
High Average Low
826.52 % 46.26 % -76.43 %
(Jun 30 2019)   (Jun 30 2018)
Net Income second quarter 2021 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #188
Financial Sector #555
Overall #1509
Net Income Y/Y Growth Statistics
High Average Low
826.52 % 46.26 % -76.43 %
(Jun 30 2019)   (Jun 30 2018)

Net Income by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Mackinac Financial's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
675 % 26.96 % -88.53 %
(Sep 30 2018)  


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

Although periodic circumstance usually elevate II. Quarter 2021 performance, this simply has not been sufficient to salvage Mackinac Financial's II. Quarter achievement, Aarohi Pillai , market consultant allocated in Toronto pointed out.

Within Regional Banks industry 198 other companies have achieved higher Net Income quarter on quarter growth. While Mackinac Financial's Net Income growth quarter on quarter, overall rank is 1813.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #199
Financial Sector #604
Overall #1813
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #199
Financial Sector #604
Overall #1813
Net Income Q/Q Growth Statistics
High Average Low
675 % 26.96 % -88.53 %
(Sep 30 2018)  


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

Some seasonal influence were not able to rescue the II. Quarter for the Mackinac Financial Corp, Aarohi Pillai , market consultant allocated in Toronto said, she identified new difficulties ahead for Mackinac Financial.

Within Regional Banks industry 198 other companies have achieved higher Net Income quarter on quarter growth. While Mackinac Financial's Net Income growth quarter on quarter, overall rank is 1813.


Mackinac Financial's 12 Months Net Income Growth Year on Year


Net Income 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 Net Income 12 Months Ending $ 13.79 $ 14.30 $ 13.47 $ 13.12 $ 13.52
Y / Y Net Income Growth (TTM) 2.03 % 4.14 % -2.72 % -5.72 % 1.88 %
Year on Year Net Income Growth Overall Ranking # 1449 # 1049 # 793 # 900 # 694
Seqeuential Net Income Change (TTM) -3.56 % 6.15 % 2.66 % -2.92 % -1.57 %
Seq. Net Income Growth (TTM) Overall Ranking # 1483 # 1361 # 1333 # 1343 # 1032




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Jun 30 2021 period, Mackinac Financial's cumulative twelve months Net Income were $ 14 millions, company would post below average annual Net Income 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 Net Income growth from the 3.88% growth in Mar 31 2021.

In the Financial sector 519 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1049 to 1449.

Net Income TTM Q/Q Growth Statistics
High Average Low
231.25 %
31.4 %
-71.37 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 198
Financial Sector # 520
Overall # 1449

Net Income TTM Y/Y Growth Statistics
High Average Low
231.25 %
31.4 %
-71.37 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 198
Sector # 533
S&P 500 # 1483
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Jun 30 2021 period, Mackinac Financial's cumulative twelve months Net Income were $ 14 millions, company would post below average annual Net Income 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 Net Income growth from the 3.88% growth in Mar 31 2021.

In the Financial sector 519 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1049 to 1449.

Net Income TTM Q/Q Growth Statistics
High Average Low
231.25 %
31.4 %
-71.37 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 198
Financial Sector # 520
Overall # 1449

Net Income TTM Y/Y Growth Statistics
High Average Low
231.25 %
31.4 %
-71.37 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 198
Sector # 533
S&P 500 # 1483




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MFNC's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MFNC's Competitors
Net Income Growth for Mackinac Financial's Suppliers
Net Income 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



Companies with similar Net Income fall for the quarter ending Jun 30 2021 within Financial SectorY/Y Change %Net Income for the quarter ending Jun 30 2021
Prosperity Bancshares Inc -0.22%$ -0.222 millions
Pra Group Inc -0.44%$ -0.439 millions
First Citizens Bancshares Inc-0.65%$ -0.649 millions
Amerisafe Inc -0.76%$ -0.756 millions
Southside Bancshares Inc -1.10%$ -1.100 millions
Qnb Corp -1.65%$ -1.652 millions
Landmark Bancorp Inc -2.35%$ -2.353 millions
Provident Bancorp Inc -2.58%$ -2.585 millions
Manhattan Bridge Capital Inc -3.56%$ -3.560 millions
Erie Indemnity Company-3.60%$ -3.596 millions
Nelnet Inc-4.15%$ -4.153 millions
Meridian Bancorp Inc -4.24%$ -4.242 millions
Aon Plc-4.38%$ -4.380 millions
Old Second Bancorp Inc-4.52%$ -4.525 millions
Penns Woods Bancorp inc -4.54%$ -4.543 millions
Cno Financial Group Inc -4.88%$ -4.878 millions
Territorial Bancorp Inc -5.43%$ -5.430 millions
Prosight Global Inc -5.94%$ -5.945 millions
Premier Financial Bancorp Inc -6.03%$ -6.030 millions
Capitol Federal Financial Inc -6.61%$ -6.609 millions
Cboe Global Markets Inc -7.13%$ -7.130 millions
Broadmark Realty Capital Inc -7.63%$ -7.627 millions
Invesco Db Us Dollar Index Bearish Fund-7.64%$ -7.640 millions
The First Bancshares Inc -7.93%$ -7.927 millions
B Riley Financial Inc -9.00%$ -9.002 millions
Walker and Dunlop Inc -9.67%$ -9.670 millions
Principal Financial Group inc-10.69%$ -10.695 millions
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Rli Corp-11.23%$ -11.231 millions
Safety Insurance Group Inc -11.36%$ -11.359 millions




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