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

MFNC's Operating Income Growth by Quarter and Year

Mackinac Financial's Operating Income results by quarter and year




MFNC Operating Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter December - 4.61 4.35 4.26
III Quarter September - 4.21 4.71 3.89
II Quarter June 3.73 4.37 4.64 0.50
I Quarter March 4.28 3.86 4.01 1.95
FY   8.01 17.05 17.71 10.60



MFNC Operating Income second quarter 2021 Y/Y Growth Comment
Mackinac Financial Corp reported fall in Operating Income in the second quarter 2021 by -14.69% to $ 3.73 millions, from the same quarter in 2020.
The decline in the second quarter 2021 Mackinac Financial Corp's Operating Income compares unfavorably to the Company's average Operating Income jump of 49.34%.

Looking into second quarter 2021 results within Regional Banks industry 185 other companies have achieved higher Operating Income growth. While Mackinac Financial Corp' s Operating Income decrease of -14.69% ranks overall at the positon no. 1696 in the second quarter 2021.

Explain Operating Income growth


MFNC Operating Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - 5.98 % 2.11 % 50 %
III Quarter September - -10.62 % 21.08 % 28.81 %
II Quarter June -14.69 % -5.82 % 828 % -80.39 %
I Quarter March 10.88 % -3.74 % 105.64 % -25.57 %
FY   - -3.73 % 67.08 % -3.9 %

Financial Statements
Mackinac Financial's second quarter 2021 Operating Income $ 3.73 millions MFNC's Income Statement
Mackinac Financial's second quarter 2020 Operating Income $ 4.37 millions Quarterly MFNC's Income Statement
New: More MFNC's historic Operating Income Growth >>


MFNC Operating Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter December - 9.5 % -7.64 % 9.51 %
III Quarter September - -3.66 % 1.51 % 678 %
II Quarter June -12.9 % 13.21 % 15.71 % -74.36 %
I Quarter March -7.16 % -11.26 % -5.87 % -31.34 %
FY (Year on Year)   - -3.73 % 67.08 % -3.9 %




Operating Income second quarter 2021 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #186
Financial Sector #580
Overall #1696

Operating Income Y/Y Growth Statistics
High Average Low
830.66 % 49.34 % -100 %
(Jun 30 2019)   (Mar 31 2016)
Operating Income second quarter 2021 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #186
Financial Sector #580
Overall #1696
Operating Income Y/Y Growth Statistics
High Average Low
830.66 % 49.34 % -100 %
(Jun 30 2019)   (Mar 31 2016)

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

Mackinac Financial's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
679.36 % 22.17 % -100 %
(Sep 30 2018)  


MFNC's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2021 Mackinac Financial Corp disclosed drop in Operating Income from the first quarter by -12.9% to $ 3.73 millions, from $ 4.28 millions achived in the previous quarter.

Although periodic influence normally fuel II. Quarter 2021 performance, that plainly has not been substantial to salvage Mackinac Financial's performance, Megan White, Regional Banks industry veteran pointed out and continued that average sequential Operating Income growth is at 22.17% for MFNC.

Within Regional Banks industry 44 other companies have achieved higher Operating Income quarter on quarter growth. While Mackinac Financial's Operating Income growth quarter on quarter, overall rank is 1617.


Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #45
Financial Sector #493
Overall #1617
Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #45
Financial Sector #493
Overall #1617
Operating Income Q/Q Growth Statistics
High Average Low
679.36 % 22.17 % -100 %
(Sep 30 2018)  


MFNC's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2021 Mackinac Financial Corp reported drop in Operating Income sequentially by -12.9% to $ 3.73 millions, from $ 4.28 millions declared a quarter before.

Albeit seasonal factors commonly energize II. Quarter 2021 results, that clearly could not be sufficient to rescue MFNC's achievement, Megan White, Regional Banks industry veteran pointed out and mentioned that average quarter on quarter Operating Income growth is at 22.17% for the Regional Banks's company.

Within Regional Banks industry 44 other companies have achieved higher Operating Income quarter on quarter growth. While Mackinac Financial's Operating Income growth quarter on quarter, overall rank is 1617.


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


Operating 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 Operating Income 12 Months Ending $ 16.83 $ 17.47 $ 17.06 $ 16.79 $ 17.29
Y / Y Operating Income Growth (TTM) -2.69 % -0.52 % -3.69 % -4.71 % 2.92 %
Year on Year Operating Income Growth Overall Ranking # 1353 # 1196 # 909 # 1047 # 735
Seqeuential Operating Income Change (TTM) -3.69 % 2.44 % 1.58 % -2.9 % -1.54 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1577 # 1447 # 1010 # 1450 # 894




Cumulative Operating Income growth Comment
Mackinac Financial's cumulative 12 months Operating Income continue to decrease, but on the faster rate at -2.69% year on year, at Jun 30 2021 compare to the -0.52% decrease at Mar 31 2021. If the Mackinac Financial's fiscal year would end at Jun 30 2021, annual Operating Income would be $17 millions.

In the Financial sector 477 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1196 to 1353.

Operating Income TTM Q/Q Growth Statistics
High Average Low
102.43 %
18.81 %
-31.29 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 186
Financial Sector # 478
Overall # 1353

Operating Income TTM Y/Y Growth Statistics
High Average Low
102.43 %
18.81 %
-31.29 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 186
Sector # 531
S&P 500 # 1577
Cumulative Operating Income growth Comment
Mackinac Financial's cumulative 12 months Operating Income continue to decrease, but on the faster rate at -2.69% year on year, at Jun 30 2021 compare to the -0.52% decrease at Mar 31 2021. If the Mackinac Financial's fiscal year would end at Jun 30 2021, annual Operating Income would be $17 millions.

In the Financial sector 477 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1196 to 1353.

Operating Income TTM Q/Q Growth Statistics
High Average Low
102.43 %
18.81 %
-31.29 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 186
Financial Sector # 478
Overall # 1353

Operating Income TTM Y/Y Growth Statistics
High Average Low
102.43 %
18.81 %
-31.29 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 186
Sector # 531
S&P 500 # 1577




Other Operating Income Growth
Regional Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
MFNC's Operating Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for MFNC's Competitors
Operating Income Growth for Mackinac Financial's Suppliers
Operating 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 Operating Income decrease for the quarter ending Jun 30 2021 within Financial SectorY/Y Change %Operating Income for the quarter ending Jun 30 2021
Crawford and Co-0.06%$ -0.058 millions
Cortland Bancorp Inc-0.30%$ -0.304 millions
Southside Bancshares Inc -0.65%$ -0.653 millions
Unum Group-1.18%$ -1.177 millions
Equinix Inc -1.36%$ -1.357 millions
Griffin american Healthcare Reit Iii Inc -1.39%$ -1.386 millions
Sabra Health Care Reit Inc -1.40%$ -1.397 millions
Qnb Corp -2.27%$ -2.271 millions
Amerisafe Inc -2.38%$ -2.381 millions
Hilltop Holdings Inc -2.40%$ -2.405 millions
Premier Financial Bancorp Inc -2.97%$ -2.973 millions
Cno Financial Group Inc -3.19%$ -3.191 millions
Landmark Bancorp Inc -3.21%$ -3.214 millions
Old Second Bancorp Inc-3.27%$ -3.272 millions
Safety Insurance Group Inc -3.49%$ -3.495 millions
Manhattan Bridge Capital Inc -3.70%$ -3.705 millions
Kbs Real Estate Investment Trust Iii Inc -4.09%$ -4.091 millions
Northrim Bancorp Inc -4.19%$ -4.188 millions
Bluerock Residential Growth Reit Inc.-4.28%$ -4.281 millions
Penns Woods Bancorp inc -4.53%$ -4.529 millions
Meridian Bancorp Inc -4.55%$ -4.552 millions
Territorial Bancorp Inc -4.95%$ -4.948 millions
Pillarstone Capital Reit-6.15%$ -6.146 millions
Pra Group Inc -6.35%$ -6.350 millions
Erie Indemnity Company-6.72%$ -6.716 millions
Capitol Federal Financial Inc -6.78%$ -6.783 millions
Rli Corp-10.79%$ -10.788 millions
Oportun Financial Corporation-11.17%$ -11.166 millions
Walker and Dunlop Inc -11.69%$ -11.689 millions
Cyrusone Inc -11.85%$ -11.848 millions




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