Mackinac Financial Corporation

Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $889 million and whose common stock is traded on the NASDAQ stock market as "MFNC." The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, MI, mBank has 20 branch locations; 13 in the Upper Peninsula, three in the Northern Lower Peninsula, one in Oakland County, MI and three in Northern Wisconsin. The Company's banking services include commercial lending and treasury management products and services geared toward small to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans.
Company Growth (employees)
Birmingham, US
Size (employees)
160 (est)
Mackinac Financial Corporation was founded in 1937 and is headquartered in Birmingham, US

Mackinac Financial Corporation Office Locations

Mackinac Financial Corporation has an office in Birmingham
Birmingham, US (HQ)
300 260 E Brown St

Mackinac Financial Corporation Financials and Metrics

Mackinac Financial Corporation Financials

Mackinac Financial Corporation's revenue was reported to be $11.4 m in Q1, 2017

Revenue (Q1, 2017)

11.4 m

Gross profit (Q1, 2017)

9.9 m

Gross profit margin (Q1, 2017), %


Net income (Q1, 2017)

1.7 m

EBIT (Q1, 2017)

9 m

Market capitalization (17-Oct-2017)

99.8 m

Cash (31-Mar-2017)

41.2 m
Mackinac Financial Corporation's current market capitalization is $99.8 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


25.5 m27.7 m33.5 m42.1 m

Revenue growth, %


Cost of goods sold

4.1 m4.1 m4.4 m4.9 m

Gross profit

21.4 m23.5 m29.1 m37.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


7.3 m7.7 m9.3 m9.4 m9.2 m8.9 m10 m11.5 m11.4 m

Cost of goods sold

1 m1 m1.1 m1.1 m1.2 m1 m1.1 m1.3 m1.4 m

Gross profit

6.3 m6.7 m8.1 m8.4 m8 m7.9 m8.9 m10.2 m9.9 m

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


18.2 m21.9 m25 m46.8 m


10.2 m12.7 m12.5 m15.9 m


3.8 m3.8 m5.7 m

Total Assets

572.8 m743.8 m739.3 m983.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


20.7 m22.4 m24.2 m16.7 m38.6 m18 m40.2 m48.6 m41.2 m


9.8 m9.8 m12.6 m12.6 m12.7 m12.5 m14.7 m16 m16 m


3.8 m3.8 m3.8 m3.8 m5.2 m5.7 m5.7 m

Total Assets

595.9 m613.9 m728.8 m735.3 m755 m732.9 m892.3 m959.1 m976.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

5.9 m1.7 m5.6 m4.5 m

Depreciation and Amortization

1.7 m1.5 m1.7 m1.9 m

Cash From Operating Activities

9.3 m8.4 m13.1 m377 k

Capital Expenditures

(1.5 m)(1.4 m)(1.3 m)(2.1 m)
USDQ2, 2014Q3, 2014Q1, 2015Q1, 2017

Net Income

806 k2.4 m1.4 m1.7 m

Depreciation and Amortization

1.1 m414 k572 k

Cash From Operating Activities

5.4 m5.6 m2.5 m

Capital Expenditures

(1.2 m)(324 k)(536 k)
USDY, 2017


71.1 k

Financial Leverage

12.2 x
Show all financial metrics

Mackinac Financial Corporation Market Value History

Traffic Overview of Mackinac Financial Corporation

Mackinac Financial Corporation Company Life and Culture

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