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.
Type
Public
HQ
Birmingham, US
Founded
1937
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 Metrics

Mackinac Financial Corporation Financial Metrics

Revenue (2015)

$33.5 m

Revenue growth (2014-15), %

21%

Gross profit

$29.1 m

Gross profit margin (2015), %

87%

Net income (2015)

$5.6 m

Market capitalization (21-Mar-2017)

$83.9 m

Closing share price (21-Mar-2017)

$13.4

Cash (31-Dec-2015)

$25 m
Mackinac Financial Corporation's current market capitalization is $83.9 m.
Mackinac Financial Corporation's revenue was reported to be $33.5 m in FY, 2015 which is a 21.1% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$25.5 m$27.7 m$33.5 m

Revenue growth, %

8%21%

Cost of goods sold

$4.1 m$4.1 m$4.4 m

Gross profit

$21.4 m$23.5 m$29.1 m

Gross profit Margin, %

84%85%87%

EBIT

$19.7 m$22.3 m$27.9 m

EBIT margin, %

77%81%83%

Pre tax profit

$5.5 m$2.8 m$7.9 m

Net Income

$5.9 m$1.7 m$5.6 m
FY, 2013FY, 2014FY, 2015

Cash

$18.2 m$21.9 m$25 m

Accounts Receivable

Inventories

PP&E

$10.2 m$12.7 m$12.5 m

Goodwill

$3.8 m$3.8 m

Total Assets

$572.8 m$743.8 m$739.3 m

Accounts Payable

Retained Earnings

$11.4 m$11.8 m$15.2 m

Total Equity

$65.2 m$74 m$76.6 m

Financial Leverage

8.8 x10.1 x9.7 x
FY, 2013FY, 2014FY, 2015

Net Income

$5.9 m$1.7 m$5.6 m

Depreciation and Amortization

$1.7 m$1.5 m$1.7 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$9.3 m$8.4 m$13.1 m

Capital Expenditures

($1.5 m)($1.4 m)($1.3 m)

Cash From Investing Activities

($39 m)($55 m)($6 m)

Cash From Financing Activities

$20.9 m$50.3 m($4 m)

Interest Paid

$4.2 m$4.1 m$4.4 m

Income Taxes Paid

$149 k$100 k$150 k

Free Cash Flow

$10.8 m$9.9 m$14.4 m

Mackinac Financial Corporation Market Value History

Mackinac Financial Corporation Company Life

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