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 Data and Metrics

Mackinac Financial Corporation Financial Metrics

Mackinac Financial Corporation's revenue was reported to be $33.5 m in FY, 2015 which is a 21% increase from the previous period.
$, USD

Revenue (FY, 2015)

33.5 m

Revenue growth (FY, 2014 - FY, 2015), %

21%

Gross profit (FY, 2015)

29.1 m

Gross profit margin (FY, 2015), %

87%

Net income (FY, 2015)

5.6 m

EBIT (FY, 2015)

27.9 m

Market capitalization (23-Jun-2017)

85.6 m

Closing share price (23-Jun-2017)

13.7

Cash (31-Dec-2015)

25 m
Mackinac Financial Corporation's current market capitalization is $85.6 m.
$, USDFY, 2013FY, 2014FY, 2015

Revenue

25.5 m27.7 m33.5 m

Revenue growth, %

8%21%

Cost of goods sold

4.1 m4.1 m4.4 m

Gross profit

21.4 m23.5 m29.1 m

Gross profit Margin, %

84%85%87%

EBIT

19.7 m22.3 m27.9 m

EBIT margin, %

77%81%83%

Pre tax profit

5.5 m2.8 m7.9 m

Net Income

5.9 m1.7 m5.6 m
$, USDFY, 2013FY, 2014FY, 2015

Cash

18.2 m21.9 m25 m

PP&E

10.2 m12.7 m12.5 m

Goodwill

3.8 m3.8 m

Total Assets

572.8 m743.8 m739.3 m

Retained Earnings

11.4 m11.8 m15.2 m

Total Equity

65.2 m74 m76.6 m

Financial Leverage

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

Net Income

5.9 m1.7 m5.6 m

Depreciation and Amortization

1.7 m1.5 m1.7 m

Cash From Operating Activities

9.3 m8.4 m13.1 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 m50.3 m(4 m)

Interest Paid

4.2 m4.1 m4.4 m

Income Taxes Paid

149 k100 k150 k

Free Cash Flow

10.8 m9.9 m14.4 m
Y, 2015

Financial Leverage

9.7 x

Mackinac Financial Corporation Market Value History

Mackinac Financial Corporation Company Life and Culture

You may also be interested in