Latest Mackinac Financial Corp (MFNC) Headlines
Nasdaq stocks posting largest volume increases
AP - Tue Mar 11, 5:02PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Mackinac Financial Corporation Announces Solid 2013 Results of Operations
Marketwire - Thu Jan 30, 12:15PM CST
Mackinac Financial Corporation (NASDAQ: MFNC), the holding Corporation for mBank, today announced net income of $5.629 million or $1.01 per share, for the year ended December 31, 2013, compared to net income of $6.458 million, or $1.51 per share, for 2012. The 2013 and 2012 consolidated and bank results include a deferred tax valuation adjustment of $2.250 million, or $.40 per share and $3.000 million, $.70 per share, respectively. The Corporation's primary asset, mBank, recorded net income of $7.189 million for the fiscal year 2013 compared to $7.884 million for 2012. Excluding the aforementioned deferred tax asset, the Bank subsidiary's core operations improved year over year from 2012 earnings of $4.884 million to $4.939 million in 2013.
Mackinac Financial Corporation Completes the Redemption of Remaining TARP Stock
Marketwire - Thu Jan 02, 10:00AM CST
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced that on December 31, 2013, it completed the redemption of its remaining 4,000 shares of outstanding Series A fixed rate cumulative preferred stock.
Mackinac Financial Corporation Declares Increased Cash Dividend on Common Stock and Continuance of Stock Buyback Program
Marketwire - Tue Dec 17, 2:50PM CST
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced that on December 17, 2013, its Board of Directors declared a cash dividend of $.05 per common share, payable January 8, 2014 to shareholders of record December 30, 2013. The dividend is an increase of $.01 per share from the prior quarter's dividend.
Mackinac Financial Corporation Reports Results for the 2013 Third Quarter and Nine Month Periods
Marketwire - Wed Oct 30, 3:00PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced third quarter 2013 income of $.846 million or $.15 per share compared to net income available to common shareholders of $.897 million, or $.21 per share for the third quarter of 2012. Operating results for the first nine months of 2013 totaled $2.719 million or $.49 per share compared to $2.536 million or $.60 per share, excluding the $3.0 million deferred tax valuation adjustment, for the same period in 2012.
Mackinac Financial Corporation Launches Asset-Based Lending Subsidiary
Marketwire - Fri Sep 20, 3:00PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC) announced today the formation of Mackinac Commercial Credit LLC (MCC), a wholly owned subsidiary of the holding company. MCC will provide working capital to small- to medium-sized companies through a variety of alternative financing methods, including asset-based lending and factoring.
Mackinac Financial Corporation Declares $.04 Cash Dividend on Common Stock
Marketwire - Wed Aug 28, 11:59AM CDT
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced that on August 27, 2013, its Board of Directors declared a cash dividend of $.04 per common share, payable October 14, 2013 to shareholders of record October 2, 2013. The dividend is unchanged from the prior quarter's dividend.
Nasdaq stocks posting largest volume increases
AP - Tue Mar 11, 5:02PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Mackinac Financial Corporation Announces Solid 2013 Results of Operations
Marketwire - Thu Jan 30, 12:15PM CST
Mackinac Financial Corporation (NASDAQ: MFNC), the holding Corporation for mBank, today announced net income of $5.629 million or $1.01 per share, for the year ended December 31, 2013, compared to net income of $6.458 million, or $1.51 per share, for 2012. The 2013 and 2012 consolidated and bank results include a deferred tax valuation adjustment of $2.250 million, or $.40 per share and $3.000 million, $.70 per share, respectively. The Corporation's primary asset, mBank, recorded net income of $7.189 million for the fiscal year 2013 compared to $7.884 million for 2012. Excluding the aforementioned deferred tax asset, the Bank subsidiary's core operations improved year over year from 2012 earnings of $4.884 million to $4.939 million in 2013.
Mackinac Financial Corporation Completes the Redemption of Remaining TARP Stock
Marketwire - Thu Jan 02, 10:00AM CST
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced that on December 31, 2013, it completed the redemption of its remaining 4,000 shares of outstanding Series A fixed rate cumulative preferred stock.
Mackinac Financial Corporation Declares Increased Cash Dividend on Common Stock and Continuance of Stock Buyback Program
Marketwire - Tue Dec 17, 2:50PM CST
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced that on December 17, 2013, its Board of Directors declared a cash dividend of $.05 per common share, payable January 8, 2014 to shareholders of record December 30, 2013. The dividend is an increase of $.01 per share from the prior quarter's dividend.
Mackinac Financial Corporation Reports Results for the 2013 Third Quarter and Nine Month Periods
Marketwire - Wed Oct 30, 3:00PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced third quarter 2013 income of $.846 million or $.15 per share compared to net income available to common shareholders of $.897 million, or $.21 per share for the third quarter of 2012. Operating results for the first nine months of 2013 totaled $2.719 million or $.49 per share compared to $2.536 million or $.60 per share, excluding the $3.0 million deferred tax valuation adjustment, for the same period in 2012.
Mackinac Financial Corporation Launches Asset-Based Lending Subsidiary
Marketwire - Fri Sep 20, 3:00PM CDT
Mackinac Financial Corporation (NASDAQ: MFNC) announced today the formation of Mackinac Commercial Credit LLC (MCC), a wholly owned subsidiary of the holding company. MCC will provide working capital to small- to medium-sized companies through a variety of alternative financing methods, including asset-based lending and factoring.
Mackinac Financial Corporation Declares $.04 Cash Dividend on Common Stock
Marketwire - Wed Aug 28, 11:59AM CDT
Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), today announced that on August 27, 2013, its Board of Directors declared a cash dividend of $.04 per common share, payable October 14, 2013 to shareholders of record October 2, 2013. The dividend is unchanged from the prior quarter's dividend.
