Mackinac Financial Annual Income Statement (NASDAQ:MFNC)

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$13.43 $0.22 (1.67%) MFNC stock closing price Dec 07, 2016 (Closing)

Financial analysis of Mackinac Financial involves more than just checking the Mackinac Financial stock price, by looking at the financial statements of the company in detail. The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. The income statement is generated for a specific period of time. The revenue increase of $37.4M for 2015 impacts the MFNC stock. Investors typically check year over year or quarter over quarter revenue growth. One also needs to look at Mackinac Financial assets, operating expenses and Mackinac Financial free cash flow. The profit and loss statement shows revenue of $37.4M for 2015. Revenue has grown by $6.62M YoY for MFNC stock. Mackinac Financial revenue for 2015 is $37.4M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Mackinac Financial Net Sales or Revenues
37.4M30.78M29.46M28.47M26.72M25.63M28.45M29.21M30.7M25.03M
Cost Of Goods Sold (COGS)3.25M3.21M3.46M3.94M4.53M5.6M6.43M10.11M13.22M10.57M
Mackinac Financial Gross Profit
34.15M27.56M25.99M24.52M22.19M20.02M22.02M19.1M17.47M14.46M
Research & Development Expense----------
Selling General & Admin Expense25.08M23.81M19.8M17.7M18.26M23.09M17.5M14.85M12.5M11.36M
Income Before Depreciation Depletion Amortization9.07M3.75M6.19M6.82M3.92M-3.07M4.52M4.24M4.97M3.1M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense1.14M0.92M0.65M0.65M0.61M0.84M0.99M1.58M2.05M1.88M
Mackinac Financial Pretax Income
7.92M2.82M5.53M6.16M3.31M-3.91M3.53M2.65M2.92M1.21M
Provision for Income Taxes2.33M1.12M-0.4M-0.92M1.09M-3.5M1.12M0.78M-7.24M-0.5M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.59M1.7M5.93M7.08M2.21M-0.41M2.41M1.87M10.16M1.71M
Extraordinary Items & Discontinued Operations----------
Mackinac Financial Net Income (Profit/Loss)
5.59M1.7M5.93M7.08M2.21M-0.41M2.41M1.87M10.16M1.71M
Average Shares used to compute Diluted EPS6.28M5.65M5.65M4.41M3.46M3.42M3.42M3.42M3.43M3.43M
Average Shares used to compute Basic EPS6.25M5.59M5.56M4.29M3.46M3.42M3.42M3.42M3.43M3.43M
Income Before Nonrecurring Items5.6M3.51M5.94M7.09M2.22M-0.42M1.6M-0.17M10.16M1.72M
Income from Nonrecurring Items--1.81M----0.82M2.04M--
Mackinac Financial Earnings Per Share Basic Net
0.900.301.011.510.42-0.340.560.552.960.50
Mackinac Financial Earnings Per Share Diluted Net
0.890.301.001.460.41-0.340.560.552.960.50
EPS Diluted Before Nonrecurring Items0.890.621.001.460.41-0.340.32-0.052.960.50
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.350.230.170.04------
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Mackinac Financial stock analysis. It helps to look at the following income statement items:
  • Topline: A growing topline, as seen from the Mackinac Financial revenue chart, as is the case with Mackinac Financial indicates a growing business. One needs to compare the QoQ or YoY topline growth of MFNC stock with its peers like HLAN stock and FCLF stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $37.4M - other expenses = $5.59M for MFNC stock. An improving bottomline implies that the company is growing profits.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Mackinac Financial historical stock prices to check how the price has moved with time. .

Mackinac Financial Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
19.4640
PS ratio (
price sales ratio
)
2.1347
Operating margin
27.2
Net profit margin
15.5
Dividend yield
2.98%