Mackinac Financial Income Statement - Quarterly (NASDAQ:MFNC)

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$11.78 $0.17 (1.46%) MFNC stock closing price Oct 25, 2016 (Closing)

Looking at financial statements, along with the Mackinac Financial stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the MFNC stock is bound to reflect the impact of the QoQ growth of $1.05M. 2016-Q2 revenue is $9.99M and has increased from $8.94M quarter on quarter as is evident when you compare the latest figures in the latest Mackinac Financial profit and loss statement with those of the prior corresponding period. (See also:Mackinac Financial assets and Mackinac Financial free cash flow) View details of revenue and profits for Mackinac Financial for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
Mackinac Financial Net Sales or Revenues
Cost Of Goods Sold (COGS)0.77M0.76M0.79M0.84M0.8M0.82M0.78M0.81M0.8M0.82M
Mackinac Financial Gross Profit
Research & Development Expense----------
Selling General & Admin Expense9.04M6.19M6.66M6.46M5.9M6.06M8.13M5.31M5.08M5.29M
Income Before Depreciation Depletion Amortization0.17M1.97M2.11M1.85M2.74M2.37M-0.42M1.57M1.42M1.18M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense0.32M0.25M0.26M0.3M0.29M0.29M0.31M0.23M0.2M0.18M
Mackinac Financial Pretax Income
Provision for Income Taxes-0.02M0.58M0.27M0.52M0.83M0.71M-0.07M0.45M0.41M0.33M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations-0.13M1.13M1.59M1.02M1.61M1.37M-0.65M0.89M0.81M0.66M
Extraordinary Items & Discontinued Operations----------
Mackinac Financial Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS6.26M6.21M6.13M6.28M6.29M6.26M5.77M5.54M5.56M5.55M
Average Shares used to compute Basic EPS6.23M6.21M6.13M6.24M6.25M6.26M5.77M5.54M5.53M5.53M
Income Before Nonrecurring Items1.59M1.13M1.59M1.02M1.61M1.37M-0.65M0.89M0.81M0.66M
Income from Nonrecurring Items-1.71M---------
Mackinac Financial Earnings Per Share Basic Net
Mackinac Financial Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.
Preferred Dividends Acc Pd----------
Dividends Common0.62---------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.

The key things to look for in an income statement while doing Mackinac Financial stock analysis are:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that MFNC stock has a topline or revenue of $9.99M for 2016-Q2 as per this Mackinac Financial revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MFNC stock had a healthy bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with Mackinac Financial historical stock prices provides a lot of details about the firm. .

Mackinac Financial Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield