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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.66
MFNC's Cash to Debt is ranked lower than
67% of the 1162 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.79 vs. MFNC: 0.66 )
Ranked among companies with meaningful Cash to Debt only.
MFNC' s Cash to Debt Range Over the Past 10 Years
Min: 0.14  Med: 0.47 Max: 0.97
Current: 0.66
0.14
0.97
Equity to Asset 0.10
MFNC's Equity to Asset is ranked higher than
50% of the 1660 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. MFNC: 0.10 )
Ranked among companies with meaningful Equity to Asset only.
MFNC' s Equity to Asset Range Over the Past 10 Years
Min: 0.03  Med: 0.09 Max: 0.13
Current: 0.1
0.03
0.13
Interest Coverage 1.80
MFNC's Interest Coverage is ranked higher than
52% of the 1543 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.64 vs. MFNC: 1.80 )
Ranked among companies with meaningful Interest Coverage only.
MFNC' s Interest Coverage Range Over the Past 10 Years
Min: 0.1  Med: 0.64 Max: 1.8
Current: 1.8
0.1
1.8
F-Score: 5
M-Score: -2.30
WACC vs ROIC
5.55%
5.85%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 24.02
MFNC's Operating margin (%) is ranked lower than
68% of the 1677 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.23 vs. MFNC: 24.02 )
Ranked among companies with meaningful Operating margin (%) only.
MFNC' s Operating margin (%) Range Over the Past 10 Years
Min: -20.43  Med: 16.09 Max: 25.83
Current: 24.02
-20.43
25.83
Net-margin (%) 16.95
MFNC's Net-margin (%) is ranked lower than
70% of the 1680 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.64 vs. MFNC: 16.95 )
Ranked among companies with meaningful Net-margin (%) only.
MFNC' s Net-margin (%) Range Over the Past 10 Years
Min: -2.18  Med: 12.57 Max: 67.97
Current: 16.95
-2.18
67.97
ROE (%) 7.41
MFNC's ROE (%) is ranked lower than
58% of the 1675 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.42 vs. MFNC: 7.41 )
Ranked among companies with meaningful ROE (%) only.
MFNC' s ROE (%) Range Over the Past 10 Years
Min: -2.12  Med: 5.42 Max: 29.84
Current: 7.41
-2.12
29.84
ROA (%) 0.76
MFNC's ROA (%) is ranked lower than
59% of the 1684 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.89 vs. MFNC: 0.76 )
Ranked among companies with meaningful ROA (%) only.
MFNC' s ROA (%) Range Over the Past 10 Years
Min: -0.08  Med: 0.50 Max: 2.57
Current: 0.76
-0.08
2.57
Revenue Growth (3Y)(%) -1.90
MFNC's Revenue Growth (3Y)(%) is ranked lower than
73% of the 1369 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.90 vs. MFNC: -1.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MFNC' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -63.6  Med: -1.90 Max: 120.1
Current: -1.9
-63.6
120.1
EBITDA Growth (3Y)(%) -5.30
MFNC's EBITDA Growth (3Y)(%) is ranked lower than
80% of the 1263 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. MFNC: -5.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MFNC' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -79.4  Med: 4.15 Max: 66.7
Current: -5.3
-79.4
66.7
EPS Growth (3Y)(%) -16.00
MFNC's EPS Growth (3Y)(%) is ranked lower than
88% of the 1248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. MFNC: -16.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MFNC' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -69.6  Med: 3.70 Max: 39.3
Current: -16
-69.6
39.3
» MFNC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

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Ratios

vs
industry
vs
history
P/E(ttm) 11.71
MFNC's P/E(ttm) is ranked higher than
55% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.56 vs. MFNC: 11.71 )
Ranked among companies with meaningful P/E(ttm) only.
MFNC' s P/E(ttm) Range Over the Past 10 Years
Min: 1.86  Med: 11.99 Max: 112.5
Current: 11.71
1.86
112.5
PE(NRI) 11.84
MFNC's PE(NRI) is ranked higher than
54% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.56 vs. MFNC: 11.84 )
Ranked among companies with meaningful PE(NRI) only.
MFNC' s PE(NRI) Range Over the Past 10 Years
Min: 1.86  Med: 11.99 Max: 112.5
Current: 11.84
1.86
112.5
Price/Owner Earnings (ttm) 6.16
MFNC's Price/Owner Earnings (ttm) is ranked higher than
76% of the 880 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.31 vs. MFNC: 6.16 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
MFNC' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 1.07  Med: 6.74 Max: 187.5
Current: 6.16
1.07
187.5
P/B 0.86
MFNC's P/B is ranked higher than
64% of the 1642 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. MFNC: 0.86 )
Ranked among companies with meaningful P/B only.
MFNC' s P/B Range Over the Past 10 Years
Min: 0.25  Med: 0.79 Max: 1.86
Current: 0.86
0.25
1.86
P/S 2.00
MFNC's P/S is ranked higher than
70% of the 1637 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.93 vs. MFNC: 2.00 )
Ranked among companies with meaningful P/S only.
MFNC' s P/S Range Over the Past 10 Years
Min: 0.45  Med: 1.66 Max: 3.38
Current: 2
0.45
3.38
PFCF 5.63
MFNC's PFCF is ranked higher than
70% of the 858 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.68 vs. MFNC: 5.63 )
Ranked among companies with meaningful PFCF only.
MFNC' s PFCF Range Over the Past 10 Years
Min: 0.74  Med: 5.52 Max: 31.94
Current: 5.63
0.74
31.94
POCF 5.05
MFNC's POCF is ranked higher than
69% of the 975 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.20 vs. MFNC: 5.05 )
Ranked among companies with meaningful POCF only.
MFNC' s POCF Range Over the Past 10 Years
Min: 0.71  Med: 4.80 Max: 163.43
Current: 5.05
0.71
163.43
EV-to-EBIT 10.27
MFNC's EV-to-EBIT is ranked higher than
64% of the 1503 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.40 vs. MFNC: 10.27 )
Ranked among companies with meaningful EV-to-EBIT only.
MFNC' s EV-to-EBIT Range Over the Past 10 Years
Min: -471.3  Med: 12.70 Max: 61.5
Current: 10.27
-471.3
61.5
EV-to-EBITDA 8.48
MFNC's EV-to-EBITDA is ranked higher than
69% of the 1507 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.24 vs. MFNC: 8.48 )
Ranked among companies with meaningful EV-to-EBITDA only.
MFNC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -90.3  Med: 10.15 Max: 1244.5
Current: 8.48
-90.3
1244.5
Shiller P/E 11.86
MFNC's Shiller P/E is ranked higher than
80% of the 504 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.22 vs. MFNC: 11.86 )
Ranked among companies with meaningful Shiller P/E only.
MFNC' s Shiller P/E Range Over the Past 10 Years
Min: 11.13  Med: 13.73 Max: 694
Current: 11.86
11.13
694

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.56
MFNC's Dividend Yield is ranked higher than
62% of the 2098 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.90 vs. MFNC: 3.56 )
Ranked among companies with meaningful Dividend Yield only.
MFNC' s Dividend Yield Range Over the Past 10 Years
Min: 0.47  Med: 1.78 Max: 3.53
Current: 3.56
0.47
3.53
Dividend Payout 0.39
MFNC's Dividend Payout is ranked lower than
59% of the 1273 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. MFNC: 0.39 )
Ranked among companies with meaningful Dividend Payout only.
MFNC' s Dividend Payout Range Over the Past 10 Years
Min: 0.03  Med: 0.35 Max: 0.75
Current: 0.39
0.03
0.75
Dividend Growth (3y) 106.10
MFNC's Dividend Growth (3y) is ranked higher than
98% of the 742 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.80 vs. MFNC: 106.10 )
Ranked among companies with meaningful Dividend Growth (3y) only.
MFNC' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 106.1
Current: 106.1
0
106.1
Forward Dividend Yield 3.80
MFNC's Forward Dividend Yield is ranked higher than
62% of the 1965 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.74 vs. MFNC: 3.80 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.55
MFNC's Yield on cost (5-Year) is ranked higher than
51% of the 2495 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. MFNC: 3.55 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MFNC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.47  Med: 1.77 Max: 3.64
Current: 3.55
0.47
3.64
3-Year Average Share Buyback Ratio -13.50
MFNC's 3-Year Average Share Buyback Ratio is ranked lower than
81% of the 1112 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.00 vs. MFNC: -13.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MFNC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -114  Med: -3.00 Max: 0.6
Current: -13.5
-114
0.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.91
MFNC's Price/Tangible Book is ranked higher than
64% of the 1634 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.11 vs. MFNC: 0.91 )
Ranked among companies with meaningful Price/Tangible Book only.
MFNC' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.35  Med: 0.91 Max: 1.83
Current: 0.91
0.35
1.83
Price/Projected FCF 0.42
MFNC's Price/Projected FCF is ranked higher than
78% of the 885 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.65 vs. MFNC: 0.42 )
Ranked among companies with meaningful Price/Projected FCF only.
MFNC' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.16  Med: 0.48 Max: 1.44
Current: 0.42
0.16
1.44
Price/Median PS Value 1.21
MFNC's Price/Median PS Value is ranked lower than
74% of the 1548 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. MFNC: 1.21 )
Ranked among companies with meaningful Price/Median PS Value only.
MFNC' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.28  Med: 0.78 Max: 1.94
Current: 1.21
0.28
1.94
Price/Graham Number 0.70
MFNC's Price/Graham Number is ranked higher than
62% of the 1461 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.82 vs. MFNC: 0.70 )
Ranked among companies with meaningful Price/Graham Number only.
MFNC' s Price/Graham Number Range Over the Past 10 Years
Min: 0.33  Med: 0.61 Max: 1.37
Current: 0.7
0.33
1.37
Earnings Yield (Greenblatt) (%) 9.70
MFNC's Earnings Yield (Greenblatt) (%) is ranked higher than
68% of the 1644 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.90 vs. MFNC: 9.70 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MFNC' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.6  Med: 6.90 Max: 13.2
Current: 9.7
1.6
13.2

More Statistics

Revenue(Mil) $33
EPS $ 0.90
Beta0.45
Short Percentage of Float0.35%
52-Week Range $9.90 - 12.25
Shares Outstanding(Mil)6.24

Business Description

Industry: Banks » Banks - Regional - US
Compare:OTCPK:FMBM, OTCPK:EMYB, NAS:CBAN, NAS:BKSC, OTCBB:HLAN, NAS:DNBF » details
Mackinac Financial Corp was incorporated under the laws of the state of Michigan on December 16, 1974. The Company, through its subsidiary, mBank "Bank", is engaged in the general commercial banking business, providing a full range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing. Funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank system. The Bank makes mortgage, commercial, and installment loans to customers throughout Michigan. The Bank also supports the service industry, with its hospitality and related businesses, as well as gaming, forestry, restaurants, farming, fishing, and many other activities important to growth in Michigan. The Bank also offers various consumer loan products including installment, mortgages and home equity loans. In addition to making consumer portfolio loans, the Bank engages in the business of making residential mortgage loans for sale to the secondary market. The Bank also provides title insurance services throughout the State of Michigan through its wholly owned subsidiary, mBank Title Insurance Agency, LLC. The Bank's source for lending, investments, and other general business purposes is deposits. The Bank offers a range of interest bearing and non-interest bearing accounts, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts with limited transactions, individual retirement accounts, regular interest-bearing statement savings accounts, certificates of deposit with a range of maturity date options, and accessibility to a customer's deposit relationship through online banking. The Bank is a member of the FHLB. The FHLB provides an additional source of liquidity and long-term funds. The Company competes for loans and deposits with other banks, savings and loan associations, credit unions, mortgage bankers, and investment firms in the scope and type of services offered, pricing of loans, interest rates paid on deposits, and number and location of branches, among other things. As a registered bank holding company, the Company is subject to regulation and examination by the Board of Governors of the Federal Reserve System under the Bank Holding Company Act, as amended. The Bank is subject to regulation and examination by the Michigan Department of Financial and Insurance Services and the Federal Deposit Insurance Corporation.
» More Articles for MFNC

Headlines

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