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GuruFocus has detected 6 Warning Signs with Mackinac Financial Corp $MFNC.
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Mackinac Financial Corp (NAS:MFNC)
Pre-Tax Income
$6.77 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Mackinac Financial Corp's pretax income for the three months ended in Dec. 2016 was $2.50 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $6.77 Mil. Mackinac Financial Corp's pretax margin was 24.37%.

During the past 13 years, Mackinac Financial Corp's highest Pretax Margin was 25.83%. The lowest was -20.43%. And the median was 17.49%.


Definition

This is the income that a company earns before paying income taxes.

Mackinac Financial Corp's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Other
=6.766+0
=6.77

Mackinac Financial Corp's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Other
=2.5+0
=2.50

Mackinac Financial Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 1.717 (Mar. 2016 ) + -0.151 (Jun. 2016 ) + 2.7 (Sep. 2016 ) + 2.5 (Dec. 2016 ) = $6.77 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Mackinac Financial Corp's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=2.5/10.259
=24.37%

During the past 13 years, Mackinac Financial Corp's highest Pretax Margin was 25.83%. The lowest was -20.43%. And the median was 17.49%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mackinac Financial Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 2.922.663.54-3.923.326.175.532.837.936.77

Mackinac Financial Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 1.34-0.732.082.451.541.851.72-0.152.702.50
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