MFNC
Income statement / Annual
Last year (2020), Mackinac Financial Corporation's total revenue was $63.04 M,
an increase of 8.10% from the previous year.
In 2020, Mackinac Financial Corporation's net income was $13.47 M.
See Mackinac Financial Corporation,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
FY-2013
|
FY-2012
|
FY-2011
|
| Period Ended |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
12/31/2013 |
12/31/2012 |
12/31/2011 |
| Operating Revenue |
$63.04 M |
$58.31 M |
$50.23 M |
$40.64 M |
$36.15 M |
$32.05 M |
$25.94 M |
$24.72 M |
$22.99 M |
$21.59 M |
| Cost of Revenue |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$63.04 M
|
$58.31 M
|
$50.23 M
|
$40.64 M
|
$36.15 M
|
$32.05 M
|
$25.94 M
|
$24.72 M
|
$22.99 M
|
$21.59 M
|
| Gross Profit Ratio |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$30.69 M
|
$26.42 M
|
$26.94 M
|
$18.91 M
|
$20.36 M
|
$14.79 M
|
$14.62 M
|
$11.11 M
|
$9.97 M
|
$9.10 M
|
| Selling & Marketing Expenses |
$912,000.00
|
$889,000.00
|
$905,000.00
|
$711,000.00
|
$620,000.00
|
$507,000.00
|
$449,000.00
|
$436,000.00
|
$376,000.00
|
$351,000.00
|
| Selling, General & Administrative Expenses |
$31.60 M
|
$27.30 M
|
$27.85 M
|
$19.62 M
|
$20.98 M
|
$15.30 M
|
$15.07 M
|
$11.55 M
|
$10.35 M
|
$9.45 M
|
| Other Expenses |
$13.37 M
|
$25.70 M
|
$21.15 M
|
$17.38 M
|
$14.02 M
|
$13.70 M
|
$12.93 M
|
$12.45 M
|
$11.65 M
|
$13.55 M
|
| Operating Expenses |
$44.97 M
|
$53.00 M
|
$49.00 M
|
$37.00 M
|
$35.00 M
|
$29.00 M
|
$28.00 M
|
$24.00 M
|
$22.00 M
|
$23.00 M
|
| Cost And Expenses |
$44.97 M
|
$53.00 M
|
$49.00 M
|
$37.00 M
|
$35.00 M
|
$29.00 M
|
$28.00 M
|
$24.00 M
|
$22.00 M
|
$23.00 M
|
| Interest Income |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$7.22 M
|
$10.48 M
|
$8.25 M
|
$6.44 M
|
$4.89 M
|
$4.39 M
|
$4.14 M
|
$4.12 M
|
$4.60 M
|
$5.14 M
|
| Depreciation & Amortization |
$2.90 M
|
$2.88 M
|
$2.61 M
|
$2.43 M
|
$1.92 M
|
$1.67 M
|
$1.50 M
|
$1.66 M
|
$1.55 M
|
$1.42 M
|
| EBITDA |
$27.18 M |
$31.07 M |
$21.45 M |
$19.88 M |
$13.57 M |
$13.99 M |
$8.47 M |
$11.32 M |
$12.32 M |
$9.88 M |
| EBITDA Ratio |
0.43
|
0.53
|
0.43
|
0.49
|
0.38
|
0.44
|
0.33
|
0.46
|
0.54
|
0.46
|
| Operating Income Ratio |
0.27
|
0.48
|
0.38
|
0.43
|
0.32
|
0.38
|
0.27
|
0.39
|
0.47
|
0.39
|
| Total Other Income/Expenses Net |
$0.00
|
-$10.48 M
|
-$8.25 M
|
-$6.44 M
|
-$4.89 M
|
-$4.39 M
|
-$4.14 M
|
-$4.12 M
|
-$4.60 M
|
-$5.14 M
|
| Income Before Tax |
$17.06 M
|
$17.71 M
|
$10.59 M
|
$11.02 M
|
$6.77 M
|
$7.93 M
|
$2.83 M
|
$5.53 M
|
$6.17 M
|
$3.32 M
|
| Income Before Tax Ratio |
0.27
|
0.3
|
0.21
|
0.27
|
0.19
|
0.25
|
0.11
|
0.22
|
0.27
|
0.15
|
| Income Tax Expense |
$3.58 M
|
$3.86 M
|
$2.23 M
|
$5.54 M
|
$2.28 M
|
$2.33 M
|
$1.13 M
|
-$403,000.00
|
-$922,000.00
|
$1.10 M
|
| Net Income |
$13.47 M
|
$13.85 M
|
$8.37 M
|
$5.48 M
|
$4.48 M
|
$5.60 M
|
$1.70 M
|
$5.94 M
|
$7.09 M
|
$2.22 M
|
| Net Income Ratio |
0.21
|
0.24
|
0.17
|
0.13
|
0.12
|
0.17
|
0.07
|
0.24
|
0.31
|
0.1
|
| EPS |
1.28 |
1.29 |
0.94 |
0.87 |
0.72 |
0.9 |
0.3 |
1.07 |
1.65 |
0.65 |
| EPS Diluted |
1.28 |
1.29 |
0.94 |
0.87 |
0.71 |
0.89 |
0.3 |
1.05 |
1.61 |
0.63 |
| Weighted Average Shares Out |
$10.53 M
|
$10.76 M
|
$8.92 M
|
$6.29 M
|
$6.24 M
|
$6.25 M
|
$5.59 M
|
$5.56 M
|
$4.29 M
|
$3.42 M
|
| Weighted Average Shares Out Diluted |
$10.53 M
|
$10.76 M
|
$8.92 M
|
$6.32 M
|
$6.29 M
|
$6.28 M
|
$5.65 M
|
$5.65 M
|
$4.41 M
|
$3.50 M
|
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