Mackinac Financial Corporation Reports 2021 Second Quarter Financial Results MANISTIQUE, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2021 second quarter net income of $2.94 million, or $.28 per share, compared to 2020 second quarter net income of $3.45 million, or $.33 per share. The 2021 second quarter results included expenses related to the pending merger with Nicolet Bankshares, Inc. (Green Bay, WI) (“Nicolet”), which had an estimated after-tax impact...
Mackinac Financial Corporation Declares Cash Dividend On Common Stock MANISTIQUE, Mich., June 18, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on June 18, 2021. The Board of Directors declared a cash dividend of $.14 per common share for the second quarter of 2021, payable July 16, 2021 to shareholders of record at July 2, 2021. The dividend is unchanged from the prior quarter’s dividend. Mackinac Financial Corporation is a registered bank holdi...
Mackinac Financial Corporation Reports 2021 First Quarter Financial Results MANISTIQUE, Mich., April 29, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2021 first quarter net income of $3.88 million, or $.37 per share, compared to 2020 first quarter net income of $3.05 million, or $.28 per share. Weighted average shares outstanding for the first quarter of 2021 were 10,522,899 compared to 10,717,967 for the same period of 2020. Total assets of the Corporation at March ...
Mackinac Financial Corporation Declares Cash Dividend on Common Stock MANISTIQUE, Mich., March 30, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on March 30, 2021. The Board of Directors declared a cash dividend of $.14 per common share for the first quarter of 2021, payable April 23, 2021 to shareholders of record at April 13, 2021. The dividend is unchanged from the prior quarter’s dividend. Mackinac Financial Corporation is a registered bank ...
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Mackinac Financial Corporation Reports 2020 Fourth Quarter and Annual Results MANISTIQUE, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2020 net income of $13.47 million, or $1.27 per share, compared to 2019 net income of $13.85 million, or $1.29 per share. The Corporation had fourth quarter 2020 net income of $3.64 million, or $.35 per share, compared to 2019 fourth quarter net income of $3.30 million, or $.31 per share. Total assets of the Corporation at Dece...
Mackinac Financial Corporation Declares Cash Dividend on Common Stock MANISTIQUE, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on December 15, 2020. The Board of Directors declared a cash dividend of $.14 per common share for the fourth quarter of 2020, payable January 11, 2021 to shareholders of record at December 28, 2020. The dividend is unchanged from the prior quarter’s dividend. Mackinac Financial Corporation is a register...
Mackinac Financial Corporation Reports 2020 Third Quarter Results and COVID-19 Operating Update MANISTIQUE, Mich., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2020 third quarter net income of $3.32 million, or $.32 per share, compared to 2019 third quarter net income of $3.72 million, or $.35 per share. Net income for the first three quarters of 2020 was $9.83 million, or $.93 per share, compared to $10.56 million, or $.98 per share for the same period of 2019. ...
Mackinac Financial Corporation Reports 2020 Second Quarter Results and COVID-19 Progress MANISTIQUE, Mich., July 30, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”) today announced 2020 second quarter net income of $3.45 million, or $.33 per share, compared to 2019 second quarter net income of $3.67 million, or $.34 per share. Net income for the first two quarters of 2020 was $6.50 million, or $.61 per share, compared to $6.84 million, or $.64 per share for the same period of 2019. Total ...
Mackinac Financial Corporation Declares Cash Dividend on Common Stock MANISTIQUE, Mich., June 22, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on June 22, 2020. The Board of Directors declared a cash dividend of $.14 per common share for the second quarter of 2020, payable July 20, 2020 to shareholders of record at July 6, 2020. The dividend is unchanged from the prior quarter’s dividend. Mackinac Financial Corporation is a registered bank ho...
Mackinac Financial Corporation Reports 2020 First Quarter Results and Provides COVID-19 Update MANISTIQUE, Mich., April 30, 2020 (GLOBE NEWSWIRE) -- Reflecting on this quarter and moving forward into 2020, we first acknowledge how the COVID-19 pandemic has impacted the daily operations and the lives of all our employees and clients in a swift and uncertain manner. Mackinac Financial Corporation (Nasdaq: MFNC) (“we”, or the “Corporation”) the bank holding company for mBank (“the Bank”), continues to actively work to assist its staff members, clients, communities and shareholders during thi...
MACKINAC FINANCIAL CORPORATION DECLARES CASH DIVIDEND ON COMMON STOCK MANISTIQUE, Mich., March 31, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on March 31, 2020. The Board of Directors declared a cash dividend of $.14 per common share for the first quarter of 2020, payable April 24, 2020 to shareholders of record at April 15, 2020. The dividend is unchanged from the prior quarter’s dividend. Mackinac Financial Corporation is a registered bank h...
Mackinac Financial Corporation Reports 2019 Fourth Quarter and Annual Results MANISTIQUE, Mich., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2019 net income of $13.85 million, or $1.29 per share, compared to 2018 net income of $8.37 million, or $.94 per share. The 2019 results include the effects of a $140 thousand one-time non-cash amortization related to an acquired tax credit impacting tax expense (and tax rate). The 2018 results included expenses related to the acquisitions...
Mackinac Financial Corporation Declares Cash Dividend on Common Stock MANISTIQUE, Mich., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on December 17, 2019. The Board of Directors declared a cash dividend of $.14 per common share for the fourth quarter of 2019, payable January 10, 2020 to shareholders of record at December 27, 2019. The dividend is unchanged from the prior quarter’s dividend. Mackinac Financial Corporation is a registered...
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