Mackinac Financial Corporation Declares Cash Dividend on Common Stock

$MFNC
Major Banks
Finance
Get the next $MFNC alert in real time by email

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 registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as “MFNC.” The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, Michigan, mBank has 28 branch locations; eleven in the Upper Peninsula, ten in the Northern Lower Peninsula, one in Oakland County, Michigan, and seven in Northern Wisconsin. The Company’s banking services include commercial lending and treasury management products and services geared toward small to mid-sized businesses, as well as a full array of personal and business deposit products and consumer loans.

Forward-Looking Statements

This release contains certain forward-looking statements. Words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “should,” “will,” and variations of such words and similar expressions are intended to identify forward-looking statements: as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect management's current beliefs as to expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. Factors that could cause a difference include among others: changes in the national and local economies or market conditions; changes in interest rates and banking regulations; the impact of competition from traditional or new sources; and the possibility that anticipated cost savings and revenue enhancements from mergers and acquisitions, bank consolidations, and other sources may not be fully realized at all or within specified time frames as well as other risks and uncertainties including but not limited to those detailed from time to time in filings of the Company with the Securities and Exchange Commission. These and other factors may cause decisions and actual results to differ materially from current expectations. Mackinac Financial Corporation undertakes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this release.

Contact:Jesse A. Deering, (248) 290-5906 /jdeering@bankmbank.com
Website:www.bankmbank.com 


Get the next $MFNC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$MFNC

DatePrice TargetRatingAnalyst
More analyst ratings

$MFNC
Press Releases

Fastest customizable press release news feed in the world

See more
  • 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 of $391 thousand on earnings. Adjusted net income (net of transaction related expenses) for the second quarter of 2021 was $3.34 million, or $.32 per share. Weighted average shares

    $MFNC
    Major Banks
    Finance
  • Nicolet Bankshares, Inc. Announces Second Quarter 2021 Earnings

    GREEN BAY, Wis., July 20, 2021 /PRNewswire/ -- Nicolet Bankshares, Inc. (NASDAQ:NCBS) ("Nicolet") announced second quarter 2021 net income of $18.3 million and earnings per diluted common share of $1.77, compared to $18.2 million and $1.75 for first quarter 2021, and $13.5 million and $1.28 for second quarter 2020, respectively.  Annualized quarterly return on average assets was 1.62%, 1.64% and 1.26%, for second quarter 2021, first quarter 2021 and second quarter 2020, respectively. Net income for the six months ended June 30, 2021 was $36.5 million and earnings per diluted c

    $MFNC
    $NCBS
    $ICBK
    Major Banks
    Finance
  • 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 holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as "MFNC." The p

    $MFNC
    Major Banks
    Finance

$MFNC
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$MFNC
SEC Filings

See more

$MFNC
Financials

Live finance-specific insights

See more
  • 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 of $391 thousand on earnings. Adjusted net income (net of transaction related expenses) for the second quarter of 2021 was $3.34 million, or $.32 per share. Weighted average shares

    $MFNC
    Major Banks
    Finance
  • 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 holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.5 billion and whose common stock is traded on the NASDAQ stock market as "MFNC." The p

    $MFNC
    Major Banks
    Finance
  • 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 31, 2021 were $1.51 billion, compared to $1.36 billion at March 31, 2020. Shareholders' equity at March 31, 2021 totaled $170.18 million, compared to $160.06 million at March 31, 2

    $MFNC
    Major Banks
    Finance

$MFNC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more