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Mackinac Financial Corp (MFNC.OQ)

MFNC.OQ on NASDAQ Stock Exchange Capital Market

16.25USD
23 Feb 2018
Change (% chg)

$0.07 (+0.43%)
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Open
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Volume
43
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1,339
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$16.80
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Latest Key Developments (Source: Significant Developments)

First Federal Of Northern Michigan Bancorp To Merge With Mackinac Financial
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Mackinac Financial Corp ::PRESS RELEASE - FIRST FEDERAL OF NORTHERN MICHIGAN BANCORP, INC. TO MERGE WITH MACKINAC FINANCIAL CORPORATION.MACKINAC FINANCIAL CORP - FFNM SHAREHOLDERS WILL RECEIVE .576 SHARES OF MACKINAC COMMON STOCK FOR EACH SHARE OF FFNM COMMON STOCK.MACKINAC FINANCIAL CORP - TOTAL CONSIDERATION TO FFNM SHAREHOLDERS IN CONNECTION WITH TRANSACTION WOULD EQUATE TO $41.8 MILLION, OR $11.22 PER SHARE.MACKINAC FINANCIAL - UNDER TERMS OF AGREEMENT, SHAREHOLDERS OF FFNM WILL ALSO RECEIVE A SPECIAL CASH DIVIDEND IMMEDIATELY PRIOR TO CLOSE OF $8.0 MILLION.MACKINAC FINANCIAL CORP - ONE MUTUALLY AGREEABLE DIRECTOR FROM FFNM WILL JOIN MACKINAC AND MBANK BOARDS.MACKINAC FINANCIAL - SEES TRANSACTION TO BE ACCRETIVE TO EPS, EXCLUSIVE OF TRANSACTION RELATED COSTS, FOR 2018 OF 8.0%.  Full Article

Mackinac Financial Corp Q3 earnings per share $0.33
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Mackinac Financial Corp : :Mackinac Financial Corporation announces third quarter 2017 results.Q3 earnings per share $0.33.Q3 adjusted earnings per share $0.32.Mackinac Financial Corp - ‍total assets of corporation at September 30, 2017 totaled $1.015 billion, compared to $959.121 million at September 30, 2016​.Mackinac Financial Corp qtrly ‍net interest income after provision for loan losses $9.6 million versus $8.5 million ​.  Full Article

Mackinac Financial Q2 loss per share $0.02
Thursday, 4 Aug 2016 

Mackinac Financial Corp : Mackinac Financial Corporation announces six month and second quarter 2016 results . Q2 loss per share $0.02 . Qtrly net interest income $8 million versus $7 million .Mackinac Financial Corp qtrly adjusted net income for q2 of 2016 would equate to $1.588 million, or $.25 per share.  Full Article

Mackinac Financial announces CFO succession
Wednesday, 1 Jun 2016 

Mackinac Financial Corp : Executive Vice President and Chief Financial Officer, Ernie R. Krueger, will be retiring effective July 31, 2016 .Appointed Jesse Deering, to executive vice president and CFO of both Mackinac and mBank, effective August 1, 2016.  Full Article

Mackinac Financial Corporation to acquire Niagara Bancorporation
Tuesday, 24 May 2016 

Mackinac Financial Corp : Mackinac Financial Corporation to acquire Niagara Bancorporation (Wisconsin) . Mackinac to acquire Niagara in an all cash transaction for a fixed $7.325 million purchase price .Mackinac Financial Corporation says merger agreement also provides that First National Bank of Niagara will be consolidated into Mbank.  Full Article

Mackinac Financial Q1 earnings per share $0.18
Monday, 9 May 2016 

Mackinac Financial Corp : Mackinac Financial Corporation reports first quarter 2016 results . Q1 earnings per share $0.18 .Net interest income in Q1 of 2016 remained mostly flat at $7.288 million, or 4.33%, compared to $7.520 million, or 4.53%, in Qq1 of 2015.  Full Article

BRIEF-Mackinac Financial Corp Reports Q4 Adjusted Core Earnings Per Share $0.33

* QTRLY NET INTEREST INCOME $9.7 MILLION VERSUS $9.1 MILLION Source text for Eikon: Further company coverage:

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