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Stock impact report

Mackinac Financial Corporation Reports 2019 Third Quarter Results

Mackinac Financial Corporation (MFNC) 
Last mackinac financial corporation earnings: 1/29 09:00 am Check Earnings Report
Company Research Source: GlobeNewswire
MANISTIQUE, Mich., Oct. 31, 2019 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2019 third quarter net income of $3.72 million, or $.35 per share, compared to 2018 third quarter net income of $3.07 million, or $.29 per share.  The 2018 third quarter results included expenses related to the acquisitions of First Federal of Northern Michigan (“FFNM”) and Lincoln Community Bank (“Lincoln”), which had an after-tax impact of $276 thousand on earnings.  Adjusted net income (net of transaction related expenses) for the third quarter of 2018 was $3.35 million or $.31 per share.  Third quarter 2019 net income, compared to 2018 third quarter adjusted net income, increased by $373 thousand, or 11%. Overall Quarterly Loan Production Show less Read more
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