Mackinac Financial Corporation (MFNC) Reports Q3 EPS of $0.16

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Go back to Mackinac Financial Corporation (MFNC) Reports Q3 EPS of $0.16

Mackinac Financial Corporation Reports Nine Month and Third Quarter 2015 Results

October 30, 2015 1:39 PM EDT

MANISTIQUE, MI -- (Marketwired) -- 10/30/15 -- Mackinac Financial Corporation (NASDAQ: MFNC) (the "Corporation"), the bank holding company for mBank, today announced third quarter 2015 net income of $1.018 million or $.16 per share compared to net income available to common shareholders of $.886 million, or $.16 per share for the third quarter of 2014. The 2015 third quarter results include one-time charges related to (i) the transfer of our asset based lending subsidiary assets to mBank, which charges included unamortized debt issue costs and a prepayment penalty, and (ii) regulatory audit costs incurred in connection with our approval as an SBA... More