Mackinac Financial Corporation (MFNC)
Add to Watchlists Create an AlertMackinac Financial Corporation Retained Earnings:
7.181M for Dec. 31, 2012Mackinac Financial Corporation Historical Retained Earnings Data
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| Data for this Date Range | |
|---|---|
| March 31, 2013 | 7.181M |
| Dec. 31, 2012 | 6.727M |
| Sept. 30, 2012 | 6.028M |
| June 30, 2012 | 5.131M |
| March 31, 2012 | 0.99M |
| Dec. 31, 2011 | 0.492M |
| Sept. 30, 2011 | 0.607M |
| June 30, 2011 | -0.102M |
| March 31, 2011 | -0.705M |
| Dec. 31, 2010 | -0.961M |
| Sept. 30, 2010 | 1.131M |
| June 30, 2010 | 1.236M |
| March 31, 2010 | 3.724M |
| Dec. 31, 2009 | 0.199M |
| Sept. 30, 2009 | 0.378M |
| June 30, 2009 | -1.158M |
| March 31, 2009 | -1.618M |
| Dec. 31, 2008 | -1.708M |
| Sept. 30, 2008 | -1.456M |
| June 30, 2008 | -1.672M |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
| Sept. 30, 2007 | Go Pro |
| June 30, 2007 | Go Pro |
| March 31, 2007 | Go Pro |
| Dec. 31, 2006 | Go Pro |
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| Dec. 31, 2000 | Go Pro |
About Retained Earnings
The net income that remains after paying dividends. It is reported on the balance sheet as the cumulative sum of each year's retained earnings over the life of the business. Retained earnings can be used to pay debt and future dividends, or can be reinvested into business activities.
The "retained" refers to the earnings after paying out dividends. Companies with increasing retained earnings is good, because it means the company is staying consistently profitable. If a company has a yearly loss, this number is subtracted from retained earnings.
If a company's annual net income was 5 million, paid out 3 million in dividends, and had a retained earnings of 9 million, retained earnings at the end of 2012 would be 11 million (5-3+9). Similarly if next year the company paid no dividends but had a yearly net income loss of 5 million, retained earnings would be 6 million (11-5).
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MFNC Retained Earnings Benchmarks
| Companies | |
|---|---|
| Guaranty Federal Bancshares | 39.32M |
| American River Bankshares | 21.73M |
| Bancorp | 14.75M |
MFNC Retained Earnings Rankings
| Overall |
67th percentile 2630 of 8005 |
| Sector |
36th percentile 606 of 955 in Financial Services |
| Industry |
34th percentile 290 of 445 in Banks - Regional - US |
MFNC Retained Earnings Range, Past 5 Years
| Minimum | -1.708M | Dec 2008 |
| Maximum | 7.181M | Mar 2013 |
| Average | 1.222M |
