Mackinac Financial (MFNC) Stock Analysis

What Mackinac Financial does

Mackinac Financial Corporation operates as a bank holding company, primarily delivering comprehensive commercial banking services via its subsidiary, mBank. Headquartered in Manistique, Michigan, the company employs 294 full-time staff members. Through mBank, the firm engages in general commercial banking, offering a diverse portfolio of loan and deposit solutions. These services encompass standard retail and business banking, including checking, savings, and interest-bearing transaction accounts, time deposits, and safe deposit facilities. Additionally, mBank provides real estate mortgage lending, commercial lending, lease financing for both commercial and governmental entities, and direct and indirect consumer financing. The bank's operations are funded through various sources such as brokered deposits, borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed or other securities, repayment of outstanding loans, and earnings generated from its activities. mBank maintains a significant presence with over 13 branch locations in Michigan's Upper Peninsula and four additional branches in the Lower Peninsula.

Key metrics

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PortView analyzes how MFNC fits your actual portfolio — position weight, portfolio concentration, unrealized gain/loss, contribution to return, sector exposure, indirect exposure through the ETFs you hold, and correlation with your other holdings. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Frequently asked questions

What is the ticker symbol for Mackinac Financial?

Mackinac Financial trades under the ticker MFNC on NASDAQ.

Which exchange is MFNC listed on?

MFNC is listed on NASDAQ.

What sector does Mackinac Financial operate in?

Mackinac Financial is classified in the Financial Services sector (Banks - Regional industry).

How can PortView help analyze MFNC in a portfolio?

PortView shows MFNC's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.