Company profile

Ticker
MFNC
Exchange
CEO
Paul Davison Tobias
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
First Manistique Corp, North Country Financial Corp
SEC CIK
IRS number
382062816

MFNC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 May 20
14 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 403K 389K 383K 408K
Net income 3.05M 3.3M 3.72M 3.67M
Diluted EPS 0.28 0.31 0.35 0.34
Net profit margin 757% 847% 971% 899%
Net change in cash 47.25M -33.1M 22.23M 3.73M
Cash on hand 97.07M 49.83M 82.92M 60.69M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.59M 1.44M 1.06M 37.98M
Net income 13.85M 8.37M 5.48M 4.48M
Diluted EPS 1.29 0.94 0.87 0.72
Net profit margin 873% 581% 519% 11.80%
Net change in cash -14.33M 26.73M -9.33M 21.75M
Cash on hand 49.83M 64.16M 37.43M 46.76M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
24 Mar 20 Steinhardt David Russ Common Stock Buy Aquire P No 8.7934 346 3.04K 15,994
24 Mar 20 Steinhardt David Russ Common Stock Buy Aquire P No 7.5865 2,614 19.83K 15,648
23 Mar 20 Steinhardt David Russ Common Stock Buy Aquire P No 7.3634 1,034 7.61K 13,034
19 Mar 20 Steinhardt David Russ Common Stock Buy Aquire P No 9.9995 10,000 100K 12,000
12 Mar 20 Mahaney Robert Edward II Common Stock Buy Aquire P No 11.5 2,562 29.46K 28,982
13 Feb 20 Paul Davison Tobias Common Stock Grant Aquire A No 0 16,000 0 95,367
13 Feb 20 Kelly W George Common Stock Grant Aquire A No 0 20,000 0 92,500
13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

?
Risks
  • The recent global COVID-19 outbreak could harm the Corporation’s business and results of operations.
Management Discussion
  • The Corporation recorded first quarter 2020 net income of $3.051 million, or $.28 per share, compared to net income of $3.167 million or $.30 per share for the first quarter of 2019. 
  • Net interest income is the Corporation’s primary source of core earnings.  Net interest income represents the difference between the average yield earned on interest earning assets and the average rate paid on interest bearing obligations.  Net interest income is impacted by economic and competitive factors that influence rates, loan demand, and the availability of funding.
  • Net interest income and net interest margin on a fully taxable equivalent basis amounted to $13.481 million, 4.63% of average earning assets, respectively in the first three months of 2020, compared to $13.304 million, 4.57% of average earning assets, respectively in the first three months of 2019. 
Content analysis ?
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Negative
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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