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    Banks - Regional
Eastern Michigan Financial Corporation

Eastern Michigan Financial Corporation

EFIN
Eastern Michigan Financial CorporationUS flagOther OTC
66.45
USD
-0.08
- -
85.54MMarket Cap
2002 Y
2003 Y
2004 Y
2005 Y
2006 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
7.53
8.69
8.37
8.56
8.77
10.98
10.54
11.39
12.07
13.06
12.53
15.73
17.02
17.33
Basic EPS, GAAP
2
1.55
1.98
1.64
2.01
2.36
2.61
3.33
3.44
3.98
2.9
4.93
5.52
5.76
Free Cash Flow per Basic Share
1.83
3.89
2.84
- -
- -
2.51
3.68
3.79
2.7
4.28
4.63
6.11
5.64
- -
Dividend per Share
0.76
0.82
0.84
- -
- -
0.71
0.73
0.84
1
1.11
1.81
1.5
2.09
- -
Book Value per Share
14.73
15.21
16.34
12.5
13.59
30.19
28.15
30.35
32.39
35.03
34.98
37.73
40.59
41.49
Tangible Book Value per Share
16.34
16.76
17.72
18.17
19.41
31.62
29.01
32.25
35.16
36.18
26.04
32.23
38.09
41.03
Basic Weighted Avg Shares
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Sales/Revenue/Turnover
9
10
10
10
10
11
13
14
15
16
16
20
22
22
Operating Margin (%)
38.39
24.53
34.11
27.78
32.45
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
2
2
2
2
2
2
3
4
4
5
4
6
7
7
Effective Tax Rate (%)
31
27.44
30.6
31.08
29.25
30.94
18.02
17.76
18.5
18.28
20.42
20.48
20.68
20.48
Profit Margin (%)
26.49
17.8
23.67
19.14
22.96
21.49
24.77
29.24
28.49
30.49
23.14
31.38
32.42
33.23
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
20
19
20
21
23
33
34
39
43
45
33
40
49
53
Return on Invested Capital (%)
- -
9.03
11.5
9.09
10.55
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
9.98
12.57
11.37
15.43
10.41
9.6
11.44
11.05
11.86
8.36
13.57
14.2
14.11

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1
1
1
Market Capitalization
45
54
55

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
29
45
42
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.49%
6.37%
20.23%
Free Cash Flow
- -
13.71%
-6.07%
Net Income, GAAP
14.66%
15.95%
13.75%
Sales/Revenue/Turnover
8.67%
10.02%
10.08%
Total Cash Common Dividend
- -
24.65%
41.95%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
5
5
5
5
20
2024
5
5
5
6
22
2025
5
6
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.17
- -
- -
- -
4.93
2024
1.22
- -
- -
- -
5.52
2025
1.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.5
2024
- -
- -
- -
- -
2.09
2025
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
William G. Oldford Jr.
Full Time Employees
94
Sector
Financial Services
Industry
Banks - Regional
Address
65 North Howard Avenue Croswell MI United States of America 48422
IPO Date
Jan 29, 2008
Website
emb.bank
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Business
Eastern Michigan Financial Corporation (EFIN) is a bank holding company headquartered in Croswell, Michigan, that operates through its wholly owned subsidiary Eastern Michigan Bank to provide a full range of retail and commercial banking services to customers in Sanilac, Huron, and St. Clair counties. Eastern Michigan Bank offers personal banking products and services including checking and savings accounts, debit and credit cards, mobile banking, mobile deposit, bill pay, personal loans, home equity lines, residential real estate mortgages, and consumer loans; business banking solutions such as cash management, business checking and savings accounts, commercial and industrial loans, agricultural loans, SBA loans, real estate-related loans, and other commercial financing options. The bank maintains 12 branches across its primary market area in eastern Michigan and emphasizes local decision-making, long-term depositor relationships, and a strong core deposit franchise with low funding costs. In July 2025, Eastern Michigan Financial Corporation entered into a definitive merger agreement with Mercantile Bank Corporation (NASDAQ: MBWM) in a cash-and-stock transaction valued at approximately $95.8 million, under which EFIN shareholders will receive 0.7116 shares of Mercantile common stock plus $32.32 in cash per EFIN share; the deal, approved by both boards, awaits regulatory approvals, EFIN shareholder approval at a special meeting scheduled for December 19, 2025, and is expected to close in the fourth quarter of 2025 or early 2026. Upon completion, the transaction will add Eastern Michigan Bank's 12 branches to Mercantile's network, expand Mercantile's footprint in eastern and southeast Michigan, create a combined entity with $6.7 billion in assets, $4.9 billion in loans, and $5.2 billion in deposits as of June 30, 2025, and integrate Eastern's leadership including CEO William Oldford as Regional Market President, with one EFIN director joining Mercantile's board and an advisory board formed from EFIN directors. The board declared a quarterly dividend of $0.40 per share payable December 26, 2025, to shareholders of record as of December 19, 2025, consistent with prior payouts.

Company News

APIChatGPT

  • prnewswire.com

    Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger