Southern Michigan Bancorp, Inc. (SOMC)
| Market Cap | 137.32M +21.2% |
| Revenue (ttm) | 60.22M +13.3% |
| Net Income | 12.58M +5.2% |
| EPS | 2.68 +3.5% |
| Shares Out | 4.62M |
| PE Ratio | 11.08 |
| Forward PE | n/a |
| Dividend | 0.68 (2.29%) |
| Ex-Dividend Date | Oct 5, 2026 |
| Volume | 9,650 |
| Open | 29.70 |
| Previous Close | 29.70 |
| Day's Range | 29.00 - 29.70 |
| 52-Week Range | 23.00 - 32.00 |
| Beta | 0.19 |
| Analysts | n/a |
| Price Target | n/a |
| Est. Earnings | Feb 12, 2027 |
About Southern Michigan Bancorp
Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and government agencies primarily in the southwest and south-central Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit. The company also provides home mortgages and equity loans, home equity lines ... [Read more]
Financial Performance
In 2025, Southern Michigan Bancorp's revenue was $54.06 million, an increase of 11.32% compared to the previous year's $48.56 million. Earnings were $12.22 million, an increase of 17.43%.
Financial StatementsNews
Southern Michigan Bancorp, Inc. Announces Third Quarter 2026 Earnings
COLDWATER, Mich., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter 2026 net income of $3,274,000, or $0.70 per share, an increase of $255,000,...
Southern Michigan Bancorp, Inc. Declares Cash Dividend
COLDWATER, Mich., Sept. 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.17 per share on the outstanding shar...
Southern Michigan Bancorp, Inc. Announces Second Quarter 2026 Earnings
COLDWATER, Mich., July 29, 2026 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced second quarter 2026 net income of $3,087,000, or $0.66 per share, a decrease of $151,000,...
Southern Michigan Bancorp, Inc. Announces First Quarter 2026 Earnings
COLDWATER, Mich., April 29, 2026 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced first quarter 2026 net income of $3,306,000, or $0.71 per share, an increase of $260,000...
Southern Michigan Bancorp increase quarterly dividend to 17c per share
The Board of Directors of Southern Michigan Bancorp (SOMC) approved an increase to the quarterly cash dividend that will be paid in April 2026. The $0.17 per share dividend is…
Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend
COLDWATER, Mich., March 18, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) approved an increase to the quarterly cash dividend that will be paid in...
Southern Michigan Bancorp reports Q4 EPS 62c vs. 57c last year
The annualized return on average assets for the years ended December 31, 2025, and December 31, 2024, was 0.77% and 0.71%, respectively. The annualized return on average equity for the…
Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2025 Earnings
COLDWATER, Mich., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced fourth quarter 2025 net income of $2,912,000, or $0.62 per share, an increase of $262,000...
Southern Michigan Bancorp reports Q3 EPS 65c vs. 57c last year
The annualized return on average assets for the nine-month periods ended September 30, 2025, and September 30, 2024, was 0.79% and 0.70%, respectively. The annualized return on average equity was…
Southern Michigan Bancorp, Inc. Announces Third Quarter 2025 Earnings
COLDWATER, Mich., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter 2025 net income of $3,019,000, or $0.65 per share, an increase of $433,000,...
Southern Michigan Bancorp reports Q2 EPS 70c vs. 55c last year
The annualized return on average assets for the six-month periods ended June 30, 2025, and June 30, 2024, was 0.81% and 0.71%, respectively. The annualized return on average equity was…
Southern Michigan Bancorp, Inc. Announces Second Quarter 2025 Earnings
COLDWATER, Mich., July 23, 2025 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced second quarter 2025 net income of $3,238,000, or $0.70 per share, an increase of $750,000...
Southern Michigan Bancorp reports Q1 EPS 66c vs. 59c last year
John Waldron, CEO of Southern Michigan Bancorp (SOMC) stated, “First quarter 2025 earnings were solid, and credit quality remained strong. Our continued investment in market expansion and staff transl...
Southern Michigan Bancorp, Inc. Announces First Quarter 2025 Earnings
COLDWATER, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced first quarter 2025 net income of $3,046,000, or $0.66 per share, an increase of $368,000...
Southern Michigan Bancorp raises quarterly cash dividend to 16c per share
The Board of Directors of Southern Michigan Bancorp (SOMC) approved an increase to the quarterly cash dividend that will be paid in April 2025. The $0.16 per share dividend is…
Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2024 Earnings
COLDWATER, Mich., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced fourth quarter net income of $2,650,000, or $0.57 per share, compared to net income of $2...
Southern Michigan Bancorp reports Q3 EPS 57c vs. 61c last year
The allowance for credit losses totaled $12,363,000, or 1.14% of loans on September 30, 2024. Net loan charge-offs totaled $20,000 for the first nine months of 2024, compared to net…
Southern Michigan Bancorp, Inc. Announces Third Quarter 2024 Earnings
COLDWATER, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter net income of $2,586,000, or $0.57 per share, compared to net income of $2,...
Southern Michigan Bancorp, Inc. Announces Second Quarter 2024 Earnings
COLDWATER, Mich., July 24, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced second quarter net income of $2,488,000, or $0.55 per share, compared to net income of $2...
Southern Michigan Bancorp, Inc. Announces First Quarter 2024 Earnings
COLDWATER, Mich., April 24, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced first quarter net income of $2,678,000, or $0.59 per share, compared to net income of $3...
Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Earnings
COLDWATER, Mich., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced fourth quarter 2023 net income of $2,437,000, or $0.54 per share, compared to net income ...
Southern Michigan Bancorp reports Q3 EPS 61c vs. 79c last year
The annualized return on average assets for the nine-month periods ending September 30, 2023 and 2022 was 0.84% and 1.09%, respectively. The annualized return on average equity was 12.42% for…
Southern Michigan Bancorp, Inc. Announces Third Quarter 2023 Earnings
COLDWATER, Mich., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter 2023 net income of $2,767,000, or $0.61 per share, compared to net income o...
Southern Michigan Bancorp CEO John Castle, President Kurt Miller to retire
CEO John Castle and President Kurt Miller are planning to retire from Southern Michigan Bancorp and Southern Michigan Bank & Trust. The board of directors of the two entities, known…
Southern Michigan Bancorp and Southern Michigan Bank & Trust Announce Leadership Transition
COLDWATER, Mich., Oct. 03, 2023 (GLOBE NEWSWIRE) -- After decades of leadership and service, CEO John Castle and President Kurt Miller are planning to retire from Southern Michigan Bancorp and Souther...