Southern Michigan Bancorp (OTCMKTS:SOMC) Announces Earnings Results

Southern Michigan Bancorp (OTCMKTS:SOMC) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, Zacks reports. Southern Michigan Bancorp had a net margin of 13.18% and a return on equity of 10.65%.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS:SOMC remained flat at $25.30 during midday trading on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. Southern Michigan Bancorp has a 1-year low of $17.00 and a 1-year high of $25.46. The business’s 50-day moving average is $24.58 and its 200 day moving average is $24.32. The company has a market capitalization of $116.89 million, a P/E ratio of 9.81 and a beta of 0.12.

Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.