Southern Michigan Bancorp (OTCMKTS:SOMC) Issues Quarterly Earnings Results

Southern Michigan Bancorp (OTCMKTS:SOMC) released its earnings results on Thursday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Southern Michigan Bancorp had a net margin of 21.44% and a return on equity of 10.78%. The company had revenue of $8.49 million for the quarter.

OTCMKTS:SOMC opened at $38.52 on Friday. The firm has a market cap of $89.18 million, a PE ratio of 10.30 and a beta of 0.34. The stock has a fifty day moving average price of $38.39 and a 200 day moving average price of $38.06. Southern Michigan Bancorp has a 12-month low of $36.25 and a 12-month high of $39.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

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 governmental agencies primarily in the southern Michigan communities. Its deposit products include interest and non-interest checking, passbook savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit.

Further Reading: Asset Allocation, Balancing Your Investments

Earnings History for Southern Michigan Bancorp (OTCMKTS:SOMC)

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