Southern Michigan Bancorp (OTCMKTS:SOMC – Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, Zacks reports. Southern Michigan Bancorp had a net margin of 12.60% and a return on equity of 10.09%. The company had revenue of $15.97 million during the quarter.
Southern Michigan Bancorp Stock Performance
SOMC opened at $28.90 on Thursday. The firm has a market cap of $134.36 million, a P/E ratio of 10.95 and a beta of 0.19. Southern Michigan Bancorp has a 1-year low of $23.00 and a 1-year high of $32.00. The company has a 50 day simple moving average of $30.18 and a two-hundred day simple moving average of $28.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.95 and a quick ratio of 0.94.
Southern Michigan Bancorp Company Profile
Southern Michigan Bancorp, Inc is a bank holding company headquartered in Coldwater, Michigan. Through its principal subsidiary, Southern Michigan Bank & Trust, the company provides community banking services to individuals, families, farmers and businesses in southern Michigan.
Southern Michigan Bank & Trust offers deposit products such as checking, savings, money market and time deposit accounts, along with consumer, residential mortgage, agricultural and commercial lending. Its services also include online and mobile banking, treasury management, wealth management and other financial solutions for personal and business customers.
The bank has a long history of serving communities in southern Michigan and operates through a network of banking offices in the region.
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