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

Southern Michigan Bancorp (OTCMKTS:SOMC) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.70 earnings per share for the quarter, Zacks reports. Southern Michigan Bancorp had a return on equity of 10.18% and a net margin of 12.70%. The firm had revenue of $15.97 million for the quarter.

Southern Michigan Bancorp Trading Up 2.2%

OTCMKTS SOMC traded up $0.65 during trading hours on Friday, reaching $29.55. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,325. The stock has a market cap of $137.41 million, a P/E ratio of 10.99 and a beta of 0.20. The firm has a fifty day simple moving average of $30.15 and a 200-day simple moving average of $28.56. 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 has a 52 week low of $23.00 and a 52 week high of $32.00.

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.