Southern Michigan Bancorp (SOMC) Releases Quarterly Earnings Results

Southern Michigan Bancorp (NASDAQ:SOMC) posted its quarterly earnings data on Thursday. The company reported $0.75 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $7.42 million during the quarter. Southern Michigan Bancorp had a return on equity of 8.53% and a net margin of 21.04%.

Southern Michigan Bancorp (SOMC) remained flat at $34.50 during mid-day trading on Friday. The company has a 50-day moving average price of $33.61 and a 200 day moving average price of $33.86. The company has a market capitalization of $81.73 million and a price-to-earnings ratio of 13.22. Southern Michigan Bancorp has a 12-month low of $26.50 and a 12-month high of $45.00.

The business also recently disclosed a dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.21 dividend. The ex-dividend date was Thursday, October 5th.

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Southern Michigan Bancorp Company Profile

Southern Michigan Bancorp, Inc is a bank holding company and the parent company of Southern Michigan Bank & Trust (the Bank), Southern Michigan Bancorp Capital Trust I and 27 Marshall Street LLC. The Bank operates over 10 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties. The Bank provides a range of consumer, business and wealth management services.

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