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.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/27/southern-michigan-bancorp-somc-releases-quarterly-earnings-results.html.

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.

Receive News & Ratings for Southern Michigan Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern Michigan Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply