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Southern Michigan Bancorp OTCPK:SOMC Stock Report

Last Price

US$18.83

Market Cap

US$85.6m

7D

1.0%

1Y

19.6%

Updated

02 Dec, 2024

Data

Company Financials

Southern Michigan Bancorp, Inc.

OTCPK:SOMC Stock Report

Market Cap: US$85.6m

SOMC Stock Overview

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 southwest Michigan communities. More details

SOMC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Southern Michigan Bancorp, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Southern Michigan Bancorp
Historical stock prices
Current Share PriceUS$18.83
52 Week HighUS$18.83
52 Week LowUS$15.15
Beta0.26
11 Month Change7.17%
3 Month Change8.22%
1 Year Change19.56%
33 Year Change-12.42%
5 Year Change-2.18%
Change since IPO228.28%

Recent News & Updates

Recent updates

Shareholder Returns

SOMCUS BanksUS Market
7D1.0%-2.1%0.7%
1Y19.6%48.9%32.2%

Return vs Industry: SOMC underperformed the US Banks industry which returned 50.7% over the past year.

Return vs Market: SOMC underperformed the US Market which returned 31.9% over the past year.

Price Volatility

Is SOMC's price volatile compared to industry and market?
SOMC volatility
SOMC Average Weekly Movement2.5%
Banks Industry Average Movement5.1%
Market Average Movement6.3%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Stable Share Price: SOMC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: SOMC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1871n/aJohn Waldronwww.smb-t.com

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 southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs. The company also provides home mortgages and equity loans, home equity lines of credit, VA and FHA home loans, USDA rural development loans, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agriculture loans, letters of credit, small business administration loans, and capital access loans; industrial, construction, real estate, and inventory loans; and consumer lending products comprising direct and indirect loans to purchasers of residential real property and consumer goods.

Southern Michigan Bancorp, Inc. Fundamentals Summary

How do Southern Michigan Bancorp's earnings and revenue compare to its market cap?
SOMC fundamental statistics
Market capUS$85.57m
Earnings (TTM)US$10.19m
Revenue (TTM)US$48.42m

8.4x

P/E Ratio

0.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SOMC income statement (TTM)
RevenueUS$48.42m
Cost of RevenueUS$0
Gross ProfitUS$48.42m
Other ExpensesUS$38.23m
EarningsUS$10.19m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.23
Gross Margin100.00%
Net Profit Margin21.04%
Debt/Equity Ratio111.3%

How did SOMC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

26%

Payout Ratio