Southern Michigan Bancorp Past Earnings Performance
Past criteria checks 2/6
Southern Michigan Bancorp has been growing earnings at an average annual rate of 8%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 9.5% per year. Southern Michigan Bancorp's return on equity is 9.5%, and it has net margins of 21%.
Key information
8.0%
Earnings growth rate
8.3%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 9.5% |
| Return on equity | 9.5% |
| Net Margin | 21.0% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Southern Michigan Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 48 | 10 | 32 | 0 |
| 30 Jun 24 | 48 | 10 | 31 | 0 |
| 31 Mar 24 | 47 | 11 | 31 | 0 |
| 31 Dec 23 | 47 | 11 | 30 | 0 |
| 30 Sep 23 | 47 | 12 | 29 | 0 |
| 30 Jun 23 | 47 | 13 | 28 | 0 |
| 31 Mar 23 | 46 | 14 | 27 | 0 |
| 31 Dec 22 | 45 | 13 | 26 | 0 |
| 30 Sep 22 | 44 | 12 | 25 | 0 |
| 30 Jun 22 | 42 | 12 | 25 | 0 |
| 31 Mar 22 | 41 | 12 | 24 | 0 |
| 31 Dec 21 | 41 | 12 | 24 | 0 |
| 30 Sep 21 | 39 | 11 | 23 | 0 |
| 30 Jun 21 | 37 | 10 | 23 | 0 |
| 31 Mar 21 | 35 | 9 | 22 | 0 |
| 31 Dec 20 | 32 | 7 | 21 | 0 |
| 30 Sep 20 | 32 | 7 | 21 | 0 |
| 30 Jun 20 | 32 | 8 | 21 | 0 |
| 31 Mar 20 | 33 | 8 | 21 | 0 |
| 31 Dec 19 | 34 | 9 | 21 | 0 |
| 30 Sep 19 | 33 | 9 | 21 | 0 |
| 30 Jun 19 | 32 | 8 | 20 | 0 |
| 31 Mar 19 | 32 | 8 | 20 | 0 |
| 31 Dec 18 | 31 | 8 | 20 | 0 |
| 30 Sep 18 | 31 | 7 | 19 | 0 |
| 30 Jun 18 | 30 | 7 | 19 | 0 |
| 31 Mar 18 | 29 | 6 | 18 | 0 |
| 31 Dec 17 | 29 | 5 | 18 | 0 |
| 30 Sep 17 | 28 | 6 | 17 | 0 |
| 30 Jun 17 | 28 | 6 | 17 | 0 |
| 31 Mar 17 | 27 | 6 | 16 | 0 |
| 31 Dec 16 | 27 | 6 | 16 | 0 |
| 30 Sep 16 | 26 | 6 | 16 | 0 |
| 30 Jun 16 | 26 | 5 | 16 | 0 |
| 31 Mar 16 | 27 | 6 | 16 | 0 |
| 31 Dec 15 | 26 | 6 | 16 | 0 |
| 30 Sep 15 | 26 | 6 | 16 | 0 |
| 30 Jun 15 | 26 | 6 | 16 | 0 |
| 31 Mar 15 | 25 | 5 | 15 | 0 |
| 31 Dec 14 | 25 | 5 | 15 | 0 |
| 30 Sep 14 | 25 | 5 | 15 | 0 |
| 30 Jun 14 | 25 | 5 | 15 | 0 |
| 31 Mar 14 | 25 | 5 | 15 | 0 |
| 31 Dec 13 | 24 | 4 | 15 | 0 |
Quality Earnings: SOMC has high quality earnings.
Growing Profit Margin: SOMC's current net profit margins (21%) are lower than last year (25.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SOMC's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: SOMC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOMC had negative earnings growth (-15.5%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: SOMC's Return on Equity (9.5%) is considered low.