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

Southern Michigan Bancorp (OTCMKTS:SOMC) issued its earnings results on Wednesday. The financial services provider reported $0.66 earnings per share for the quarter, Zacks reports. Southern Michigan Bancorp had a return on equity of 10.48% and a net margin of 13.00%.

Southern Michigan Bancorp Stock Up 3.9%

OTCMKTS SOMC opened at $31.88 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.08. Southern Michigan Bancorp has a fifty-two week low of $22.00 and a fifty-two week high of $32.00. The business has a 50 day moving average price of $30.97 and a two-hundred day moving average price of $27.64. The stock has a market cap of $148.24 million, a PE ratio of 11.90 and a beta of 0.19.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc is the bank holding company for Southern Michigan Bank & Trust Company, a community-focused financial institution headquartered in Coldwater, Michigan. SOMC provides a broad range of banking services to individuals, families and local businesses, with an emphasis on personalized service and local decision-making.

The company’s primary business activities include commercial lending, real estate financing, agricultural loans and consumer banking solutions. Its lending portfolio serves small- and mid-sized businesses, residential and commercial real estate projects, and agricultural enterprises.