Southern Michigan Bancorp (SOMC) Posts Earnings Results
Southern Michigan Bancorp (OTCMKTS:SOMC) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Southern Michigan Bancorp had a return on equity of 9.13% and a net margin of 17.07%. The company had revenue of $7.53 million for the quarter.
Shares of SOMC stock remained flat at $$35.75 on Wednesday. The company had a trading volume of 369 shares, compared to its average volume of 1,031. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.64. Southern Michigan Bancorp has a one year low of $32.01 and a one year high of $44.00. The stock has a market capitalization of $84.99, a P/E ratio of 13.10 and a beta of 0.33.
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Southern Michigan Bancorp Company Profile
Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides various commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southern Michigan communities. The company's deposit products include interest and non-interest checking, passbook savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit.
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