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Southern Michigan Bancorp Inc (SOMC)
OTHER OTC:SOMC
US Market

Southern Michigan Bancorp (SOMC) Income Statement

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Southern Michigan Bancorp Income Statement

Last quarter (Q1 2024), Southern Michigan Bancorp's total revenue was $20.49M, an increase of 26.99% from the same quarter last year. In Q1, Southern Michigan Bancorp's net income was $2.68M. See Southern Michigan Bancorp’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 46.81M$ 51.51M$ 46.15M$ 40.20M$ 40.21M
Gross Profit
$ 73.31M$ 51.51M$ 46.15M$ 40.20M$ 40.21M
Operating Expenses
$ 29.82M$ 6.66M$ 6.12M$ 4.96M$ 5.46M
Depreciation and Amortization
$ -14.13M$ 1.40M$ 1.39M$ 1.47M$ 1.41M
EBITDA
$ -782.00K$ 17.48M$ 15.51M$ 10.26M$ 11.71M
Operating Income
$ 16.99M$ 16.45M$ 14.45M$ 8.82M$ 10.35M
Other Income/Expenses
$ -3.64M$ -375.00K$ -332.00K$ -36.00K$ -36.00K
Pretax Income
$ 13.35M$ 16.07M$ 14.12M$ 8.79M$ 10.31M
Net Income
$ 10.90M$ 13.49M$ 11.76M$ 7.39M$ 8.62M
Per Share Metrics
Basic EPS
$ 2.40$ 2.98$ 2.59$ 1.60$ 1.87
Diluted EPS
$ 2.40$ 2.97$ 2.58$ 1.60$ 1.87
Weighted Average Shares Outstanding
4.54M 4.53M 4.54M 4.60M 4.61M
Weighted Average Shares Outstanding (Diluted)
4.54M 4.54M 4.55M 4.61M 4.61M
Currency in USD

Southern Michigan Bancorp Earnings and Revenue History

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