Southern Michigan Bancorp reports Q3 EPS 65c vs. 57c last year

The annualized return on average assets for the nine-month periods ended September 30, 2025, and September 30, 2024, was 0.79% and 0.70%, respectively. The annualized return on average equity was 11.00% for the first nine months of 2025 compared to 10.18% for the first nine months of 2024. The tax equivalent net interest margin for the nine-month period ending September 30, 2025 was 3.21% compared to 2.94% for the same period of 2024. John Waldron, CEO, stated, “We are pleased to announce another solid quarter of earnings and growth. Our ongoing commitment to expanding our markets and investing in our team led to record levels in loans, deposits, and total assets at quarter end.”