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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 (Q2 2025), Southern Michigan Bancorp's total revenue was $13.95M, a decrease of -32.93% from the same quarter last year. In Q2, Southern Michigan Bancorp's net income was $3.24M. See Southern Michigan Bancorp’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 24Dec 23Dec 22Dec 21Dec 20
Total Revenue
$ 48.56M$ 46.81M$ 51.51M$ 46.15M$ 40.20M
Gross Profit
$ 48.56M$ 73.31M$ 51.51M$ 46.15M$ 32.48M
Operating Expenses
$ 32.23M$ 29.82M$ 26.05M$ 23.86M$ 21.42M
Depreciation and Amortization
$ 0.00$ -14.13M$ 1.40M$ 1.39M$ 1.47M
EBITDA
$ 12.14M$ -782.00K$ 17.48M$ 15.51M$ 10.26M
Operating Income
$ 16.34M$ 16.99M$ 19.15M$ 16.97M$ 11.06M
Other Income/Expenses
$ -4.20M$ -3.64M$ -3.08M$ -2.85M$ -2.27M
Pretax Income
$ 12.14M$ 13.35M$ 16.07M$ 14.12M$ 8.79M
Net Income
$ 10.40M$ 10.90M$ 13.49M$ 11.76M$ 7.39M
Per Share Metrics
Basic EPS
$ 2.28$ 2.40$ 2.98$ 2.59$ 1.60
Diluted EPS
$ 2.28$ 2.40$ 2.97$ 2.58$ 1.60
Weighted Average Shares Outstanding
4.56M 4.54M 4.53M 4.54M 4.60M
Weighted Average Shares Outstanding (Diluted)
4.56M 4.54M 4.54M 4.55M 4.61M
Currency in USD

Southern Michigan Bancorp Earnings and Revenue History