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Southern Michigan Bancorp Inc (SOMC)
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SOMC
Southern Michigan Bancorp
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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 25Dec 24Dec 23Dec 22Dec 21
Total Revenue
$ 93.17M$ 48.56M$ 46.81M$ 51.51M$ 46.15M
Gross Profit
$ 54.06M$ 48.56M$ 73.31M$ 51.51M$ 46.15M
Operating Expenses
$ 39.67M$ 32.23M$ 29.82M$ 26.05M$ 23.86M
Depreciation and Amortization
$ 0.00$ 0.00$ -14.13M$ 1.40M$ 1.39M
EBITDA
$ 14.39M$ 12.14M$ -782.00K$ 17.48M$ 15.51M
Operating Income
$ 14.39M$ 16.34M$ 16.99M$ 19.15M$ 16.97M
Other Income/Expenses
$ 0.00$ -4.20M$ -3.64M$ -3.08M$ -2.85M
Pretax Income
$ 14.39M$ 12.14M$ 13.35M$ 16.07M$ 14.12M
Net Income
$ 12.21M$ 10.40M$ 10.90M$ 13.49M$ 11.76M
Per Share Metrics
Basic EPS
$ 2.65$ 2.28$ 2.40$ 2.98$ 2.59
Diluted EPS
$ 2.63$ 2.28$ 2.40$ 2.97$ 2.58
Weighted Average Shares Outstanding
 4.61M 4.56M 4.54M 4.53M 4.54M
Weighted Average Shares Outstanding (Diluted)
 4.64M 4.56M 4.54M 4.54M 4.55M
Currency in USD

Southern Michigan Bancorp Earnings and Revenue History