Southern Michigan Bancorp (OTCMKTS:SOMC) posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.83 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $8.06 million during the quarter. Southern Michigan Bancorp had a return on equity of 11.06% and a net margin of 22.08%.
SOMC stock opened at $37.80 on Friday. The firm has a market cap of $87.70 million, a PE ratio of 10.63 and a beta of 0.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.94. Southern Michigan Bancorp has a 52 week low of $36.22 and a 52 week high of $49.00.
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Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southern Michigan communities. Its 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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