Southern Michigan Bancorp Annual Income Statement (OTCMKTS:SOMC)

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$26.5 $0 (0%) SOMC stock closing price Oct 26, 2016 (Closing)

Looking at financial statements, along with the Southern Michigan Bancorp stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the SOMC stock is bound to reflect the impact of the YoY growth of $1.58M. The Southern Michigan Bancorp profit and loss statement for 2015 shows a profit of $5.8M. Profits have grown from $4.79M YoY. Apart from this an investor should also check Southern Michigan Bancorp assets and Southern Michigan Bancorp free cash flow. Southern Michigan Bancorp revenue for 2015 is $28.5M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Southern Michigan Bancorp Net Sales or Revenues
Cost Of Goods Sold (COGS)1.21M1.31M1.85M2.32M3.14M3.77M4.67M6.99M7.75M6.08M
Southern Michigan Bancorp Gross Profit
Research & Development Expense----------
Selling General & Admin Expense18.85M18.42M18.48M18.25M18.02M19.28M21.33M23.73M13.57M13.07M
Income Before Depreciation Depletion Amortization8.43M7.18M6.81M6.59M5.3M4.86M3.1M1.62M6.48M6.39M
Depreciation Depletion Amortization0.27M0.28M0.29M0.32M0.33M0.35M0.36M0.37M0.03M0.02M
Non Operating Income----------
Interest Expense0.4M0.3M0.29M0.48M0.61M0.69M0.72M1.19M0.88M0.87M
Southern Michigan Bancorp Pretax Income
Provision for Income Taxes1.95M1.81M1.72M1.43M0.95M0.72M0.07M-0.76M1.43M1.49M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M4M
Extraordinary Items & Discontinued Operations----------
Southern Michigan Bancorp Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS2.4M2.41M2.39M2.36M2.33M2.31M2.31M---
Average Shares used to compute Basic EPS2.4M2.41M2.39M2.36M2.33M2.31M2.31M---
Income Before Nonrecurring Items5.81M4.79M4.5M4.35M3.4M3.1M1.94M---
Income from Nonrecurring Items----------
Southern Michigan Bancorp Earnings Per Share Basic Net
Southern Michigan Bancorp Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items2.421.991.881.841.461.340.84---
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.620.560.490.320.
All figures in USD. M: Millions of USD, B: Billions of USD.

Before investing one should read a report on Southern Michigan Bancorp stock analysis. It helps to look at the following income statement items:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that SOMC stock has a topline or revenue of $28.5M for 2015 as per this Southern Michigan Bancorp revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. SOMC stock had a healthy bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with Southern Michigan Bancorp historical stock prices provides a lot of details about the firm. .

Southern Michigan Bancorp Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Net profit margin
Dividend yield