Southern Michigan Bancorp Annual Income Statement (OTCMKTS:SOMC)

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$33.5 $0 (0%) SOMC stock closing price Feb 17, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Southern Michigan Bancorp stock price alone is not sufficient. In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. 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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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007
Southern Michigan Bancorp Net Sales or Revenues
28.5M26.92M27.15M27.17M26.47M27.92M29.11M32.34M27.81M
Cost Of Goods Sold (COGS)1.21M1.31M1.85M2.32M3.14M3.77M4.67M6.99M7.75M
Southern Michigan Bancorp Gross Profit
27.29M25.61M25.29M24.84M23.33M24.14M24.43M25.35M20.05M
Research & Development Expense---------
Selling General & Admin Expense18.85M18.42M18.48M18.25M18.02M19.28M21.33M23.73M13.57M
Income Before Depreciation Depletion Amortization8.43M7.18M6.81M6.59M5.3M4.86M3.1M1.62M6.48M
Depreciation Depletion Amortization0.27M0.28M0.29M0.32M0.33M0.35M0.36M0.37M0.03M
Non Operating Income---------
Interest Expense0.4M0.3M0.29M0.48M0.61M0.69M0.72M1.19M0.88M
Southern Michigan Bancorp Pretax Income
7.75M6.6M6.22M5.78M4.36M3.81M2.01M0.05M5.56M
Provision for Income Taxes1.95M1.81M1.72M1.43M0.95M0.72M0.07M-0.76M1.43M
Minority Interest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
Extraordinary Items & Discontinued Operations---------
Southern Michigan Bancorp Net Income (Profit/Loss)
5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
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
2.421.991.881.841.461.340.84--
Southern Michigan Bancorp Earnings Per Share Diluted Net
2.421.991.881.841.461.340.84--
EPS Diluted Before Nonrecurring Items2.421.991.881.841.461.340.84--
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.620.560.490.320.200.150.201.000.80
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Southern Michigan Bancorp stock analysis are:
  • Topline: A growing topline, as seen from the Southern Michigan Bancorp revenue chart, as is the case with Southern Michigan Bancorp indicates a growing business. One needs to compare the QoQ or YoY topline growth of SOMC stock with its peers like PBBI stock and CMTV stock to see if the growth compares well with what can be expected for a company in that industry.
  • 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 the profit and loss statement. Apart from the income statement, one can check the Southern Michigan Bancorp historical stock prices to check how the price has moved with time. .

Southern Michigan Bancorp Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
14.3160
PS ratio (
price sales ratio
)
2.8151
Operating margin
32.8
Net profit margin
23.1
Dividend yield
2.03%