Southern Michigan Bancorp Annual Income Statement (OTCMKTS:SOMC)

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$32.7 $0.25 (0.76%) SOMC stock closing price Jan 23, 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. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement for SOMC which implies a YoY revenue growth of $1.58M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Southern Michigan Bancorp assets, operating expenses and Southern Michigan Bancorp free cash flow. The profit and loss statement shows revenue of $28.5M for 2015. Revenue has grown by $1.58M YoY for SOMC stock. 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 2006
Southern Michigan Bancorp Net Sales or Revenues
28.5M26.92M27.15M27.17M26.47M27.92M29.11M32.34M27.81M25.55M
Cost Of Goods Sold (COGS)1.21M1.31M1.85M2.32M3.14M3.77M4.67M6.99M7.75M6.08M
Southern Michigan Bancorp Gross Profit
27.29M25.61M25.29M24.84M23.33M24.14M24.43M25.35M20.05M19.47M
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
7.75M6.6M6.22M5.78M4.36M3.81M2.01M0.05M5.56M5.5M
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)
5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M4M
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 Common0.620.560.490.320.200.150.201.000.800.76
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 SBFG stock and IROQ stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $28.5M - other expenses = $5.8M for SOMC stock. An improving bottomline implies that the company is growing profits.
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)
13.9740
PS ratio (
price sales ratio
)
2.7479
Net profit margin
23.1
Dividend yield
2.08%