Southern Michigan Bancorp Income Statement - Quarterly (OTCMKTS:SOMC)

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$32.5 $1 (2.99%) SOMC stock closing price Feb 24, 2017 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Southern Michigan Bancorp stock price. In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. 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 QoQ growth of $0.23M. View details of revenue and profits for Southern Michigan Bancorp for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Southern Michigan Bancorp Net Sales or Revenues
7.42M7.19M7.03M7.24M7.1M7.1M7.58M6.74M6.82M6.83M
Cost Of Goods Sold (COGS)-0.32M0.3M0.3M0.31M0.3M0.31M0.29M0.3M0.31M
Southern Michigan Bancorp Gross Profit
-6.86M6.72M6.94M6.82M6.79M7.25M6.43M6.54M6.52M
Research & Development Expense----------
Selling General & Admin Expense-4.43M4.64M4.83M5.04M4.48M4.72M4.61M4.66M4.58M
Income Before Depreciation Depletion Amortization-2.42M2.08M2.1M1.78M2.31M2.53M1.81M1.89M1.93M
Depreciation Depletion Amortization-0.06M0.06M0.06M0.08M0.06M0.06M0.07M0.07M0.07M
Non Operating Income----------
Interest Expense-0.13M0.12M0.12M0.12M0.12M0.08M0.08M0.09M0.07M
Southern Michigan Bancorp Pretax Income
-2.22M1.89M1.91M1.59M2.12M2.38M1.66M1.74M1.78M
Provision for Income Taxes-0.56M0.49M0.53M0.4M0.6M0.5M0.45M0.5M0.49M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.67M1.66M1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M
Extraordinary Items & Discontinued Operations----------
Southern Michigan Bancorp Net Income (Profit/Loss)
1.67M1.66M1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M
Average Shares used to compute Diluted EPS2.38M2.4M2.41M2.41M2.39M2.38M2.38M2.42M2.46M2.39M
Average Shares used to compute Basic EPS2.38M2.4M2.41M2.41M2.39M2.38M2.38M2.42M2.46M2.39M
Income Before Nonrecurring Items1.67M1.66M1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M
Income from Nonrecurring Items----------
Southern Michigan Bancorp Earnings Per Share Basic Net
0.700.690.580.570.500.640.790.500.510.54
Southern Michigan Bancorp Earnings Per Share Diluted Net
0.700.690.580.570.500.640.790.500.510.54
EPS Diluted Before Nonrecurring Items0.700.690.580.570.500.640.790.500.510.54
Preferred Dividends Acc Pd----------
Dividends Common0.480.43--------
Dividend Per Share Common0.200.180.180.160.16-0.310.150.150.15
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:
  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth (See: Southern Michigan Bancorp revenue chart) implies that the company is growing, which has been the case with Southern Michigan Bancorp. One must stay away from stocks whose revenues are declining.
  • 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)
12.7950
PS ratio (
price sales ratio
)
2.6783
Operating margin
32.8
Net profit margin
23.1
Dividend yield
2.22%