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

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$26.29 $0.01 (0.04%) SOMC stock closing price Oct 21, 2016 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Southern Michigan Bancorp stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from $7.24M to $7.03M and how operating and non operating activities have impacted the SOMC stock. The Southern Michigan Bancorp profit and loss statement for 2016-Q2 shows a profit of $1.4M. Profits have grown from $1.37M QoQ. Apart from this an investor should also check Southern Michigan Bancorp assets and Southern Michigan Bancorp free cash flow. View details of revenue and profits for Southern Michigan Bancorp for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
Southern Michigan Bancorp Net Sales or Revenues
Cost Of Goods Sold (COGS)-0.3M0.31M0.3M0.31M0.29M0.3M0.31M0.32M0.38M
Southern Michigan Bancorp Gross Profit
Research & Development Expense----------
Selling General & Admin Expense-4.83M5.04M4.48M4.72M4.61M4.66M4.58M4.65M4.53M
Income Before Depreciation Depletion Amortization-2.1M1.78M2.31M2.53M1.81M1.89M1.93M1.71M1.65M
Depreciation Depletion Amortization-0.06M0.08M0.06M0.06M0.07M0.07M0.07M0.07M0.07M
Non Operating Income----------
Interest Expense-0.12M0.12M0.12M0.08M0.08M0.09M0.07M0.07M0.07M
Southern Michigan Bancorp Pretax Income
Provision for Income Taxes-0.53M0.4M0.6M0.5M0.45M0.5M0.49M0.42M0.4M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M1.15M1.1M
Extraordinary Items & Discontinued Operations----------
Southern Michigan Bancorp Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS2.41M2.41M2.39M2.38M2.38M2.42M2.46M2.39M2.39M2.4M
Average Shares used to compute Basic EPS2.41M2.41M2.39M2.38M2.38M2.42M2.46M2.39M2.39M2.4M
Income Before Nonrecurring Items1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M1.15M1.1M
Income from Nonrecurring Items----------
Southern Michigan Bancorp Earnings Per Share Basic Net
Southern Michigan Bancorp Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.580.570.500.640.790.500.510.540.480.46
Preferred Dividends Acc Pd----------
Dividends Common0.43---------
Dividend Per Share Common0.180.160.16-0.310.
All figures in USD. M: Millions of USD, B: Billions of USD.

It is very helpful to read a report on Southern Michigan Bancorp stock analysis. An investor must check the following items in an income statement:
  • 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 $7.03M for 2016-Q2 as per this Southern Michigan Bancorp revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $7.03M - other expenses = $1.4M 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)
PS ratio (
price sales ratio
Net profit margin
Dividend yield