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

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$29.25 $0 (0%) SOMC stock closing price Dec 09, 2016 (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 QoQ revenue growth of $0.16M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The Southern Michigan Bancorp profit and loss statement for 2016-Q3 shows a profit of $1.66M. Profits have grown from $1.4M 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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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Southern Michigan Bancorp Net Sales or Revenues
7.19M7.03M7.24M7.1M7.1M7.58M6.74M6.82M6.83M6.7M
Cost Of Goods Sold (COGS)--0.3M0.31M0.3M0.31M0.29M0.3M0.31M0.32M
Southern Michigan Bancorp Gross Profit
--6.94M6.82M6.79M7.25M6.43M6.54M6.52M6.37M
Research & Development Expense----------
Selling General & Admin Expense--4.83M5.04M4.48M4.72M4.61M4.66M4.58M4.65M
Income Before Depreciation Depletion Amortization--2.1M1.78M2.31M2.53M1.81M1.89M1.93M1.71M
Depreciation Depletion Amortization--0.06M0.08M0.06M0.06M0.07M0.07M0.07M0.07M
Non Operating Income----------
Interest Expense--0.12M0.12M0.12M0.08M0.08M0.09M0.07M0.07M
Southern Michigan Bancorp Pretax Income
--1.91M1.59M2.12M2.38M1.66M1.74M1.78M1.57M
Provision for Income Taxes--0.53M0.4M0.6M0.5M0.45M0.5M0.49M0.42M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.66M1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M1.15M
Extraordinary Items & Discontinued Operations----------
Southern Michigan Bancorp Net Income (Profit/Loss)
1.66M1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M1.15M
Average Shares used to compute Diluted EPS2.4M2.41M2.41M2.39M2.38M2.38M2.42M2.46M2.39M2.39M
Average Shares used to compute Basic EPS2.4M2.41M2.41M2.39M2.38M2.38M2.42M2.46M2.39M2.39M
Income Before Nonrecurring Items1.66M1.4M1.37M1.19M1.52M1.88M1.21M1.25M1.29M1.15M
Income from Nonrecurring Items----------
Southern Michigan Bancorp Earnings Per Share Basic Net
0.690.580.570.500.640.790.500.510.540.48
Southern Michigan Bancorp Earnings Per Share Diluted Net
0.690.580.570.500.640.790.500.510.540.48
EPS Diluted Before Nonrecurring Items0.690.580.570.500.640.790.500.510.540.48
Preferred Dividends Acc Pd----------
Dividends Common0.430.43--------
Dividend Per Share Common0.180.180.160.16-0.310.150.150.150.13
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Southern Michigan Bancorp stock analysis. It helps to look at the following income statement items:
  • 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 Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $7.19M - other expenses = $1.66M 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)
12.5000
PS ratio (
price sales ratio
)
2.4580
Net profit margin
23.1
Dividend yield
2.32%