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

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$32.95 $1.8 (5.78%) SOMC stock closing price Jan 20, 2017 (Closing)

SOMC stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Southern Michigan Bancorp stock price. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $7.03M to $7.19M and how operating and non operating activities have impacted the SOMC stock. 2016-Q3 revenue is $7.19M and has increased from $7.03M quarter on quarter as is evident when you compare the latest figures in the latest Southern Michigan Bancorp profit and loss statement with those of the prior corresponding period. (See also: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)0.33M0.3M0.3M0.31M0.3M0.31M0.29M0.3M0.31M0.32M
Southern Michigan Bancorp Gross Profit
6.86M6.72M6.94M6.82M6.79M7.25M6.43M6.54M6.52M6.37M
Research & Development Expense----------
Selling General & Admin Expense4.44M4.64M4.83M5.04M4.48M4.72M4.61M4.66M4.58M4.65M
Income Before Depreciation Depletion Amortization2.43M2.08M2.1M1.78M2.31M2.53M1.81M1.89M1.93M1.71M
Depreciation Depletion Amortization0.07M0.06M0.06M0.08M0.06M0.06M0.07M0.07M0.07M0.07M
Non Operating Income----------
Interest Expense0.13M0.12M0.12M0.12M0.12M0.08M0.08M0.09M0.07M0.07M
Southern Michigan Bancorp Pretax Income
2.23M1.89M1.91M1.59M2.12M2.38M1.66M1.74M1.78M1.57M
Provision for Income Taxes0.57M0.49M0.53M0.4M0.6M0.5M0.45M0.5M0.49M0.42M
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 Common0.43---------
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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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:
  • 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 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)
14.0810
PS ratio (
price sales ratio
)
2.7689
Net profit margin
23.1
Dividend yield
2.06%