Southern Michigan Bancorp Revenue, Profits - SOMC Annual Income Statement

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$37.35 $0.15 (0.4%) SOMC stock closing price Feb 16, 2018 (Closing)

Financial analysis of Southern Michigan Bancorp involves more than just checking the Southern Michigan Bancorp stock price, by looking at the financial statements of the company in detail. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the SOMC income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 1.33% when compared to the same period in the past. The Southern Michigan Bancorp profit and loss statement for 2016 shows a net profit of $6.09M. Profits for last year was $5.8M. Apart from this an investor should also check Southern Michigan Bancorp assets and Southern Michigan Bancorp free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Southern Michigan Bancorp Revenues or Net Sales
28.88M28.5M26.92M27.15M27.17M26.47M27.92M29.11M32.34M
Cost Of Goods Sold (COGS)1.28M1.21M1.31M1.85M2.32M3.14M3.77M4.67M6.99M
Southern Michigan Bancorp Gross Profit
27.59M27.29M25.61M25.29M24.84M23.33M24.14M24.43M25.35M
Research & Development Expense---------
Selling General & Admin Expense18.57M18.85M18.42M18.48M18.25M18.02M19.28M21.33M23.73M
Income Before Depreciation Depletion Amortization9.02M8.43M7.18M6.81M6.59M5.3M4.86M3.1M1.62M
Depreciation Depletion Amortization---------
Non Operating Income---------
Interest Expense--------1.19M
Southern Michigan Bancorp Pretax Income
8.23M7.75M6.6M6.22M5.78M4.36M3.81M2.01M-
Provision for Income Taxes2.13M1.95M1.81M1.72M1.43M----0.76M
MinorityInterest---------
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations6.09M5.8M4.79M4.49M4.35M3.4M3.09M1.93M-
Extraordinary Items & Discontinued Operations---------
Southern Michigan Bancorp Profit/ Loss (Net Income)
6.09M5.8M4.79M4.49M4.35M3.4M3.09M1.93M-
Average Shares used to compute Diluted EPS2.4M2.4M2.41M2.39M2.36M2.33M2.31M2.31M-
Average Shares used to compute Basic EPS2.4M2.4M2.41M2.39M2.36M2.33M2.31M2.31M-
Income Before Nonrecurring Items6.1M5.81M4.79M4.5M4.35M3.4M3.1M1.94M-
Income from Nonrecurring Items---------
Southern Michigan Bancorp Earnings Per Share Basic Net
2.542.421.991.881.841.461.340.84-
Southern Michigan Bancorp Earnings Per Share Diluted Net
2.54M2.42M1.99M1.88M1.84M1.46M1.34M--
EPS Diluted Before Nonrecurring Items2.542.421.991.881.841.461.340.84-
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.720.620.560.490.320.200.150.201.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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Southern Michigan Bancorp stock analysis involves checking at least a few of the important things like:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Southern Michigan Bancorp revenue chart implies that the company is growing. It has been the case with Southern Michigan Bancorp. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales 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 $6.09M for SOMC stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the SOMC 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)
13.99
PS Ratio (price sales ratio)
2.79
Operating Margin
0
Net Profit Margin
21.1
Dividend Yield
2.17%