Southern Michigan Bancorp Annual Income Statement (OTCMKTS:SOMC)

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$33.5 $0 (0%) SOMC stock closing price Apr 21, 2017 (Closing)

Looking at financial statements, along with the Southern Michigan Bancorp stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $28.5M to $28.88M and how operating and non operating activities have impacted the SOMC stock. The Southern Michigan Bancorp profit and loss statement for 2016 shows a profit of $6.1M. Profits have grown from $5.8M YoY. Apart from this an investor should also check Southern Michigan Bancorp assets and Southern Michigan Bancorp free cash flow. Southern Michigan Bancorp revenue for 2016 is $28.88M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Southern Michigan Bancorp Net Sales or Revenues
28.88M28.5M26.92M27.15M27.17M26.47M27.92M29.11M32.34M27.81M
Cost Of Goods Sold (COGS)-1.21M1.31M1.85M2.32M3.14M3.77M4.67M6.99M7.75M
Southern Michigan Bancorp Gross Profit
-27.29M25.61M25.29M24.84M23.33M24.14M24.43M25.35M20.05M
Research & Development Expense----------
Selling General & Admin Expense-18.85M18.42M18.48M18.25M18.02M19.28M21.33M23.73M13.57M
Income Before Depreciation Depletion Amortization-8.43M7.18M6.81M6.59M5.3M4.86M3.1M1.62M6.48M
Depreciation Depletion Amortization-0.27M0.28M0.29M0.32M0.33M0.35M0.36M0.37M0.03M
Non Operating Income----------
Interest Expense-0.4M0.3M0.29M0.48M0.61M0.69M0.72M1.19M0.88M
Southern Michigan Bancorp Pretax Income
-7.75M6.6M6.22M5.78M4.36M3.81M2.01M0.05M5.56M
Provision for Income Taxes-1.95M1.81M1.72M1.43M0.95M0.72M0.07M-0.76M1.43M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations6.1M5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
Extraordinary Items & Discontinued Operations----------
Southern Michigan Bancorp Net Income (Profit/Loss)
6.1M5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
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
2.542.421.991.881.841.461.340.84--
EPS Diluted Before Nonrecurring Items2.542.421.991.881.841.461.340.84--
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.720.620.560.490.320.200.150.201.000.80
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:
  • Topline: A growing topline, as seen from the Southern Michigan Bancorp revenue chart, as is the case with Southern Michigan Bancorp indicates a growing business. One needs to compare the QoQ or YoY topline growth of SOMC stock with its peers like SBFG stock and PBBI stock to see if the growth compares well with what can be expected for a company in that industry.
  • 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 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)
13.1890
PS ratio (
price sales ratio
)
2.7607
Net profit margin
22.5
Dividend yield
2.15%