Southern Michigan Bancorp Annual Income Statement (OTCMKTS:SOMC)

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$33.5 $0 (0%) SOMC stock closing price Jul 24, 2017 (Closing)

SOMC stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Southern Michigan Bancorp stock price. 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 is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the SOMC stock is bound to reflect the impact of the YoY growth of $0.38M. One also needs to look at Southern Michigan Bancorp assets, operating expenses and Southern Michigan Bancorp free cash flow. The profit and loss statement shows revenue of $28.88M for 2016. Revenue has grown by $0.38M YoY for SOMC stock. 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)1.28M1.21M1.31M1.85M2.32M3.14M3.77M4.67M6.99M7.75M
Southern Michigan Bancorp Gross Profit
27.59M27.29M25.61M25.29M24.84M23.33M24.14M24.43M25.35M20.05M
Research & Development Expense----------
Selling General & Admin Expense18.57M18.85M18.42M18.48M18.25M18.02M19.28M21.33M23.73M13.57M
Income Before Depreciation Depletion Amortization9.02M8.43M7.18M6.81M6.59M5.3M4.86M3.1M1.62M6.48M
Depreciation Depletion Amortization0.26M0.27M0.28M0.29M0.32M0.33M0.35M0.36M0.37M0.03M
Non Operating Income----------
Interest Expense0.53M0.4M0.3M0.29M0.48M0.61M0.69M0.72M1.19M0.88M
Southern Michigan Bancorp Pretax Income
8.23M7.75M6.6M6.22M5.78M4.36M3.81M2.01M0.05M5.56M
Provision for Income Taxes2.13M1.95M1.81M1.72M1.43M0.95M0.72M0.07M-0.76M1.43M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations6.09M5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
Extraordinary Items & Discontinued Operations----------
Southern Michigan Bancorp Net Income (Profit/Loss)
6.09M5.8M4.79M4.49M4.35M3.4M3.09M1.93M0.81M4.13M
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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The key things to look for in an income statement while doing Southern Michigan Bancorp stock analysis are:
  • 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, 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 $28.88M - other expenses = $6.09M 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)
13.0860
PS ratio (
price sales ratio
)
2.8272
Net profit margin
19.6
Dividend yield
2.27%