Southern Michigan Bancorp Revenue Chart (OTCMKTS:SOMC)
$34.6 $0 (0%) SOMC stock closing price Aug 18, 2017 (Closing)
The latest 2017-Q2 Southern Michigan Bancorp revenue is 7.63M. Compare Southern Michigan Bancorp revenue chart with Severn Bancorp revenue, FREEDOM BANK VA revenue.
Southern Michigan Bancorp Revenue Chart
You can do annual as well as quarterly comparisons of Southern Michigan Bancorp net sales with its competitor companies like Severn Bancorp, FREEDOM BANK VA. Over the 5 year period Southern Michigan Bancorp revenue in 2016 was highest at 28.88M. In the latest quarter, SOMC revenue 2017-Q2 has changed from 7.39M to 7.63M implying an increase of 3.25%.
Southern Michigan Bancorp Quarterly Revenue
* Past 5 years Range
|Max SOMC Revenue||$7.63M||Jun, 2017|
|Min SOMC Revenue||$6.58M||Mar, 2014|
Southern Michigan Bancorp Annual Revenue
* Past 5 years Range
|Max SOMC Revenue||$28.88M||Dec, 2016|
|Min SOMC Revenue||$26.92M||Dec, 2014|
Southern Michigan Bancorp Annual Revenue VS Peers
|Southern Michigan Bancorp Revenue||$28.88M||$28.5M||$26.92M||$27.15M||$27.17M|
|Severn Bancorp Revenue||$37.82M||$37.26M||$36.14M||$39.32M||$43.3M|
|Chemical Financial Corp. Revenue||$532.72M||$372M||$290.35M||$274.47M||$262.63M|
|Mercantile Bank Revenue||$139.49M||$128.36M||$99.14M||$65.11M||$67.91M|
|Community Shores Bank Revenue||$8.28M||$8.52M||$8.96M||$14.52M||$10.45M|
Southern Michigan Bancorp Stock Articles
Revenue, Sales, Turnover or net sales basically describes the Dollar value of transactions that result in incomes to a business as a result of business or operating activities during a specific period of time. Most often, this number is reported on a quarterly or annual basis. Since this features right at the top of an income statement, or profit and loss statement, also known as the statement of operations, the line item is also known as the ‘top line’ for a company. Other commonly used phrases include gross income and income from operations under IFRS. When you deduct expenses, costs and overheads, you arrive at the profit figure. For instance, when you net off Southern Michigan Bancorp revenue with Southern Michigan Bancorp expenses, the figure that you arrive at will be Southern Michigan Bancorp profit. This profit is also known as the bottom line due to its proximity to the bottom on the income statement. Growing top line numbers are a sign of financial health. That said, sales cannot be viewed on a standalone basis without considering profits, because ultimately, businesses are run with the aim of making profits after covering costs. Revenue can be calculated in two ways based on the type of accounting followed: accrual accounting or cashflow accounting. It’s a good exercise to to compare Southern Michigan Bancorp revenue with that of its peers. For instance, you can compare COMMNTY BCP VT topline, with HARLEYSVILLE FC topline, Chemical Financial Corp. topline, etc to assess how the company is doing with respect to its peers.