Southern Michigan Bancorp, Inc.

Southern Michigan Bancorp, Inc.verified

SOMC

Price:

$19.25

Market Cap:

$88.26M

Southern Michigan Bancorp, Inc. operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs. The company also provides home mortgages and equity loans, home equity line of credit, and auto/personal loans; business loans, such as lines of credit, term loans, commercial real estate loans, commercial and industrial loans, agricu...[Read more]

Industry

Banks - Regional

IPO Date

1999-04-26

Stock Exchange

PNK

Ticker

SOMC

The ROE as of December 2024 (TTM) for Southern Michigan Bancorp, Inc. (SOMC) is 10.01%

According to Southern Michigan Bancorp, Inc.’s latest financial reports and current stock price. The company's current ROE is 10.01%. This represents a change of 299.69% compared to the average of 2.51% of the last 4 quarters.

Southern Michigan Bancorp, Inc. (SOMC) Historical ROE (quarterly & annually)

How has SOMC ROE performed in the past?

The mean historical ROE of Southern Michigan Bancorp, Inc. over the last ten years is 10.08%. The current 10.01% ROE has changed -0.67% with respect to the historical average. Over the past ten years (40 quarters), SOMC's ROE was at its highest in in the September 2022 quarter at 4.43%. The ROE was at its lowest in in the December 2017 quarter at 1.06%.

Quarterly (TTM)
Annual

Average

10.08%

Median

9.52%

Minimum

7.74%

Maximum

15.66%

Southern Michigan Bancorp, Inc. (SOMC) ROE by Quarter and Year

Discovering the peaks and valleys of Southern Michigan Bancorp, Inc. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 51.41%

Maximum Annual ROE = 15.66%

Minimum Annual Increase = -28.81%

Minimum Annual ROE = 7.74%

Quarterly (TTM)
Annual
YearROEChange
202311.15%-28.81%
202215.66%30.18%
202112.03%51.41%
20207.94%-23.21%
201910.34%-3.84%
201810.76%38.99%
20177.74%-10.97%
20168.69%1.48%
20158.57%7.91%
20147.94%0.28%

Southern Michigan Bancorp, Inc. (SOMC) Average ROE

How has SOMC ROE performed in the past?

The current ROE of Southern Michigan Bancorp, Inc. (SOMC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.94%

5-year avg

11.42%

10-year avg

10.08%

Southern Michigan Bancorp, Inc. (SOMC) ROE vs. Peers

How is SOMC’s ROE compared to its peers?

Southern Michigan Bancorp, Inc.’s ROE is less than FS Bancorp (13.42%), less than Eastern Michigan Financial Corporation (14.93%), less than Sturgis Bancorp, Inc. (0.96%), greater than Grand River Commerce, Inc. (-8.84%), less than Bank of Botetourt (10.03%), less than Century Financial Corporation (16.56%), greater than Keweenaw Financial Corporation (0%), less than Bank of Utica (6.09%), less than Killbuck Bancshares, Inc. (16.37%), less than CNB Corporation (32.36%), less than Village Bank and Trust Financial Corp. (10.31%), less than United Bancorporation of Alabama, Inc. (11.71%), less than Wintrust Financial Corporation (11.12%), less than Associated Banc-Corp (4.56%), less than Home Federal Bancorp, Inc. of Louisiana (6.25%), less than Lake Shore Bancorp, Inc. (4.82%), less than HMN Financial, Inc. (4.89%), less than Oak Valley Bancorp (14.38%), less than Cullman Bancorp, Inc. (3.60%),

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