Southern Michigan Bancorp, Inc. (SOMC)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 40 | 46 | 52 | 47 | 49 | 57 | 60 | - |
| Operating profit | $m | 14 | 15 | ||||||
| Net profit | $m | 7 | 12 | 13 | 11 | 10 | 12 | 12 | - |
| EPS reported | $ | 2.63 | 2.64 | ||||||
| Operating cashflow per share | $ | 4.80 | 0.00 | ||||||
| Capex per share | $ | 0.40 | 0.00 | ||||||
| FCF per share | $ | 4.40 | 0.00 | ||||||
| Free cash flow | $m | 20 | 0 | ||||||
| Net debt | $m | 24 | 52 | ||||||
| Book value equity | $m | 121 | 126 | ||||||
| Book value per share | $ | 26.16 | 26.99 | ||||||
| Number of shares | m | 4.64 | 4.68 | ||||||
| DPS (TTM paid) | $ | 0.63 | 0.83 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 9.13 | 11.30 | ||||||
| P/B LTM | x | 0.91 | 0.88 | ||||||
| P/S LTM | x | 1.93 | 1.86 | ||||||
| P/FCF LTM | x | 5.46 | 0.00 | ||||||
| EV/EBITDA LTM | x | 9.40 | 9.32 | ||||||
| EV/Sales LTM | x | 1.45 | 2.16 | ||||||
| Earnings Yield LTM | % | +10.95% | +8.85% | ||||||
| FCF Yield | % | +18.30% | 0.00% | ||||||
| Quality | |||||||||
| ROE | % | +10.06% | +10.48% | ||||||
| ROIC | % | +0.72% | +0.80% | ||||||
| Operating margin | % | +15.45% | +18.51% | ||||||
| Gross margin | % | +58.02% | +64.37% | ||||||
| FCF/Sales | % | +21.74% | 0.00% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +15.35% | +15.79% | ||||||
| Sales Growth YoY | % | +17.90% | +22.68% | ||||||
| Net Income Growth YoY | % | +17.43% | +18.48% | ||||||
| FCF Growth | % | +610.31% | -100.00% | ||||||
| Operating Profit Growth | % | -11.92% | -11.14% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.63% | +2.15% | ||||||
| Dividend Growth | % | +6.78% | +40.68% | ||||||
| Payout Ratio | % | +23.81% | 0.00% | ||||||
| FCF/Debt | x | 0.15 | 0.00 | ||||||
| Net Debt/EBITDA | x | 1.71 | 3.13 | ||||||
| EBIT/Net interest | x | 0.40 | 0.58 | ||||||
| Net debt/market cap | % | +1.21% | +95.11% | ||||||
| Net debt/Equity | x | 0.20 | 0.41 | ||||||
| Gross debt/equity | x | 1.10 | 1.06 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, delivering a comprehensive array of commercial banking solutions. These services cater to individuals, businesses, institutions, and governmental agencies, predominantly within southwest Michigan communities. Its diverse deposit offerings encompass interest-bearing and non-interest checking accounts, various savings and money market accounts, time, savings, and demand deposits, as well as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The company extends various lending solutions. For consumers, these include home mortgages, equity loans, home equity lines of credit (HELOCs), auto and personal loans, and both direct and indirect financing for residential property and consumer goods. Business clients can access lines of credit, term loans, commercial real estate, commercial and industrial loans, agriculture loans, letters of credit, Small Business Administration (SBA) loans, capital access loans, and specific financing for industrial, construction, real estate, and inventory needs. Additionally, the institution provides a suite of trust and investment services, such as investment management, trustee services, IRA rollovers, retirement plan administration, institutional and personal custody, estate settlement, wealth management, and advisory support for estate and wealth transfer planning and charitable giving. Safe deposit boxes and automated teller machines (ATMs) are also available. Furthermore, customers benefit from modern banking conveniences including online and mobile banking, bill payment, e-statements, Health Savings Accounts (HSAs), ACH services, wire transfers, remote deposit capture, insurance, and merchant services. The bank also issues ATM, debit, credit, and gift cards. Established in 1871 and headquartered in Coldwater, Michigan, Southern Michigan Bancorp, Inc. maintained 13 operational branches as of March 23, 2022, spread across Branch, Calhoun, Hillsdale, Kalamazoo, and St. Joseph Counties.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Southern Michigan Bancorp, Inc. (SOMC)
No price history available.
Not enough data to calculate KvantraRank
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Southern Michigan Bancorp, Inc. serves as the bank holding company for Southern Michigan Bank & Trust, delivering a comprehensive array of commercial banking solutions. These services cater to individuals, businesses, institutions, and governmental agencies, predominantly within southwest Michigan communities. Its diverse deposit offerings encompass interest-bearing and non-interest checking accounts, various savings and money market accounts, time, savings, and demand deposits, as well as Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs). The company extends various lending solutions. For consumers, these include home mortgages, equity loans, home equity lines of credit (HELOCs), auto and personal loans, and both direct and indirect financing for residential property and consumer goods. Business clients can access lines of credit, term loans, commercial real estate, commercial and industrial loans, agriculture loans, letters of credit, Small Business Administration (SBA) loans, capital access loans, and specific financing for industrial, construction, real estate, and inventory needs. Additionally, the institution provides a suite of trust and investment services, such as investment management, trustee services, IRA rollovers, retirement plan administration, institutional and personal custody, estate settlement, wealth management, and advisory support for estate and wealth transfer planning and charitable giving. Safe deposit boxes and automated teller machines (ATMs) are also available. Furthermore, customers benefit from modern banking conveniences including online and mobile banking, bill payment, e-statements, Health Savings Accounts (HSAs), ACH services, wire transfers, remote deposit capture, insurance, and merchant services. The bank also issues ATM, debit, credit, and gift cards. Established in 1871 and headquartered in Coldwater, Michigan, Southern Michigan Bancorp, Inc. maintained 13 operational branches as of March 23, 2022, spread across Branch, Calhoun, Hillsdale, Kalamazoo, and St. Joseph Counties.
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