Southern Michigan Bancorp Inc (SOMC)
OTHER OTC:SOMC
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Southern Michigan Bancorp
(OTC:SOMC)
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Rating:73Outperform
Price Target:
$35.00
▲(47.37% Upside)
Action:Upgraded
Date:03/26/26
The score is driven primarily by solid financial performance (notably 2025 revenue and cash-flow improvement) and an attractive valuation (low P/E with a dividend). Technicals are supportive overall, though near-term momentum looks somewhat stretched due to a high stochastic reading.
Positive Factors
Revenue acceleration in 2025
A large, sustained revenue increase in 2025 indicates meaningful expansion of loan volumes or fee income, improving scale economics. This supports investment in branches/products, enhances fee diversification, and provides a stronger base to absorb credit cycles over the next several quarters.
Negative Factors
Margin compression versus prior years
Sustained margin decline reduces the bank's earnings buffer and return on assets, limiting capacity to fund growth or absorb credit shocks. If structural fee/pricing pressure persists, restoring past margin levels will require either cost reduction or higher-yielding asset growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration in 2025
A large, sustained revenue increase in 2025 indicates meaningful expansion of loan volumes or fee income, improving scale economics. This supports investment in branches/products, enhances fee diversification, and provides a stronger base to absorb credit cycles over the next several quarters.
Read all positive factors
Southern Michigan Bancorp (SOMC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$146.71M
Dividend Yield2.58%
Average Volume (3M)464.00
Price to Earnings (P/E)11.9
Beta (1Y)0.31
Revenue Growth11.56%
EPS Growth14.29%
CountryUS
Employees173
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.50
Shares Outstanding4,584,752
10 Day Avg. Volume819
30 Day Avg. Volume464
Financial Highlights & Ratios
PEG Ratio0.56
Price to Book (P/B)0.91
Price to Sales (P/S)1.19
P/FCF Ratio5.46
Enterprise Value/Market Cap1.30
Enterprise Value/Revenue2.72
Enterprise Value/Gross Profit3.10
Enterprise Value/Ebitda14.26
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Southern Michigan Bancorp Business Overview & Revenue Model
Company Description
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 governmenta...
How the Company Makes Money
Southern Michigan Bancorp makes money primarily through its bank subsidiary by generating net interest income and noninterest income. Net interest income is earned from the spread between interest and fees collected on loans and other interest-ear...
Southern Michigan Bancorp Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.11M | 93.17M | 48.56M | 46.81M | 51.51M | 46.15M |
| Gross Profit | 61.36M | 54.06M | 48.56M | 73.31M | 51.51M | 46.15M |
| EBITDA | 13.36M | 14.39M | 14.02M | 14.94M | 17.48M | 15.51M |
| Net Income | 11.52M | 12.21M | 10.40M | 10.90M | 13.49M | 11.76M |
Balance Sheet | ||||||
| Total Assets | 1.57B | 1.69B | 1.50B | 1.42B | 1.28B | 1.16B |
| Cash, Cash Equivalents and Short-Term Investments | 59.18M | 110.38M | 69.50M | 73.09M | 75.70M | 117.85M |
| Total Debt | 132.66M | 134.08M | 117.98M | 146.54M | 89.25M | 77.92M |
| Total Liabilities | 1.46B | 1.57B | 1.39B | 1.32B | 1.19B | 1.07B |
| Stockholders Equity | 113.71M | 121.48M | 107.22M | 97.83M | 86.16M | 97.75M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 20.26M | 2.85M | 7.90M | 8.36M | 9.90M |
| Operating Cash Flow | 0.00 | 22.11M | 7.84M | 16.24M | 13.19M | 13.68M |
| Investing Cash Flow | 0.00 | -157.40M | -76.58M | -141.57M | -179.38M | -148.72M |
| Financing Cash Flow | 0.00 | 175.92M | 66.36M | 119.69M | 124.06M | 154.82M |
Southern Michigan Bancorp Technical Analysis
Positive
23.75
Price Trends
28.46
Positive
26.75
Positive
25.32
Positive
Market Momentum
0.83
Negative
79.02
Negative
93.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SOMC, the sentiment is Positive. The current price of 23.75 is below the 20-day moving average (MA) of 30.15, below the 50-day MA of 28.46, and below the 200-day MA of 25.32, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 79.02 is Negative, neither overbought nor oversold. The STOCH value of 93.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SOMC.
Southern Michigan Bancorp Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $114.78M | 9.94 | 9.18% | 1.81% | 8.55% | 25.00% | |
73 Outperform | $146.71M | 11.90 | 10.68% | 2.58% | 11.56% | 14.29% | |
70 Outperform | $140.41M | 32.29 | 2.44% | 0.88% | 15.21% | 2015.08% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | $110.37M | 9.78 | 14.94% | 6.08% | 11.40% | 29.64% | |
58 Neutral | $113.19M | -26.88 | -2.73% | 1.51% | -11.57% | -191.02% | |
54 Neutral | $117.36M | 54.41 | 1.47% | ― | 23.30% | ― |
* Financial Sector Average
SOMC
Southern Michigan Bancorp
31.79
10.92
52.34%
MGYR
Magyar Bancorp
17.90
1.30
7.82%
RVSB
Riverview Bancorp
5.72
0.31
5.75%
UNB
Union Bankshares
24.74
0.18
0.74%
BSBK
Bogota Financial
9.13
1.45
18.88%
SRBK
SR Bancorp, Inc.
19.32
6.36
49.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.