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Southern Michigan Bancorp, Inc. (SOMC)

Other OTC - Other OTC Delayed Price. Currency in USD
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16.67-0.88 (-5.01%)
At close: 03:46PM EDT
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  • GlobeNewswire

    Southern Michigan Bancorp, Inc. Announces Increase in Quarterly Dividend

    COLDWATER, Mich., March 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) approved an increase to the quarterly cash dividend that will be paid in April 2024. The $0.15 per share dividend is an increase of $0.01 per share over the January 2024 cash dividend payment of $0.14 per share. The dividend is payable on April 19, 2024 to shareholders of record April 5, 2024. The annualized cash dividend of $0.60 per share represents a 3.42% dividend y

  • GlobeNewswire

    Southern Michigan Bancorp, Inc. Announces Fourth Quarter and Full Year 2023 Earnings

    COLDWATER, Mich., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced fourth quarter 2023 net income of $2,437,000, or $0.54 per share, compared to net income of $3,584,000, or $0.79 per share, for the fourth quarter of 2022. Southern earned $10,905,000, or $2.40 per share, for the year ended December 31, 2023 compared to $13,491,000, or $2.97 per share, for the same period a year ago. Consolidated assets at December 31, 2023 totaled $1.41 billion compare

  • GlobeNewswire

    Southern Michigan Bancorp, Inc. Declares Cash Dividend

    COLDWATER, Mich., Dec. 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.14 per share on the outstanding shares of the corporation’s stock. The dividend is payable on January 19, 2024, to shareholders of record January 5, 2024. The annualized cash dividend of $0.56 per share represents a 3.70% dividend yield based on the current market price of $15.15 per share. Southern Michigan Bancorp, Inc. is a bank hol