Southern Michigan Bancorp, Inc. Announces Third Quarter 2026 Earnings
Southern Michigan Bancorp reported Q3 2026 net income of $3,274,000, or $0.70 per share, up 8.45% from $3,019,000, or $0.65 per share, a year earlier. Management highlighted record deposits and total assets and a drop in non-performing assets to 0.28% of total assets, though net loan charge-offs jumped to $1.65 million for the first nine months from $29,000 a year ago.
Key figures
- Eps
- 0.7
- Revenue Yoy
- 0
- Total assets
- 1731016000
- Q3 net income
- 3274000
- Total deposits
- 1450925000
- Prior year q3 eps
- 0.65
- Roa annualized 9m26
- 0.76%
- Roe annualized 9m26
- 10.25%
- Npa pct total assets
- 0.28%
- Nine month net income
- 9667000
- Allowance pct of loans
- 1.14%
- Nine month eps diluted
- 2.06
- Prior year q3 net income
- 3019000
- Q3 net income yoy change
- +$255,000 / 8.45%
- Net loan charge offs 9m25
- 29000
- Net loan charge offs 9m26
- 1650000
- Allowance for credit losses
- 14270000
- Net interest margin tax equiv 9m26
- 3.33%
AI analysis
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