Southern Michigan Bancorp, Inc. (SOMC)
- GlobeNewswire
Southern Michigan Bancorp, Inc. Declares Cash Dividend
COLDWATER, Mich., Sept. 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.15 per share on the outstanding shares of the corporation’s stock. The dividend is payable on October 18, 2024, to shareholders of record October 9, 2024. The annualized cash dividend of $0.60 per share represents a 3.47% dividend yield based on the current market price of $17.29 per share. Southern Michigan Bancorp, Inc. is a bank ho
- GlobeNewswire
Southern Michigan Bancorp, Inc. Announces Second Quarter 2024 Earnings
COLDWATER, Mich., July 24, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced second quarter net income of $2,488,000, or $0.55 per share, compared to net income of $2,696,000, or $0.59 per share, for the second quarter of 2023. For the first six months of 2024, Southern earned $5,166,000 or $1.14 per share, compared with $5,701,000 or $1.25 per share, for the same six-month period one year ago. John R. Waldron, President and Chief Executive Officer of Southern M
