Southern Michigan Bancorp Q3 net income up 16.7% to $3.02 mln

Southern Michigan Bancorp

29/10/2025 11:38

Overview

Southern Michigan Bancorp Q3 net income rises 16.7% yr/yr to $3.02 mln

Net interest income for Q3 increases to $12.08 mln

Company reports record levels in loans, deposits, and total assets

Outlook

Southern Michigan Bancorp did not provide specific future guidance

Result Drivers

MARKET EXPANSION - Co attributes record levels in loans, deposits, and total assets to expanding markets and investing in team

NET INTEREST INCOME - Increase in net interest income driven by higher loan interest and improved net interest margin

CREDIT LOSS PROVISION - Increase in provision for credit losses reflects cautious approach to potential loan defaults

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.65
Q3 Net Income
$3.01 mln
Q3 Net Interest Income
$12.08 mln
Q3 Basic EPS
$0.65
Q3 Loan Loss Provision
$1.20 mln
Q3 Pretax Profit
$3.52 mln


Press Release: ID:nGNXWF4GP

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)