Southern Michigan Bancorp Q4 net income rises

Southern Michigan Bancorp

17/02/2026 12:48

Overview

U.S. bank holding company reported Q4 net income up 9.9% yr/yr

Company achieved 17.4% increase in 2025 net income compared to 2024

Loan growth of 14.1% and deposit growth of 13.2% in 2025

Outlook

Southern Michigan Bancorp did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

LOAN AND DEPOSIT GROWTH - Southern Michigan Bancorp reported loan growth of 14.1% and deposit growth of 13.2% in 2025, contributing to revenue increase

NET INTEREST MARGIN IMPROVEMENT - The company's annual net interest margin increased to 3.22% from 2.98% in 2024, aiding profitability

CREDIT QUALITY CHALLENGES - Provision for credit losses increased to $3,196,000 in 2025 from $1,014,000 in 2024, with non-performing loans rising to 0.98% of total loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.62
Q4 Net Income
$2.91 mln
Q4 Net Interest Income
$12.40 mln
Q4 Basic EPS
$0.63
Q4 Loan Loss Provision
$1.33 mln
Q4 Pretax Profit
$3.35 mln


Press Release: ID:nGNX8yTgd6

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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.)