Southern Michigan Bancorp, Inc. Declares Cash Dividend

Rhea-AI Summary

Southern Michigan Bancorp (OTC Pink: SOMC) declared a quarterly cash dividend of $0.16 per share. The dividend is payable on January 23, 2026 to shareholders of record on January 9, 2026. The announcement states an annualized cash dividend of $0.64 per share, representing a 2.68% dividend yield based on a market price of $23.90 per share. Southern Michigan Bancorp is the bank holding company for Southern Michigan Bank & Trust and operates 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph counties, offering consumer, business, and wealth management services.

Positive

• Quarterly dividend of $0.16 per share
• Payable date set for January 23, 2026
• Record date January 9, 2026 for shareholder eligibility
• Annualized dividend of $0.64 per share (2.68% yield at $23.90)

Negative

• None.

News Market Reaction – SOMC

+2.51%

1 alert

+2.51% News Effect

On the day this news was published, SOMC gained 2.51%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

COLDWATER, Mich., Dec. 17, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of $0.16 per share on the outstanding shares of the corporation’s stock. The dividend is payable on January 23, 2026, to shareholders of record January 9, 2026. The annualized cash dividend of $0.64 per share represents a 2.68% dividend yield based on the current market price of $23.90 per share.

Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust. It operates 18 offices within Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph Counties providing a broad range of consumer, business, and wealth management services throughout the region. For more information, please visit the Southern Michigan Bank & Trust website, www.smb-t.com.

This press release contains forward-looking statements that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the financial services industry, the economy, and Southern Michigan Bancorp, Inc. Although we currently expect to continue to pay a quarterly cash dividend, each future dividend will be considered and declared by the board of directors in its discretion. Whether the board of directors continues to declare dividends depends on a number of factors, including our future financial condition and profitability. Forward-looking statements are based upon current beliefs and expectations and involve substantial risks, uncertainties, and assumptions (“risk factors”), which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. We undertake no obligation to update or revise our forward-looking statements to reflect developments that occur, or information obtained after the date of this report.

CONTACT: John Waldron, President & CEO
(517) 279-5500

FAQ

What dividend did Southern Michigan Bancorp (SOMC) declare on December 17, 2025?

Southern Michigan Bancorp declared a quarterly cash dividend of $0.16 per share on December 17, 2025.

When is the SOMC dividend payable and what is the record date?

The dividend is payable on January 23, 2026 to shareholders of record as of January 9, 2026.

What is the annualized dividend and yield for SOMC based on the announcement?

The annualized cash dividend is $0.64 per share, which represents a 2.68% yield based on a market price of $23.90 per share.

How many branches does Southern Michigan Bank & Trust operate and where is SOMC based?

Southern Michigan Bank & Trust operates 18 offices across Branch, Calhoun, Hillsdale, Jackson, Kalamazoo, and St. Joseph counties; the company is based in Coldwater, Michigan.

How does the SOMC dividend affect shareholders who buy shares on the record date?

Only shareholders of record on January 9, 2026 will receive the dividend payable on January 23, 2026.