Southern Michigan Bancorp, Inc. Declares Cash Dividend
Southern Michigan Bancorp (OTC Pink: SOMC) declared a quarterly cash dividend of $0.16 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – SOMC
The recorded move for SOMC in the trading session of this news was +2.51%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
COLDWATER, Mich., Dec. 17, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) declared a quarterly dividend of
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
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