Southern Michigan Bancorp, Inc. Announces Third Quarter 2024 Earnings

COLDWATER, Mich., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced third quarter net income of $2,586,000, or$0.57 per share, compared to net income of $2,767,000, or$0.61 per share, for the third quarter of 2023. For the first nine months of 2024, Southern earned $7,751,000 or$1.70 per share, compared with $8,468,000 or$1.86 per share, for the same nine-month period one year ago.   John R. Waldron, President and Chief Executive Officer of Southern Michigan Ba ...