Southern Michigan Bancorp Announces Q3 Earnings Per Share of 65 Cents, Up from 57 Cents Last Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
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Annualized Returns: The annualized return on average assets increased from 0.70% in 2024 to 0.79% in 2025, while the return on average equity rose from 10.18% to 11.00% in the same period.
Net Interest Margin: The tax equivalent net interest margin improved from 2.94% in 2024 to 3.21% in 2025.
CEO Statement: John Waldron, CEO, expressed satisfaction with the quarter's earnings and growth, highlighting record levels in loans, deposits, and total assets.
Market Expansion: The company's commitment to expanding markets and investing in its team contributed to its financial success during the quarter.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
