Summit State Bank Past Earnings Performance
Past criteria checks 2/6
Summit State Bank has been growing earnings at an average annual rate of 24.2%, while the Banks industry saw earnings growing at 9.3% annually. Revenues have been growing at an average rate of 17% per year. Summit State Bank's return on equity is 14.4%, and it has net margins of 30%.
Key information
24.2%
Earnings growth rate
24.1%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 17.0% |
| Return on equity | 14.4% |
| Net Margin | 30.0% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
Recent updates
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Jul 29
Here's Why We Think Summit State Bank (NASDAQ:SSBI) Might Deserve Your Attention Today
Jul 19Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Apr 28Do Summit State Bank's (NASDAQ:SSBI) Earnings Warrant Your Attention?
Dec 15Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Jul 29Summit State Bank declares $0.12 dividend
Jul 26Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12
Apr 29Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12
Jan 28Summit State Bank's (NASDAQ:SSBI) Dividend Will Be US$0.12
Jul 30Summit State Bank's (NASDAQ:SSBI) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
May 07Summit State Bank reports Q1 results
Apr 27Does Summit State Bank's (NASDAQ:SSBI) Share Price Gain of 95% Match Its Business Performance?
Mar 15Why You Might Be Interested In Summit State Bank (NASDAQ:SSBI) For Its Upcoming Dividend
Feb 07
Are You An Income Investor? Don't Miss Out On Summit State Bank (NASDAQ:SSBI)
Feb 05Here's Why I Think Summit State Bank (NASDAQ:SSBI) Is An Interesting Stock
Jan 01Summit State Bank reports Q3 results
Oct 28Revenue & Expenses Breakdown
How Summit State Bank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 45 | 13 | 20 | 0 |
| 30 Jun 23 | 47 | 16 | 19 | 0 |
| 31 Mar 23 | 47 | 17 | 18 | 0 |
| 31 Dec 22 | 47 | 17 | 18 | 0 |
| 30 Sep 22 | 45 | 16 | 16 | 0 |
| 30 Jun 22 | 44 | 16 | 16 | 0 |
| 31 Mar 22 | 43 | 15 | 16 | 0 |
| 31 Dec 21 | 41 | 15 | 15 | 0 |
| 30 Sep 21 | 40 | 14 | 15 | 0 |
| 30 Jun 21 | 38 | 13 | 14 | 0 |
| 31 Mar 21 | 34 | 11 | 13 | 0 |
| 31 Dec 20 | 33 | 11 | 13 | 0 |
| 30 Sep 20 | 30 | 9 | 13 | 0 |
| 30 Jun 20 | 29 | 9 | 12 | 0 |
| 31 Mar 20 | 27 | 7 | 12 | 0 |
| 31 Dec 19 | 25 | 6 | 12 | 0 |
| 30 Sep 19 | 24 | 6 | 12 | 0 |
| 30 Jun 19 | 23 | 5 | 12 | 0 |
| 31 Mar 19 | 23 | 6 | 12 | 0 |
| 31 Dec 18 | 23 | 6 | 11 | 0 |
| 30 Sep 18 | 23 | 5 | 11 | 0 |
| 30 Jun 18 | 22 | 5 | 11 | 0 |
| 31 Mar 18 | 21 | 4 | 10 | 0 |
| 31 Dec 17 | 20 | 3 | 10 | 0 |
| 30 Sep 17 | 19 | 4 | 9 | 0 |
| 30 Jun 17 | 19 | 4 | 9 | 0 |
| 31 Mar 17 | 20 | 5 | 9 | 0 |
| 31 Dec 16 | 21 | 5 | 9 | 0 |
| 30 Sep 16 | 21 | 5 | 9 | 0 |
| 30 Jun 16 | 21 | 5 | 9 | 0 |
| 31 Mar 16 | 21 | 6 | 8 | 0 |
| 31 Dec 15 | 21 | 6 | 8 | 0 |
| 30 Sep 15 | 22 | 6 | 8 | 0 |
| 30 Jun 15 | 22 | 6 | 8 | 0 |
| 31 Mar 15 | 21 | 6 | 8 | 0 |
| 31 Dec 14 | 20 | 5 | 8 | 0 |
| 30 Sep 14 | 19 | 5 | 7 | 0 |
| 30 Jun 14 | 19 | 5 | 7 | 0 |
| 31 Mar 14 | 18 | 4 | 7 | 0 |
| 31 Dec 13 | 18 | 4 | 7 | 0 |
| 30 Sep 13 | 18 | 4 | 7 | 0 |
Quality Earnings: SSBI has high quality earnings.
Growing Profit Margin: SSBI's current net profit margins (30%) are lower than last year (35.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SSBI's earnings have grown significantly by 24.2% per year over the past 5 years.
Accelerating Growth: SSBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SSBI had negative earnings growth (-16.3%) over the past year, making it difficult to compare to the Banks industry average (-13.9%).
Return on Equity
High ROE: SSBI's Return on Equity (14.4%) is considered low.