How has Summit Financial Group performed over the past 5 years?
18.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMMF has high quality earnings.
Growing Profit Margin: SMMF's current net profit margins (31%) are lower than last year (34.3%).
Past Earnings Growth Analysis
Earnings Trend: SMMF's earnings have grown by 18.3% per year over the past 5 years.
Accelerating Growth: SMMF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMMF had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Banks industry average (0.5%).
Return on Equity
High ROE: SMMF's Return on Equity (11.1%) is considered low.
How experienced are the management team and are they aligned to shareholders interests?
18.8yrs
Average management tenure
CEO
Charlie Maddy (57 yo)
27.17yrs
Tenure
US$1,140,714
Compensation
Mr. H. Charles Maddy, III, also known as Charlie has been the President and Chief Executive Officer of Summit Financial Group Inc. ("Group") since 1994. Mr. Maddy has been Chief Executive Officer of Summit...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD1.14M) is about average for companies of similar size in the US market ($USD1.47M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
Leadership Team
Name
Position
Tenure
Compensation
Ownership
H. Maddy
Vice Chairman
27.17yrs
US$1.14m
0.83% $ 2.6m
Robert Tissue
Executive VP & CFO
23.17yrs
US$601.11k
0.58% $ 1.8m
Scott Jennings
Executive VP & COO
20.42yrs
US$1.01m
0.18% $ 552.1k
Patrick Frye
Executive VP & Chief of Credit Administration
17.25yrs
US$537.18k
0.30% $ 939.8k
Bradford Ritchie
Senior VP & President of Summit Community Bank
9.17yrs
US$569.08k
0.18% $ 564.0k
Julie Markwood
Senior VP & Chief Accounting Officer
no data
no data
0.11% $ 343.3k
Teresa Ely
Executive Assistant to President & CEO and Director of Shareholder Relations
no data
no data
no data
Danyl Freeman
Senior VP & Chief Human Resources Officer
no data
no data
no data
Patricia Owens
Executive Vice President & Chief Banking Officer
no data
no data
0.044% $ 136.2k
Lorraine Brisell
Market President
1.17yrs
no data
no data
18.8yrs
Average Tenure
57yo
Average Age
Experienced Management: SMMF's management team is seasoned and experienced (18.8 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
H. Maddy
Vice Chairman
27.17yrs
US$1.14m
0.83% $ 2.6m
Oscar Bean
Independent Chairman of the Board
26.17yrs
US$74.74k
0.81% $ 2.5m
Dewey Bensenhaver
Independent Director
21.08yrs
US$15.40k
0.33% $ 1.0m
James Cookman
Independent Director
27.17yrs
US$16.00k
0.20% $ 633.2k
Gary Hinkle
Independent Director
28.17yrs
US$20.95k
3.86% $ 12.1m
Charles Piccirillo
Independent Director
23.17yrs
US$19.75k
0.27% $ 859.8k
John Shott
Independent Director
3.92yrs
US$16.60k
0.075% $ 234.5k
James Geary
Independent Director
13.83yrs
US$17.55k
no data
Georgette George
Independent Director
11.08yrs
US$18.75k
1.23% $ 3.8m
J. Bridgeforth
Independent Director
9.83yrs
US$17.10k
0.056% $ 176.6k
John Gianola
Independent Director
4.25yrs
US$19.80k
0.025% $ 77.6k
John Crites
Independent Director
4.83yrs
US$19.20k
no data
12.5yrs
Average Tenure
65.5yo
Average Age
Experienced Board: SMMF's board of directors are seasoned and experienced ( 12.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMMF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Top Shareholders
Company Information
Summit Financial Group, Inc.'s company bio, employee growth, exchange listings and data sources
Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in ...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2021/03/05 23:23
End of Day Share Price
2021/03/05 00:00
Earnings
2020/12/31
Annual Earnings
2020/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.