Summit Financial Group Future Growth

Future criteria checks 1/6

Summit Financial Group is forecast to grow earnings and revenue by 4% and 6.6% per annum respectively. EPS is expected to grow by 2.2% per annum. Return on equity is forecast to be 11.7% in 3 years.

Key information

4.0%

Earnings growth rate

2.2%

EPS growth rate

Banks earnings growth	7.3%
Revenue growth rate	6.6%
Future return on equity	11.7%
Analyst coverage	Low
Last updated	31 Jan 2024

Recent future growth updates

Recent updates

If EPS Growth Is Important To You, Summit Financial Group (NASDAQ:SMMF) Presents An Opportunity

Jun 08

Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29

Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18

Nov 23

Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 02

Summit Financial declares $0.17 dividend

May 28

Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This Year

May 14

If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late

May 07

How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?

Apr 02

Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

Mar 07

Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% Return

Feb 22

Summit Financial reports Q4 results

Feb 01

Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?

Jan 26

What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?

Dec 30

Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

Dec 09

Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)

Dec 06

Earnings and Revenue Growth Forecasts

NasdaqGS:SMMF - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	189	59	N/A	N/A	1
12/31/2024	181	59	N/A	N/A	1
12/31/2023	165	54	67	74	N/A
9/30/2023	158	53	67	72	N/A
6/30/2023	150	51	67	70	N/A
3/31/2023	145	55	N/A	N/A	N/A
12/31/2022	140	52	67	68	N/A
9/30/2022	136	50	66	68	N/A
6/30/2022	131	48	60	63	N/A
3/31/2022	129	46	58	61	N/A
12/31/2021	126	45	57	62	N/A
9/30/2021	122	43	57	61	N/A
6/30/2021	117	41	54	59	N/A
3/31/2021	110	37	44	51	N/A
12/31/2020	101	31	36	45	N/A
9/30/2020	96	29	29	39	N/A
6/30/2020	91	28	27	37	N/A
3/31/2020	93	29	28	39	N/A
12/31/2019	95	32	32	41	N/A
9/30/2019	93	31	31	40	N/A
6/30/2019	91	30	30	39	N/A
3/31/2019	86	28	35	39	N/A
12/31/2018	85	28	33	39	N/A
9/30/2018	84	23	32	37	N/A
6/30/2018	84	22	34	39	N/A
3/31/2018	85	21	23	28	N/A
12/31/2017	79	12	18	24	N/A
9/30/2017	75	14	N/A	22	N/A
6/30/2017	69	13	N/A	18	N/A
3/31/2017	62	12	N/A	24	N/A
12/31/2016	60	17	N/A	23	N/A
9/30/2016	58	17	N/A	21	N/A
6/30/2016	57	16	N/A	20	N/A
3/31/2016	57	16	N/A	22	N/A
12/31/2015	57	16	N/A	24	N/A
9/30/2015	56	15	N/A	26	N/A
6/30/2015	56	14	N/A	26	N/A
3/31/2015	54	13	N/A	26	N/A
12/31/2014	51	11	N/A	26	N/A
9/30/2014	49	10	N/A	26	N/A
6/30/2014	47	9	N/A	29	N/A
3/31/2014	46	8	N/A	28	N/A
12/31/2013	46	7	N/A	28	N/A
9/30/2013	44	7	N/A	26	N/A
6/30/2013	44	5	N/A	24	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMMF's forecast earnings growth (4% per year) is above the savings rate (2.3%).

Earnings vs Market: SMMF's earnings (4% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: SMMF's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMMF's revenue (6.6% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: SMMF's revenue (6.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SMMF's Return on Equity is forecast to be low in 3 years time (11.7%).

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Summit Financial Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 8.0% to US$23.00

Price target increased by 16% to US$25.00

Price target decreased by 29% to US$22.00

Consensus EPS estimates increase by 12%

Consensus EPS estimates increase by 16%

Price target increased to US$29.50

Recent updates

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.22 per share

Fourth quarter dividend of US$0.22 announced

Summit Financial Group, Inc. Declares Dividend for the First Quarter 2024, Payable on March 29, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Summit Financial Group, Inc. Announces Resignation of John H. Shott as Member of the Board of Director

Upcoming dividend of US$0.22 per share at 3.5% yield

Summit Financial Group, Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023

Price target decreased by 8.0% to US$23.00

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Summit Financial Group, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023

Independent Director recently bought US$343k worth of stock

Summit Financial Group, Inc. Announces Resignation of John W. Crites, as A Member of the Board of Directors

Upcoming dividend of US$0.22 per share at 3.6% yield

New major risk - Revenue and earnings growth

Summit Financial Group, Inc. Increases Quarterly Common Dividend, Payable on September 29, 2023

Price target increased by 16% to US$25.00

New minor risk - Shareholder dilution

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Summit Financial Group, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2023

If EPS Growth Is Important To You, Summit Financial Group (NASDAQ:SMMF) Presents An Opportunity

Upcoming dividend of US$0.20 per share at 3.8% yield

Summit Financial Group, Inc. Declares Dividend for the Second Quarter 2023, Payable on June 30, 2023

Executive VP & Chief Risk Officer recently bought US$59k worth of stock

Price target decreased by 29% to US$22.00

Independent Director recently bought US$199k worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.20 per share at 3.2% yield

Summit Financial Group, Inc. Reports Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Summit Financial Group, Inc. (NasdaqGS:SMMF) signed a definitive merger agreement to acquire PSB Holding Corp. (OTCPK:PSBP) for $51 million.

Summit Financial Group, Inc. (NasdaqGS:SMMF) signed a definitive merger agreement to acquire PSB Holding Corp. (OTCPK:PSBP) for $51 million.

Upcoming dividend of US$0.20 per share

Summit Financial Group, Inc. Declares Dividend for Fourth Quarter 2022, Payable on December 30, 2022

Summit Financial Group, Inc. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022

Third quarter 2022 earnings released: EPS: US$1.11 (vs US$0.93 in 3Q 2021)

Upcoming dividend of US$0.20 per share

Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Summit Financial Group, Inc. Increases Quarterly Dividend for the Third Quarter of 2022, Payable on September 30, 2022

Summit Financial raises dividend by 11% to $0.20

Summit Financial Group, Inc. Announces Net Loan Charge Offs for the Quarter Ended June 30, 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Summit Financial Q2 GAAP EPS, revenue up Y/Y

Upcoming dividend of US$0.18 per share

Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18

Summit Financial Group, Inc. Declares Second Quarter 2022 Dividend, Payable on June 30, 2022

Consensus EPS estimates increase by 12%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Summit Financial Group, Inc., Annual General Meeting, May 19, 2022

Upcoming dividend of US$0.18 per share

Full year 2021 earnings: EPS exceeds analyst expectations

Summit Financial Group, Inc. Declares First Quarter 2022 Dividend, Payable on March 31, 2022

Consensus EPS estimates increase by 16%

Price target increased to US$29.50

Full year 2021 earnings: EPS exceeds analyst expectations

Summit Financials: Reasonably Priced With Acquisition Upside

Upcoming dividend of US$0.18 per share

Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18

Third quarter 2021 earnings released

Insider exercised options to buy US$94k worth of stock.

Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year

Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.54 in 2Q 2020)

Upcoming dividend of US$0.17 per share

Summit Financial Group, Inc. Declares a Second Quarter 2021 Dividend Payable on June 30, 2021

Summit Financial declares $0.17 dividend

Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This Year

If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late

First quarter 2021 earnings released: EPS US$0.80 (vs US$0.35 in 1Q 2020)