This company is no longer active
Summit Financial Group Balance Sheet Health
Financial Health criteria checks 6/6
Summit Financial Group has total assets of $4.6B and total equity of $454.3M. Total deposits are $3.7B, and total loans are $3.6B. It earns a Net Interest Margin of 3.8%. It has sufficient allowance for bad loans, which are currently at 0.6% of total loans. Cash and short-term investments are $92.5M.
Key information
10.2x
Asset to equity ratio
3.8%
Net interest margin
| Total deposits | US$3.75b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.6% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$92.46m |
Recent financial health 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 29Summit Financial raises dividend by 11% to $0.20
Aug 25Summit Financial Q2 GAAP EPS, revenue up Y/Y
Jul 28Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18
Jun 03Summit Financials: Reasonably Priced With Acquisition Upside
Jan 19Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18
Nov 23Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 02Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This Year
May 14If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late
May 07How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?
Apr 02Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend
Mar 07Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% Return
Feb 22Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?
Jan 26What 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 09Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)
Dec 06Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SMMF's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: SMMF has a sufficient allowance for bad loans (228%).
Low Risk Liabilities: 89% of SMMF's liabilities are made up of primarily low risk sources of funding.
Loan Level: SMMF has an appropriate level of Loans to Assets ratio (79%).
Low Risk Deposits: SMMF's Loans to Deposits ratio (97%) is appropriate.
Level of Bad Loans: SMMF has an appropriate level of bad loans (0.6%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/03 06:57 |
| End of Day Share Price | 2024/05/03 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Summit Financial Group, Inc. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Cary Morris | BB&T Capital Markets |
| Russell Elliott Gunther | D.A. Davidson & Co. |
| Stephen Moss | Janney Montgomery Scott LLC |