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 02Summit Financial declares $0.17 dividend
May 28Some 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 22Summit Financial reports Q4 results
Feb 01Is 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 11:44 |
| 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 here.
Analysis Model and Snowflake
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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 .
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 |