Summit Financial Group, Inc.

NasdaqGS:SMMF Stock Report

Market Cap: US$377.4m

Summit Financial Group Management

Management criteria checks 4/4

Summit Financial Group's CEO is Charlie Maddy, appointed in Jan 1994, has a tenure of 30.33 years. total yearly compensation is $1.21M, comprised of 48% salary and 52% bonuses, including company stock and options. directly owns 0.76% of the company’s shares, worth $2.87M. The average tenure of the management team and the board of directors is 8.7 years and 15.6 years respectively.

Key information

Charlie Maddy

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage48.0%
CEO tenure30.3yrs
CEO ownership0.8%
Management average tenure8.7yrs
Board average tenure15.6yrs

Recent management updates

Recent updates

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

Jun 08
If EPS Growth Is Important To You, Summit Financial Group (NASDAQ:SMMF) Presents An Opportunity

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

Aug 29
Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Summit Financial raises dividend by 11% to $0.20

Aug 25

Summit Financial Q2 GAAP EPS, revenue up Y/Y

Jul 28

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

Jun 03
Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18

Summit Financials: Reasonably Priced With Acquisition Upside

Jan 19

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

Nov 23
Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18

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

Sep 02
Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year

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
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

May 07
If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late

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

Apr 02
How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?

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

Mar 07
Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

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

Feb 22
Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% Return

Summit Financial reports Q4 results

Feb 01

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

Jan 26
Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?

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

Dec 30
What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?

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

Dec 09
Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

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

Dec 06
Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)

CEO Compensation Analysis

How has Charlie Maddy's remuneration changed compared to Summit Financial Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

US$57m

Dec 31 2023US$1mUS$580k

US$54m

Sep 30 2023n/an/a

US$53m

Jun 30 2023n/an/a

US$51m

Mar 31 2023n/an/a

US$55m

Dec 31 2022US$1mUS$555k

US$52m

Sep 30 2022n/an/a

US$50m

Jun 30 2022n/an/a

US$48m

Mar 31 2022n/an/a

US$46m

Dec 31 2021US$1mUS$531k

US$45m

Sep 30 2021n/an/a

US$43m

Jun 30 2021n/an/a

US$41m

Mar 31 2021n/an/a

US$37m

Dec 31 2020US$947kUS$508k

US$31m

Sep 30 2020n/an/a

US$29m

Jun 30 2020n/an/a

US$28m

Mar 31 2020n/an/a

US$29m

Dec 31 2019US$1mUS$488k

US$32m

Sep 30 2019n/an/a

US$31m

Jun 30 2019n/an/a

US$30m

Mar 31 2019n/an/a

US$28m

Dec 31 2018US$1mUS$468k

US$28m

Sep 30 2018n/an/a

US$23m

Jun 30 2018n/an/a

US$22m

Mar 31 2018n/an/a

US$21m

Dec 31 2017US$879kUS$448k

US$12m

Compensation vs Market: Charlie's total compensation ($USD1.21M) is below average for companies of similar size in the US market ($USD2.40M).

Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.


CEO

Charlie Maddy (60 yo)

30.3yrs

Tenure

US$1,208,869

Compensation

Mr. H. Charles Maddy, III, also known as Charlie, is Director of Federal Home Loan Bank of Pittsburgh from January 1, 2023. He has been the President and Chief Executive Officer of Summit Financial Group,...


Leadership Team

NamePositionTenureCompensationOwnership
H. Maddy
Vice Chairman30.3yrsUS$1.21m0.76%
$ 2.9m
Robert Tissue
Executive VP & CFO26.3yrsUS$690.58k0.54%
$ 2.0m
Scott Jennings
Executive VP & COO23.6yrsUS$690.58k0.19%
$ 719.4k
Patrick Frye
Executive VP & Chief of Credit Administration20.4yrsUS$636.84k0.24%
$ 911.8k
Bradford Ritchie
Executive VP & President of Summit Community Bank12.3yrsUS$788.14k0.21%
$ 807.4k
Julie Markwood
Executive VP & Chief Accounting Officer2yrsno data0.12%
$ 440.3k
Teresa Ely
Company Secretaryno datano datano data
Danyl Freeman
Executive VP & Chief Human Resources Officer5yrsno data0.098%
$ 371.4k
Angela Zirk
Executive VP & Chief Experience Officerno datano data0.032%
$ 121.7k
Lauren Kimlel
Executive VP & Chief Banking Officer1.1yrsno data0.0084%
$ 31.7k
Joseph Hager
Executive VP & Chief Risk Officer1.6yrsno data0.036%
$ 137.0k
John Jividen
Senior VP & Trust Officer1.3yrsno datano data

8.7yrs

Average Tenure

54yo

Average Age

Experienced Management: SMMF's management team is seasoned and experienced (8.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
H. Maddy
Vice Chairman31.3yrsUS$1.21m0.76%
$ 2.9m
Oscar Bean
Independent Chairman of the Board37.3yrsUS$83.28k0.73%
$ 2.7m
James Cookman
Independent Director30.3yrsUS$23.25k0.18%
$ 687.2k
Gary Hinkle
Independent Director31.3yrsUS$27.20k3.57%
$ 13.5m
Charles Piccirillo
Independent Director26.3yrsUS$26.00k0.31%
$ 1.2m
James Geary
Independent Director17yrsUS$24.15kno data
Georgette George
Independent Director14.3yrsUS$23.90k1.74%
$ 6.6m
J. Bridgeforth
Independent Director13yrsUS$22.90k0.050%
$ 187.9k
Ronald Bowling
Independent Director4.3yrsUS$24.45k0.061%
$ 231.3k
Jason Kitzmiller
Independent Director6.3yrsUS$23.35k0.15%
$ 583.0k
Ronald Spencer
Independent Director4.3yrsUS$26.65k1.33%
$ 5.0m
Jill Upson
Independent Director2.5yrsUS$23.70k0.015%
$ 56.7k

15.6yrs

Average Tenure

67.5yo

Average Age

Experienced Board: SMMF's board of directors are seasoned and experienced ( 15.6 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/03 20:45
End of Day Share Price 2024/05/03 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Cary MorrisBB&T Capital Markets
Russell Elliott GuntherD.A. Davidson & Co.
Stephen MossJanney Montgomery Scott LLC