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- NasdaqGM:SSBI
Summit State Bank Third Quarter 2024 Earnings: EPS: US$0.093 (vs US$0.27 in 3Q 2023)
Summit State Bank (NASDAQ:SSBI) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$7.01m (down 26% from 3Q 2023).
- Net income: US$626.0k (down 66% from 3Q 2023).
- Profit margin: 8.9% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.093 (down from US$0.27 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Summit State Bank shares are down 15% from a week ago.
Risk Analysis
We should say that we've discovered 3 warning signs for Summit State Bank that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:SSBI
Summit State Bank
Provides various banking products and services to individuals and businesses primarily in Sonoma County, California.
Adequate balance sheet and fair value.
