Summit Bank Group Past Earnings Performance
Past criteria checks 2/6
Summit Bank Group has been growing earnings at an average annual rate of 11.1%, while the Banks industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 13.3% per year. Summit Bank Group's return on equity is 9.4%, and it has net margins of 23.7%.
Key information
11.1%
Earnings growth rate
8.5%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 13.3% |
| Return on equity | 9.4% |
| Net Margin | 23.7% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Summit Bank Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 42 | 10 | 21 | 0 |
| 30 Jun 24 | 40 | 9 | 21 | 0 |
| 31 Mar 24 | 39 | 9 | 21 | 0 |
| 31 Dec 23 | 38 | 9 | 21 | 0 |
| 30 Sep 23 | 40 | 11 | 18 | 0 |
| 30 Jun 23 | 40 | 12 | 18 | 0 |
| 31 Mar 23 | 40 | 13 | 18 | 0 |
| 31 Dec 22 | 39 | 14 | 18 | 0 |
| 30 Sep 22 | 38 | 13 | 16 | 0 |
| 30 Jun 22 | 37 | 12 | 16 | 0 |
| 31 Mar 22 | 35 | 11 | 16 | 0 |
| 31 Dec 21 | 34 | 11 | 16 | 0 |
| 30 Sep 21 | 33 | 11 | 13 | 0 |
| 30 Jun 21 | 31 | 10 | 13 | 0 |
| 31 Mar 21 | 28 | 9 | 13 | 0 |
| 31 Dec 20 | 26 | 8 | 13 | 0 |
| 30 Sep 20 | 23 | 6 | 13 | 0 |
| 30 Jun 20 | 23 | 5 | 13 | 0 |
| 31 Mar 20 | 23 | 5 | 13 | 0 |
| 31 Dec 19 | 23 | 6 | 13 | 0 |
| 30 Sep 19 | 22 | 6 | 10 | 0 |
| 30 Jun 19 | 21 | 6 | 10 | 0 |
| 31 Mar 19 | 20 | 6 | 10 | 0 |
| 31 Dec 18 | 19 | 6 | 10 | 0 |
| 30 Sep 18 | 18 | 4 | 8 | 0 |
| 30 Jun 18 | 17 | 4 | 8 | 0 |
| 31 Mar 18 | 16 | 4 | 8 | 0 |
| 31 Dec 17 | 15 | 3 | 8 | 0 |
| 30 Sep 17 | 14 | 3 | 6 | 0 |
| 30 Jun 17 | 13 | 3 | 6 | 0 |
| 31 Mar 17 | 13 | 3 | 6 | 0 |
| 31 Dec 16 | 12 | 3 | 6 | 0 |
| 30 Sep 16 | 12 | 3 | 6 | 0 |
| 30 Jun 16 | 11 | 3 | 6 | 0 |
| 31 Mar 16 | 11 | 3 | 6 | 0 |
| 31 Dec 15 | 11 | 3 | 6 | 0 |
| 30 Sep 15 | 10 | 3 | 4 | 0 |
| 30 Jun 15 | 10 | 3 | 4 | 0 |
| 31 Mar 15 | 9 | 3 | 4 | 0 |
| 31 Dec 14 | 9 | 2 | 4 | 0 |
| 30 Sep 14 | 9 | 2 | 4 | 0 |
| 30 Jun 14 | 8 | 2 | 4 | 0 |
| 31 Mar 14 | 7 | 2 | 4 | 0 |
| 31 Dec 13 | 7 | 1 | 4 | 0 |
Quality Earnings: SBKO has high quality earnings.
Growing Profit Margin: SBKO's current net profit margins (23.7%) are lower than last year (27.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SBKO's earnings have grown by 11.1% per year over the past 5 years.
Accelerating Growth: SBKO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SBKO had negative earnings growth (-10%) over the past year, making it difficult to compare to the Banks industry average (-12.2%).
Return on Equity
High ROE: SBKO's Return on Equity (9.4%) is considered low.