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Stock impact report

Summit Financial Group Inc Reports Steady Growth Amidst Strategic Expansion [Yahoo! Finance]

Summit Financial Group, Inc. (SMMF) 
Last summit financial group, inc. earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Earnings Per Share (EPS) : EPS for Q4 2023 stood at $1.11, compared to $1.09 in Q3 2023 and $1.16 in Q4 2022. Net Interest Income : Increased by 18.7% year-over-year to $40.8 million in Q4 2023. Efficiency Ratio : Improved marginally to 47.33% in Q4 2023 from 47.15% in the linked quarter. Loan Portfolio : Total loans net of unearned fees grew by 19.4% to $3.7 billion as of December 31, 2023. Asset Quality : Net loan recoveries reported at $188,000 during Q4 2023, with allowance for loan credit losses at $48.1 million. Tangible Book Value Per Common Share (TBVPCS) : Increased by $1.67 to $23.89 during Q4 2023. Warning! GuruFocus has detected 5 Warning Signs with SMMF. On January 25, 2024, Summit Financial Group Inc ( NASDAQ:SMMF ) released its 8-K filing , detailing its financial results for the fourth quarter of 2023. The company, a prominent financial holding entity, operates through Summit Community Bank, Inc., offering a comprehensive suite of community banking servi Show less Read more
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