Summit State Bank Reports 69% Increase in Net Income for First Quarter 2020 and Declaration of Dividend
Summit State Bank (SSBI)
US:NASDAQ Investor Relations:
summitstatebank.com/investors.php
Company Research
Source: GlobeNewswire
SANTA ROSA, Calif., April 27, 2020 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2020 of $2,415,000 and diluted earnings per share of $0.40. A quarterly dividend of $0.12 per share was declared for common shareholders. Dividend The Board of Directors declared a $0.12 per share quarterly dividend on April 27, 2020 to be paid on May 22, 2020 to shareholders of record on May 15, 2020. Net Income and Results of Operations For the quarter ended March 31, 2020, Summit State Bank (“Bank”) had net income of $2,415,000 and diluted earnings per share of $0.40 compared to $1,425,000 in net income and $0.23 diluted earnings per share for the same quarter in 2019. Net income increased $990,000 or 69% the first quarter of 2020 compared to first quarter of 2019. Net interest income increased to $6,525,000 in the first quarter of 2020 compared to $5,547,000 in the first quarter of 2019. “Summit spent the past three years implem
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- Summit State Bank (NASDAQ:SSBI) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Summit State Bank (NASDAQ:SSBI) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Summit State Bank (NASDAQ:SSBI) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Summit State Bank Earns $818,000, or $0.12 Per Diluted Share, in Third Quarter 2025GlobeNewswire
- Summit State Bank (NASDAQ:SSBI) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat