Summit State Bank Reports 77% Increase in Net Income for 2018 and Declaration of Dividend
Summit State Bank (SSBI)
US:NASDAQ Investor Relations:
summitstatebank.com/investors.php
Company Research
Source: GlobeNewswire
SANTA ROSA, Calif., Jan. 29, 2019 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) today reported net income for the year ended December 31, 2018, of $5,827,000 and diluted earnings per share of $0.96. 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 to be paid on February 26, 2019 to shareholders of record on February 19, 2019. Net Income and Results of Operations “We are in the third year of implementing Summit State Bank’s strategy to increase core deposits and loan volume and enhance earnings performance,” said Jim Brush, President and CEO. “We continue to invest in highly qualified staff and this has allowed Summit to remain well poised for deliberate growth of our business in key areas. We are not growing just for the sake of growth, we are growing our business with the future in mind and making measured decisions that yield results that have a positive, lasting
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News
- Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12 [Yahoo! Finance]Yahoo! Finance
- Summit State Bank Reports Net Income of $1.4 Million for First Quarter 2024; Declares Quarterly Cash Dividend of $0.12 Per Common ShareGlobeNewswire
- Pleasing Signs As A Number Of Insiders Buy Summit State Bank Stock [Yahoo! Finance]Yahoo! Finance
- Summit State Bank welcomes Dr. Frank Chong and James Finley to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Summit State Bank welcomes Dr. Frank Chong and James Finley to its Board of DirectorsGlobeNewswire