Summit State Bank Reports Net Income of $10.8 Million for the Year 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share [Yahoo! Finance]
Summit State Bank (SSBI)
US:NASDAQ Investor Relations:
summitstatebank.com/investors.php
Company Research
Source: Yahoo! Finance
of $10,822,000, or $1.62 per diluted share, a decrease of $6,146,000, or 36%, compared to net income of $16,968,000, or $2.54 per diluted share for the year ended December 31, 2022. For the fourth quarter ended December 31, 2023, net income was $1,901,000, or $0.28 per diluted share, compared to $4,553,000 or $0.68 per diluted share, for the fourth quarter ended December 31, 2022. The Board of Directors declared a quarterly cash dividend of $0.12 per share on January 29, 2024. The quarterly dividend will be paid on February 15, 2024 to shareholders of record on February 8, 2024. “We closed out the year with solid operating results despite the challenges across the entire banking industry,” said Brian Reed, President and CEO. “The persistently high interest rate environment continued to impact net interest income growth with higher interest expense on deposits and borrowings, which affected our operating performance for the fourth quarter and the full year 2023. However, we continu
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News
- 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
- Summit State Bank (NASDAQ:SSBI) Will Pay A Dividend Of $0.12 [Yahoo! Finance]Yahoo! Finance
- Summit State Bank Reports Net Income of $10.8 Million for the Year 2023; Declares Quarterly Cash Dividend of $0.12 Per Common ShareGlobeNewswire