Summit Bank Group, Inc. (SBKO)
| Market Cap | 114.40M |
| Revenue (ttm) | 42.08M |
| Net Income (ttm) | 9.97M |
| Shares Out | 7.68M |
| EPS (ttm) | 1.28 |
| PE Ratio | 11.63 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 700 |
| Open | 14.92 |
| Previous Close | 15.00 |
| Day's Range | 14.90 - 14.98 |
| 52-Week Range | 10.11 - 17.39 |
| Beta | 0.38 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 24, 2025 |
About Summit Bank Group
Summit Bank Group, Inc. operates as the bank holding company for Summit Bank that provides commercial banking, financing, real estate lending, and other services to personal and business customers in Oregon. It accepts various deposit products; certificate of deposit and money market accounts; and offers loan products, including commercial real estate, multi-family real estate, commercial and industrial, and secured and unsecured consumer loans, as well as real estate acquisition, development, and construction loans. The company also provides r... [Read more]
Financial Performance
In 2023, Summit Bank Group's revenue was $38.02 million, a decrease of -3.37% compared to the previous year's $39.34 million. Earnings were $8.92 million, a decrease of -34.18%.
Financial StatementsNews
Summit Bank launches inaugural $1M stock buyback program
Summit Bank Group (SBKO) has announced its inaugural $1 million stock repurchase program, set to commence on or after November 20, 2024. This marks the company's first such initiative
Summit Bank Group, Inc. Announces Adoption of Repurchase Program
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group, Inc. (the “Company”) (OTC Pink: SBKO), the holding company for Summit Bank, announced it has adopted a program to repurchase up to $1,000,000 worth of...
Summit Bank GAAP EPS of $0.41, revenue of $13.05M
Summit Bank Group Reports 2024 3rd Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Q3 2024 Net Income - $3.17 million or $0.41 per fully diluted share, up 29.7 percent over Q3 2023. 2024 Year to Date Net Income - $8.3...
Summit Bank Group Reports 2024 2nd Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Q2 2024 Net Income - $2.7 million or $0.35 per fully diluted share, an increase of $223 thousand or $0.03 per share over the same peri...
Summit Bank Group Reports 2024 1st Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)-- #businessbanking--Summit Bank Group (OTC Pink: SBKO) Q1 2024 Net Income - $2.4 million or $0.31 per fully diluted share. Q1 2024 Net Income increased from $0.30 per sha...
Summit Bank Announces Strategic Leadership Transition and New Role Creation
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO), a leading financial institution, is proud to announce a transition in its leadership team, marking a pivotal moment in its history. A...
Summit Bank: Celebrating 20 Years of Serving Oregon Communities
EUGENE, Ore.--(BUSINESS WIRE)--Today marks a significant milestone for Summit Bank, Oregon's premier community business bank, as it celebrates its 20th anniversary. Founded in 2004, Summit Bank opened...
Summit Bank Group Reports 2023 Year and 4th Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Fiscal year 2023 Net Income - $8.92 million or $1.15 per fully diluted share. Q4 2023 Net Income - $1.68 million or $0.22 per fully di...
Summit Bank Group Reports 2023 3rd Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO): Q3 2023 Net Income - $2.44 million or $0.32 per fully diluted share equaling Q2 2023 and a $0.02 or 6.7 percent improvement over Q1 2...
Summit Bank's Chris Hemmings Appointed Board Chair for FOOD For Lane County
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank is pleased to announce that Chris Hemmings, Chief Operating Officer, has been appointed as the Board Chair for FOOD For Lane County, a leading non-profit org...
Summit Bank Achieves Top Position as Number One Small Business Administration (SBA) 7(a) Lender in Oregon
EUGENE, Ore.--(BUSINESS WIRE)--The United States Small Business Association data is in and Summit Bank has achieved the number one position in the State of Oregon as the Small Business Administration ...
Summit Bank Group Reports 2023 2nd Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO): Q2 2023 Net Income - $2.48 million or $0.32 per fully diluted share. Increase of 6.9 percent over Q1 2023 Cash and securities total $...
Summit Bank Group Reports 2023 1st Quarter Earnings and Record Asset Size
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Reported record asset-size of $1.08 billion, up 16.0 percent over Q1 2022 Cash and securities totaled $291.4 million – 27 percent of t...
Summit Bank Acquires New Building in Redmond, Oregon
EUGENE, Ore.--(BUSINESS WIRE)--Craig Wanichek, President and Chief Executive Officer of Summit Bank (OTC PINK: SBKO), announced today that the Oregon-based business bank acquires a new bank building i...
Summit Bank Announces New Office in Westside of Portland
PORTLAND, Ore.--(BUSINESS WIRE)--Craig Wanichek, President and Chief Executive Officer of Summit Bank (OTC PINK: SBKO), announced today that the Oregon-based business bank is growing its presence in...
Summit Bank Announces Jamie Moffitt Has Joined the Board of Directors
EUGENE, Ore.--(BUSINESS WIRE)--Craig Wanichek, president and chief executive officer of Summit Bank (OTC Pink: SBKO), announced today that Jamie Moffitt, senior vice president for finance and admini...
Summit Bank Group Reports Record 2022 4th Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO):
Summit Bank Recognized as the 2022 Top Community Bank Lender in Oregon & SBA Program Administrator Ashley Horner Announced as NAGGL Board of Director
Results are in for U.S. Small Business Administration (SBA) loans in Oregon, and Summit Bank continues to lead the way. Lending year-end totals reported in September by the SBA Portland District Offic...
Summit Bank Welcomes Megan Moreland as Business Client Advisor
EUGENE, Ore.--(BUSINESS WIRE)--Jenny Bennett, Market President for Summit Bank (OTC Pink: SBKO), announced today that Megan Moreland has joined the Eugene & Springfield Lending team as a Business Clie...
Summit Bank Adds Long-Time Commercial Banker for Central Oregon Office
BEND, Ore.--(BUSINESS WIRE)--Gary O'Connell, Market President for Summit Bank (OTC Pink: SBKO), announced today that Zak Sundsten has been hired as Senior Vice President, Business Client Advisor for t...
Summit Bank Welcomes Veteran Portland Banker Jackie Costello
PORTLAND, Ore.--(BUSINESS WIRE)--Brian Thomas, Commercial Banking Team Leader for Summit Bank (OTC Pink: SBKO), announced today that Jackie Costello has been hired as Vice President, Business Client A...
Summit Bank Adds Two Seasoned Lenders to Portland Team
PORTLAND, Ore.--(BUSINESS WIRE)--Brian Thomas, Commercial Banking Team Leader for Summit Bank (OTC Pink: SBKO), announced today that Joshua Adams has been hired as Senior Vice President, Commercial Ba...
Summit Bank Group Reports 2022 2nd Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO): Q2 2022 Net Income - $3.4 million or $0.44 per fully diluted share Year to date Net Income - $6.1 million or $0.80 per fully diluted ...