Summit Bank Group, Inc. (SBKO)
Market Cap | 105.37M |
Revenue (ttm) | 46.02M |
Net Income (ttm) | 11.81M |
Shares Out | 7.72M |
EPS (ttm) | 1.51 |
PE Ratio | 9.04 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 200 |
Average Volume | 1,862 |
Open | 13.69 |
Previous Close | 13.65 |
Day's Range | 13.69 - 13.69 |
52-Week Range | 10.11 - 17.39 |
Beta | 0.17 |
RSI | 31.06 |
Earnings Date | Apr 17, 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 2024, Summit Bank Group's revenue was $44.59 million, an increase of 17.30% compared to the previous year's $38.02 million. Earnings were $11.31 million, an increase of 26.74%.
Financial StatementsNews
Summit Bank Q1 GAAP EPS of $0.37, revenue of $13.66M

Summit Bank Group Reports 2025 1st Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Q1 2025 Net Income of $2.93 million or $0.37 per fully diluted share; an increase of 20.2 percent over Q1 2024. Q1 2025 Net Income inc...

Summit Bank Announces Appointment of Steve Ritchie to Eugene & Springfield Advisory Board
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank is pleased to announce the appointment of Steve Ritchie, CPA, CFE, and Managing Partner at Kernutt Stokes, to its Eugene & Springfield Advisory Board. Ritchi...
Summit Bank GAAP EPS of $0.39, revenue of $51.98M

Summit Bank Group Reports 2024 4th Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Q4 2024 Net Income - $3.01 million or $0.39 per fully diluted share an increase of 78.7 percent over 4th quarter 2023. 2024 Fiscal Yea...
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...