Summit Bank Group, Inc. (SBKO)

Model N Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	75.32	72.31	58.74	40.91	33.93	29.36
Interest Income on Investments	5.88	5.88	6.48	4.54	0.53	0.39
Total Interest Income	81.2	78.19	65.22	45.45	34.46	29.75
Interest Paid on Deposits	27.1	27.25	18.75	4.21	0.65	1.34
Net Interest Income	54.09	50.94	46.47	41.24	33.81	28.41
Net Interest Income Growth (YoY)	11.22%	9.60%	12.68%	22.00%	18.98%	19.56%
Other Non-Interest Income	2.23	2.42	2.21	2.72	1.77	1.39
Total Non-Interest Income	0.85	1.05	0.51	2.76	1.95	1.73
Non-Interest Income Growth (YoY)	9.59%	105.99%	-81.60%	41.56%	12.89%	-5.35%
Revenues Before Loan Losses	54.94	51.98	46.98	44	35.76	30.14
Provision for Loan Losses	7.35	7.39	8.97	4.66	2.21	3.78
Revenue	47.59	44.59	38.02	39.34	33.55	26.36
Revenue Growth (YoY)	17.95%	17.30%	-3.37%	17.26%	27.28%	16.71%
Salaries and Employee Benefits	19.46	19.46	16.91	14.98	13.25	10.84
Occupancy Expenses	1.45	1.45	1.09	0.85	0.83	0.77
Selling, General & Administrative	3.48	3.48	3.12	2.34	1.89	1.71
Other Non-Interest Expense	6.41	4.98	4.53	3.05	2.91	2.15
Total Non-Interest Expense	31	29.57	25.8	21.31	18.95	15.69
EBT Excluding Unusual Items	16.59	15.02	12.22	18.03	14.6	10.66
Pretax Income	16.59	15.02	12.22	18.03	14.6	10.66
Income Tax Expense	4.16	3.72	3.3	4.48	3.73	2.73
Net Income	12.44	11.31	8.92	13.55	10.87	7.93
Net Income to Common	12.44	11.31	8.92	13.55	10.87	7.93
Net Income Growth	34.51%	26.74%	-34.18%	24.68%	37.03%	41.17%
Basic Shares Outstanding	8	8	8	8	8	7
Diluted Shares Outstanding	8	8	8	8	8	7
Shares Change (YoY)	0.65%	0.45%	0.60%	0.96%	6.46%	9.62%
EPS (Basic)	1.61	1.47	1.16	1.78	1.44	1.11
EPS (Diluted)	1.59	1.45	1.15	1.76	1.42	1.10
EPS Growth	33.56%	26.09%	-34.66%	23.94%	29.09%	28.51%
Effective Tax Rate	25.05%	24.74%	27.00%	24.83%	25.53%	25.61%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.