Summit State Bank (SSBI)
| Market Cap | 51.77M |
| Revenue (ttm) | 31.55M |
| Net Income (ttm) | 4.85M |
| Shares Out | 6.78M |
| EPS (ttm) | 0.72 |
| PE Ratio | 10.57 |
| Forward PE | n/a |
| Dividend | $0.28 (3.67%) |
| Ex-Dividend Date | Oct 3, 2024 |
| Volume | 11,407 |
| Open | 7.47 |
| Previous Close | 7.47 |
| Day's Range | 7.35 - 7.64 |
| 52-Week Range | 5.68 - 12.87 |
| Beta | 0.66 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 28, 2025 |
About SSBI
Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, including professional, small business packaged, tiered, and retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and c... [Read more]
Financial Performance
In 2023, Summit State Bank's revenue was $40.33 million, a decrease of -14.88% compared to the previous year's $47.38 million. Earnings were $10.82 million, a decrease of -36.22%.
Financial StatementsNews
Summit State Bank Reports Net Income of $626,000 for Third Quarter 2024
SANTA ROSA, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the third quarter ended September 30, 2024 of $626,000, or $0.09 per d...
Summit State Bank Declares Quarterly Cash Dividend
SANTA ROSA, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Summit State Bank's (the “Bank”) (Nasdaq: SSBI) Board of Directors declared the Bank's eighty third consecutive quarterly cash dividend to common...
Summit State Bank Reports Net Income of $928,000 for Second Quarter 2024
SANTA ROSA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the second quarter ended June 30, 2024 of $928,000, or $0.14 per dilut...
Summit State Bank Reports Net Income of $1.4 Million for First Quarter 2024; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the first quarter ended March 31, 2024 of $1,395,000, or $0.21 per di...
Summit State Bank welcomes Dr. Frank Chong and James Finley to its Board of Directors
SANTA ROSA, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) welcomes Dr. Frank Chong and James Finley, to its Board of Directors. Dr. Chong and Mr. Finley were elected to t...
Summit State Bank Reports Net Income of $10.8 Million for the Year 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the year ended December 31, 2023 of $10,822,000, or $1.62 per diluted share, a decr...
Summit State Bank Reports Net Income of $1.8 Million for Third Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the third quarter ended September 30, 2023 of $1,821,000, or $0.27 per diluted shar...
Summit State Bank Ranked a Top Bay Area Corporate Philanthropist by San Francisco Business Times
SANTA ROSA, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced today that it has been ranked number 52nd on the San Francisco Business Times' 2023 Bay Area Corporate ...
Summit State Bank Comments on Big Poppy Bancorp, Inc.'s Federal Reserve Application
SANTA ROSA, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) (“Summit”) announced today that it is aware that Big Poppy Holdings, Inc. (“Poppy”) has published a notice statin...
Summit State Bank Reports Net Income of $3.0 Million for Second Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the second quarter ended June 30, 2023 of $2,985,000, or $0.45 per diluted share, a...
Summit State Bank Named to CB Durable Performance Index™
SANTA ROSA, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has been named to the CB Durable Performance Index™ for 1Q 2023. The index highlights ban...
Summit State Bank Ranks #18 on American Banker Magazine's Top 200 Publicly Traded Community Banks list
SANTA ROSA, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has once again been named to American Banker Magazine's Top 200 Publicly Traded Community...
Summit State Bank Recognized Among Top Performing Banks by the Independent Community Bankers Association
SANTA ROSA, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) has been recognized by the Independent Community Bankers Association (ICBA) as one of the 2023 Top Performing Bank...
Summit State Bank Recognized for 2022 Raymond James Bankers Cup Award
SANTA ROSA, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) ranked 9th and is one of only 22 banks in the U.S. to be named to the 2022 Raymond James Bankers Cup, in its annua...
Summit State Bank Earnings Increase 5% to $4.1 Million for First Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., April 25, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the first quarter ended March 31, 2023 increased $181,000, or 5%, to $4,116,000, o...
Summit State Bank Earnings Increase 15% to $17.0 Million for the Year 2022 and Increase 24% to $4.6 Million for Fourth Quarter 2022; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the year ended December 31, 2022 increased $2,270,000, or 15%, to $16,968,000, or $...
Summit State Bank Earnings Increase 5% to $4.0 Million for Third Quarter 2022; Quarterly Average Assets Surpass $1.0 Billion; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the third quarter ended September 30, 2022 increased $183,000, or 5%, to $3,979,000...
Summit State Bank Reports 15% Increase in Net Income to $4,501,000 for Second Quarter 2022 and Declaration of Dividend
SANTA ROSA, Calif., July 26, 2022 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended June 30, 2022 of $4,501,000 and diluted earnings per share of $0....
Summit State Bank Reports 19% Increase in Net Income to $3,935,000 for First Quarter 2022 and Declaration of Dividend
SANTA ROSA, Calif., April 26, 2022 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2022 of $3,935,000 and diluted earnings per share of $...
Summit State Bank Reports Record Earnings, a 40% Increase in Net Income to $14,698,000 for 2021 and Declaration of Dividend
SANTA ROSA, Calif., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported record net income for the year ended December 31, 2021 of $14,698,000 and diluted earnings per sha...
Summit State Bank Appoints Belinda Guadarrama, President and Chief Executive Officer of GC Micro Corporation, to Board of Directors
SANTA ROSA, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) appointed Belinda Guadarrama to its Board of Directors.
Summit State Bank Reports 29% Increase in Net Income to $3,796,000 for Third Quarter 2021 and Declaration of Dividend
SANTA ROSA, Calif., Oct. 27, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended September 30, 2021 of $3,796,000 and diluted earnings per share o...
Summit State Bank Declaration of Stock Dividend
SANTA ROSA, Calif., Sept. 28, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today announced that its Board of Directors declared a 10% stock dividend to be paid on or about November 4, 202...
Summit State Bank Reports 76% Increase in Net Income to $3,898,000 for Second Quarter 2021 and Declaration of Dividend
SANTA ROSA, Calif., July 27, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported record net income for the quarter ended June 30, 2021 of $3,898,000 and diluted earnings per share...
Summit State Bank Among Top Performing Banks, Earning the Raymond James Bankers Cup
SANTA ROSA, Calif., April 27, 2021 (GLOBE NEWSWIRE) -- Summit State Bank has been selected as one of the 25 top performing banks in the nation based on assets between $500MM and $10 billion. “We are i...