Summit State Bank (SSBI)

NASDAQ: SSBI · IEX Real-Time Price · USD
10.80
-0.19 (-1.73%)
At close: Mar 27, 2024, 4:00 PM
10.97
+0.17 (1.57%)
After-hours: Mar 27, 2024, 4:00 PM EDT
-1.73%
Market Cap 74.76M
Revenue (ttm) 52.46M
Net Income (ttm) 10.82M
Shares Out 6.68M
EPS (ttm) 1.62
PE Ratio 6.67
Forward PE n/a
Dividend $0.48 (4.44%)
Ex-Dividend Date Feb 7, 2024
Volume 2,231
Open 10.80
Previous Close 10.99
Day's Range 10.80 - 10.80
52-Week Range 9.55 - 18.67
Beta 0.58
Analysts n/a
Price Target n/a
Earnings Date Apr 23, 2024

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, such as 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 con... [Read more]

Sector Financials
IPO Date Jul 14, 2006
Employees 112
Stock Exchange NASDAQ
Ticker Symbol SSBI
Full Company Profile

Financial Performance

In 2023, SSBI's revenue was $65.44 million, an increase of 31.87% compared to the previous year's $49.63 million. Earnings were $10.82 million, a decrease of -36.22%.

Financial Statements

News

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...

2 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

10 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

11 months ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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 $...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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....

1 year ago - GlobeNewsWire

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 $...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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.

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

3 years ago - GlobeNewsWire

Summit State Bank Reports 37% Increase in Net Income to $3,317,000 for First Quarter 2021 and Declaration of Dividend

SANTA ROSA, Calif., April 27, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported record net income for the quarter ended March 31, 2021 of $3,317,000 and diluted earnings per sha...

3 years ago - GlobeNewsWire

Summit State Bank Promotes Michael Castlio to Executive Vice President

SANTA ROSA, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Brian Reed, President and Chief Executive Officer of Summit State Bank (NASDAQ: SSBI) has announced the promotion of Michael Castlio as its newest...

3 years ago - GlobeNewsWire

5 Banks With High Dividend Yields

As of Dec. 14, the GuruFocus All-in-One Screener, a Premium feature, found that the following companies have low price-earnings ratios and are owned by gurus.

Other symbols: CRWSLARKSACHUBOH
3 years ago - GuruFocus

5 Financial Companies With High Business Predictability

According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of Dec. 3.

Other symbols: BKSCCZWIPBHC
3 years ago - GuruFocus

Summit State Bank Reports 44% Increase in Net Income to $2,954,000 for Third Quarter 2020 and Declaration of Dividend

SANTA ROSA, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended September 30, 2020 of $2,954,000 and diluted earnings per share o...

3 years ago - GlobeNewsWire