Summit State Bank (SSBI)

Summit State Bank Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	65.44	49.63	42.06	34.71	25.64
Revenue Growth (YoY)	31.87%	18.00%	21.18%	35.38%	7.13%
Gross Profit	65.44	49.63	42.06	34.71	25.64
Selling, General & Admin	18.27	17.73	16.77	14.36	12.81
Other Operating Expenses	-7.94	-36.96	-37.95	-34.13	-29.57
Operating Expenses	7.94	-19.23	-21.18	-19.77	-16.76
Operating Income	57.5	30.4	20.88	14.94	8.88
Interest Income	59.83	48.66	41.73	36.2	29.78
Interest Expense	24.78	6.53	4.37	6.16	7.03
Other Expense / Income	77.27	48.66	37.36	30.03	22.75
Pretax Income	15.28	23.87	20.88	14.94	8.88
Income Tax	4.46	6.9	6.18	4.42	2.4
Net Income	10.82	16.97	14.7	10.52	6.48
Net Income Growth	-36.22%	15.44%	39.75%	62.37%	11.15%
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change	0.16%	0.07%	0.01%	-	0.03%
EPS (Basic)	1.62	2.54	2.20	1.58	0.97
EPS (Diluted)	1.62	2.54	2.20	1.57	0.97
EPS Growth	-36.22%	15.45%	40.13%	61.86%	11.49%
Free Cash Flow	-2.62	13.54	51.93	3.59	3.14
Free Cash Flow Per Share	-0.39	2.03	7.77	0.54	0.47
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	87.87%	61.25%	49.64%	43.04%	34.62%
Profit Margin	16.54%	34.19%	34.95%	30.30%	25.26%
Free Cash Flow Margin	-4.00%	27.29%	123.48%	10.35%	12.25%
Effective Tax Rate	29.18%	28.91%	29.61%	29.60%	27.02%
EBITDA	0.39	30.79	21.29	15.37	9.37
EBITDA Margin	0.59%	62.04%	50.61%	44.29%	36.56%
Depreciation & Amortization	0.39	0.39	0.41	0.43	0.5
EBIT	0	30.4	20.88	14.94	8.88
EBIT Margin	-	61.25%	49.64%	43.04%	34.62%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.