Summit Financial Statements From 2010 to 2024

SSBI Stock  USD 9.83  0.55  5.30%   
Summit State financial statements provide useful quarterly and yearly information to potential Summit State Bank investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Summit State financial statements helps investors assess Summit State's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Summit State's valuation are summarized below:
Gross Profit
47.4 M
Profit Margin
0.3004
Market Capitalization
67.2 M
Revenue
44.9 M
Earnings Share
1.62
We have found one hundred twenty available fundamental trend indicators for Summit State Bank, which can be analyzed and compared to other ratios and to its competition. Traders should compare all of Summit State Bank current fundamentals against the fundamentals between 2010 and 2024 to make sure the company is sustainable this year. The Summit State's current Market Cap is estimated to increase to about 77.3 M, while Enterprise Value is projected to decrease to under 58.2 M.

Summit State Total Revenue

68.71 Million

Check Summit State financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit main balance sheet or income statement drivers, such as Depreciation And Amortization of 706.6 K, Interest Expense of 26 M or Total Revenue of 68.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.2, Dividend Yield of 0.0481 or PTB Ratio of 1.23. Summit financial statements analysis is a perfect complement when working with Summit State Valuation or Volatility modules.
  
This module can also supplement various Summit State Technical models . Check out the analysis of Summit State Correlation against competitors.

Summit State Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets576 M1.1 B637.5 M
Slightly volatile
Short and Long Term Debt Total6.6 M6.9 M38.6 M
Very volatile
Total Stockholder Equity63.2 M97.7 M65.9 M
Slightly volatile
Other Assets561.7 M959.9 M634.5 M
Slightly volatile
Common Stock Shares Outstanding6.8 M6.7 M6.5 M
Slightly volatile
Liabilities And Stockholders Equity576 M1.1 B637.5 M
Slightly volatile
Non Current Liabilities Total107.2 M102.1 M49.4 M
Slightly volatile
Total Liabilities1.1 BB609.4 M
Slightly volatile
Total Current Liabilities972.5 M926.2 M143.7 M
Slightly volatile
Property Plant And Equipment Net5.1 M6.2 M5.9 M
Slightly volatile
Retained Earnings72.4 M69 M31.4 M
Slightly volatile
Accounts Payable10.7 M11.3 M4.6 M
Slightly volatile
Cash60.7 M57.8 M34.2 M
Slightly volatile
Non Current Assets Total1.1 B1.1 B234.3 M
Slightly volatile
Net Receivables31.4 M29.9 M10.3 M
Slightly volatile
Other Current Assets58.4 M61.5 M177.6 M
Slightly volatile
Property Plant And Equipment Gross8.4 M13.9 M7.7 M
Slightly volatile
Total Current Assets58.4 M61.5 M265.2 M
Slightly volatile
Short Term Debt430.4 K453 K27.2 M
Slightly volatile
Intangible Assets4.5 M4.7 M4.2 M
Slightly volatile
Good Will3.3 M3.7 MM
Slightly volatile
Common Stock Total Equity40.4 M42.5 M37.4 M
Slightly volatile
Common Stock40.4 M37.5 M37.1 M
Slightly volatile
Other Liabilities5.6 M5.4 M2.9 M
Slightly volatile
Long Term Debt5.6 M5.9 M40.1 M
Pretty Stable
Preferred Stock Total Equity12.4 M15.7 M13.3 M
Slightly volatile
Property Plant Equipment5.1 M4.9 MM
Pretty Stable
Short Term Investments68.7 M84.5 M87.4 M
Pretty Stable
Net Tangible Assets69.4 M97.1 M62.2 M
Slightly volatile
Long Term Investments74.5 M93 M103.7 M
Slightly volatile
Short and Long Term Debt50.8 M52.4 M43.8 M
Slightly volatile
Earning Assets80 M59 M102.4 M
Slightly volatile
Net Invested Capital129.6 M103.6 M98.5 M
Slightly volatile
Capital Stock40.8 M37.5 M37.3 M
Slightly volatile
Long Term Debt Total4.7 M5.3 M5.7 M
Slightly volatile

Summit State Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization706.6 K385 K973.8 K
Slightly volatile
Interest Expense26 M24.8 M6.5 M
Slightly volatile
Total Revenue68.7 M65.4 M29.7 M
Slightly volatile
Gross Profit68.7 M65.4 M29.7 M
Slightly volatile
EBITDA365.8 K385 K10.7 M
Pretty Stable
Income Before Tax8.8 M15.3 M10.4 M
Slightly volatile
Net Income5.7 M10.8 M6.9 M
Slightly volatile
Income Tax Expense3.1 M4.5 M3.5 M
Slightly volatile
Selling General Administrative9.1 M17 M10.1 M
Slightly volatile
Net Income Applicable To Common Shares20.5 M19.5 M8.2 M
Slightly volatile
Selling And Marketing Expenses928.7 K1.3 M807.3 K
Slightly volatile
Net Income From Continuing Ops9.7 M13.5 MM
Slightly volatile
Tax Provision4.6 M5.4 M4.2 M
Slightly volatile
Net Interest Income30.1 M38.5 M24.3 M
Slightly volatile
Interest Income36.6 M59 M28.6 M
Slightly volatile
Reconciled Depreciation440.3 K387 K374.4 K
Slightly volatile

Summit State Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Cashflows From Financing Activities52.9 M47 M59.3 M
Slightly volatile
Depreciation451.9 K385 K478.3 K
Slightly volatile
Capital Expenditures374.8 K240 K464.3 K
Slightly volatile
Net Income5.9 M10.8 M6.9 M
Slightly volatile
End Period Cash Flow29.9 M57.8 M32 M
Slightly volatile
Begin Period Cash Flow81.4 M77.6 M33.7 M
Slightly volatile
Stock Based Compensation15.2 K16 K237.6 K
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.21.25837.7366
Slightly volatile
Dividend Yield0.04810.03950.0417
Slightly volatile
PTB Ratio1.230.84311.1028
Very volatile
Days Sales Outstanding175220112
Slightly volatile
Book Value Per Share15.3214.589710.4338
Slightly volatile
Invested Capital0.0620.06520.6741
Pretty Stable
Average Payables626.1 K704.3 K767 K
Slightly volatile
Stock Based Compensation To Revenue2.0E-42.0E-40.0093
Very volatile
PB Ratio1.230.84311.1028
Very volatile
EV To Sales0.460.480910.2783
Slightly volatile
Net Income Per Share1.71.61641.098
Slightly volatile
Sales General And Administrative To Revenue0.250.25960.4525
Slightly volatile
Cash Per Share22.3221.259917.222
Slightly volatile
Interest Coverage2.942.32074.5755
Pretty Stable
Payout Ratio0.290.30040.4653
Slightly volatile
ROE0.06880.11080.0973
Slightly volatile
PE Ratio7.237.609411.7696
Slightly volatile
Return On Tangible Assets0.00730.00960.0101
Slightly volatile
Earnings Yield0.140.13140.0986
Slightly volatile
Intangibles To Total Assets0.00350.00370.007
Slightly volatile
Current Ratio0.06310.0664120
Slightly volatile
Tangible Book Value Per Share14.6713.97459.8513
Slightly volatile
Receivables Turnover2.821.723.8489
Pretty Stable
Graham Number24.1923.035215.7176
Slightly volatile
Shareholders Equity Per Share15.3214.589710.4338
Slightly volatile
Debt To Equity0.0620.06520.6741
Pretty Stable
Revenue Per Share10.269.77484.4653
Slightly volatile
Interest Debt Per Share5.884.6537.4259
Slightly volatile
Debt To Assets0.00540.00570.0727
Slightly volatile
Enterprise Value Over EBITDA85.8481.749417.933
Slightly volatile
Price Earnings Ratio7.237.609411.7696
Slightly volatile
Price Book Value Ratio1.230.84311.1028
Very volatile
Dividend Payout Ratio0.290.30040.4653
Slightly volatile
Pretax Profit Margin0.220.23350.7464
Slightly volatile
Effective Tax Rate0.420.29180.3655
Slightly volatile
Company Equity Multiplier7.1911.52749.3314
Slightly volatile
Long Term Debt To Capitalization0.05430.05710.351
Slightly volatile
Total Debt To Capitalization0.05820.06120.3687
Slightly volatile
Debt Equity Ratio0.0620.06520.6741
Pretty Stable
Quick Ratio0.150.153740.072
Slightly volatile
Net Income Per E B T0.50.70820.6292
Slightly volatile
Cash Ratio0.05930.06248.9552
Slightly volatile
Days Of Sales Outstanding175220112
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.71.10080.8709
Slightly volatile
Price To Book Ratio1.230.84311.1028
Very volatile
Fixed Asset Turnover11.0110.48925.1673
Slightly volatile
Enterprise Value Multiple85.8481.749417.933
Slightly volatile
Debt Ratio0.00540.00570.0727
Slightly volatile
Price Sales Ratio1.21.25837.7366
Slightly volatile
Return On Assets0.00730.00960.01
Slightly volatile
Asset Turnover0.0610.05810.0405
Slightly volatile
Net Profit Margin0.160.16540.454
Slightly volatile
Price Fair Value1.230.84311.1028
Very volatile
Return On Equity0.06880.11080.0973
Slightly volatile

Summit State Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap77.3 M73.6 M70.3 M
Slightly volatile
Enterprise Value58.2 M99.3 M85.4 M
Slightly volatile

Summit Fundamental Market Drivers

Cash And Short Term Investments-57.8 M

About Summit State Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Summit State income statement, its balance sheet, and the statement of cash flows. Summit State investors use historical funamental indicators, such as Summit State's revenue or net income, to determine how well the company is positioned to perform in the future. Although Summit State investors may use each financial statement separately, they are all related. The changes in Summit State's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Summit State's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Summit State Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Summit State. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue-6.8 M-7.1 M
Total Revenue65.4 M68.7 M
Cost Of Revenue 0.00  0.00 
Stock Based Compensation To Revenue 0.0002  0.0002 
Sales General And Administrative To Revenue 0.26  0.25 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0)(0)
Revenue Per Share 9.77  10.26 
Ebit Per Revenue 0.88  1.11 

Currently Active Assets on Macroaxis

When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:
Check out the analysis of Summit State Correlation against competitors.
Note that the Summit State Bank information on this page should be used as a complementary analysis to other Summit State's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Summit Stock analysis

When running Summit State's price analysis, check to measure Summit State's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit State is operating at the current time. Most of Summit State's value examination focuses on studying past and present price action to predict the probability of Summit State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit State's price. Additionally, you may evaluate how the addition of Summit State to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Fundamental Analysis
View fundamental data based on most recent published financial statements
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Is Summit State's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.54)
Dividend Share
0.48
Earnings Share
1.62
Revenue Per Share
6.703
Quarterly Revenue Growth
(0.16)
The market value of Summit State Bank is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit State's value that differs from its market value or its book value, called intrinsic value, which is Summit State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit State's market value can be influenced by many factors that don't directly affect Summit State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.