Summit Financial Statements From 2010 to 2026

SSBI Stock  USD 12.98  0.48  3.84%   
Summit State's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Summit State's valuation are provided below:
Gross Profit
27.4 M
Profit Margin
(0.05)
Market Capitalization
87.9 M
Enterprise Value Revenue
2.7614
Revenue
27.4 M
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 2026 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 58.8 M.

Summit State Total Revenue

74.9 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 State's main balance sheet or income statement drivers, such as Depreciation And Amortization of 689.5 K, Interest Expense of 35.4 M or Total Revenue of 74.9 M, as well as many indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.049 or PTB Ratio of 1.21. Summit financial statements analysis is a perfect complement when working with Summit State Valuation or Volatility modules.
  
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Check out the analysis of Summit State Correlation against competitors.

Summit State Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets1.3 B1.2 B739.2 M
Slightly volatile
Short and Long Term Debt Total6.5 M6.8 M34.8 M
Slightly volatile
Total Stockholder Equity64.8 M105.5 M69.9 M
Slightly volatile
Common Stock Shares Outstanding6.9 M7.7 M6.6 M
Slightly volatile
Liabilities And Stockholders Equity1.3 B1.2 B739.2 M
Slightly volatile
Non Current Liabilities Total14 M14.7 M36.5 M
Pretty Stable
Total Liabilities1.2 B1.1 B666.6 M
Slightly volatile
Other Current Liabilities1.2 B1.1 B628.3 M
Slightly volatile
Total Current Liabilities1.2 B1.1 B630.8 M
Slightly volatile
Non Current Assets Total1.2 B1.1 B617.2 M
Slightly volatile
Short Term Debt379.6 K399.6 K24.8 M
Slightly volatile
Property Plant And Equipment Net5.1 M4.6 M5.7 M
Slightly volatile
Retained Earnings75.9 M72.3 M35.9 M
Slightly volatile
Accounts Payable10.7 M11.3 M5.4 M
Slightly volatile
Cash62.1 M59.1 M36.8 M
Slightly volatile
Cash And Short Term Investments97.9 M128.2 M116.4 M
Pretty Stable
Net Receivables31.4 M29.9 M12.2 M
Slightly volatile
Other Current Assets52.6 M55.3 M163.2 M
Slightly volatile
Property Plant And Equipment Gross8.8 M16 M8.6 M
Slightly volatile
Total Current Assets104.7 M128.2 M122.4 M
Pretty Stable
Intangible Assets4.5 M4.7 M4.2 M
Slightly volatile
Common Stock Total Equity40.4 M42.5 M37.3 M
Slightly volatile
Common Stock40 M43.4 M37.1 M
Slightly volatile
Other Liabilities5.6 M5.4 M3.1 M
Slightly volatile
Long Term Debt6.5 M6.8 M36.1 M
Slightly volatile
Preferred Stock Total Equity12.4 M15.7 M13.4 M
Slightly volatile
Property Plant Equipment5.1 M4.9 M5.9 M
Slightly volatile
Short Term Investments67.1 M54.1 M81.1 M
Slightly volatile
Net Tangible Assets69.4 M97.1 M64.8 M
Slightly volatile
Long Term Investments72.7 M60.7 M98.9 M
Slightly volatile
Short and Long Term Debt50.8 M52.4 M44 M
Slightly volatile
Earning Assets80 M59 M98 M
Slightly volatile
Net Invested Capital126.8 M112.3 M99.1 M
Slightly volatile
Capital Stock40.9 M43.4 M37.7 M
Slightly volatile
Long Term Debt Total4.7 M5.3 M5.8 M
Slightly volatile

Summit State Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization689.5 K352.8 K902.1 K
Slightly volatile
Interest Expense35.4 M33.7 M10 M
Slightly volatile
Total Revenue74.9 M71.3 M36.7 M
Slightly volatile
Gross Profit20.9 M28.5 M24.2 M
Slightly volatile
Other Operating Expenses80.2 M76.4 M29.3 M
Slightly volatile
Selling General Administrative21 M20 M11.7 M
Slightly volatile
Net Income Applicable To Common Shares20.5 M19.5 M9.3 M
Slightly volatile
Selling And Marketing Expenses886.1 K1.1 M828.2 K
Slightly volatile
Net Interest Income30.3 M33.3 M25.1 M
Slightly volatile
Interest Income39.3 M67 M32.7 M
Slightly volatile
Reconciled Depreciation439.2 K450.8 K379.8 K
Slightly volatile

Summit State Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation445.6 K352.8 K465.4 K
Slightly volatile
Capital Expenditures407.7 K207.9 K437.4 K
Slightly volatile
End Period Cash Flow31.1 M59.1 M34.8 M
Slightly volatile
Begin Period Cash Flow69.8 M66.5 M36.3 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.90.956.7185
Slightly volatile
Dividend Yield0.0490.04240.0415
Slightly volatile
PTB Ratio1.210.641.0424
Pretty Stable
Days Sales Outstanding159152105
Slightly volatile
Book Value Per Share7.412.310.2676
Slightly volatile
Average Payables626.1 K704.3 K768.8 K
Slightly volatile
Capex To Depreciation0.890.680.7965
Pretty Stable
PB Ratio1.210.641.0424
Pretty Stable
EV To Sales0.10.118.8271
Slightly volatile
Sales General And Administrative To Revenue0.250.28070.3423
Slightly volatile
Capex To Revenue0.00410.00430.1202
Slightly volatile
Cash Per Share10.7814.9417.0997
Very volatile
Intangibles To Total Assets0.0040.00420.0067
Slightly volatile
Current Ratio0.160.10.2344
Slightly volatile
Tangible Book Value Per Share6.9712.39.7665
Slightly volatile
Receivables Turnover3.641.954.1717
Slightly volatile
Shareholders Equity Per Share7.412.310.2676
Slightly volatile
Debt To Equity0.07070.07440.552
Slightly volatile
Capex Per Share0.03760.03960.0711
Slightly volatile
Revenue Per Share8.738.325.2256
Slightly volatile
Interest Debt Per Share5.724.726.6469
Very volatile
Debt To Assets0.00610.00640.0602
Slightly volatile
Graham Number21.7720.7316.3006
Slightly volatile
Short Term Coverage Ratios0.750.850.9244
Slightly volatile
Operating Cycle159152105
Slightly volatile
Price Book Value Ratio1.210.641.0424
Pretty Stable
Effective Tax Rate0.04860.05110.3062
Slightly volatile
Company Equity Multiplier7.2810.479.5371
Slightly volatile
Long Term Debt To Capitalization0.06640.06990.3181
Slightly volatile
Total Debt To Capitalization0.06640.06990.3181
Slightly volatile
Debt Equity Ratio0.07070.07440.552
Slightly volatile
Quick Ratio0.160.10.2344
Slightly volatile
Net Income Per E B T0.50.860.662
Slightly volatile
Cash Ratio0.03820.04810.0548
Pretty Stable
Days Of Sales Outstanding159152105
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio0.70.860.8867
Slightly volatile
Price To Book Ratio1.210.641.0424
Pretty Stable
Fixed Asset Turnover11.3710.836.4679
Slightly volatile
Debt Ratio0.00610.00640.0602
Slightly volatile
Price Sales Ratio0.90.956.7185
Slightly volatile
Asset Turnover0.0370.05230.0442
Slightly volatile
Gross Profit Margin0.560.360.7447
Slightly volatile
Price Fair Value1.210.641.0424
Pretty Stable

Summit State Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap77.3 M73.6 M71.6 M
Slightly volatile
Enterprise Value58.8 M99.3 M88.4 M
Slightly volatile

Summit Fundamental Market Drivers

About Summit State Financial Statements

Investors use fundamental 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's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
Last ReportedProjected for Next Year
Current Deferred Revenue-6.8 M-7.1 M
Total Revenue71.3 M74.9 M
Cost Of Revenue42.8 M44.9 M
Stock Based Compensation To Revenue(0.01)(0.01)
Sales General And Administrative To Revenue 0.28  0.25 
Revenue Per Share 8.32  8.73 
Ebit Per Revenue(0.08)(0.08)

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.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Regional Banks space 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
0.333
Earnings Share
(0.21)
Revenue Per Share
4.074
Quarterly Revenue Growth
(0.03)
Return On Assets
(0)
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.