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Summit Financial Group Inc (SMMF) Annual Income Statement

Annual · GAAP · USD millions
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This income statement overview for Summit Financial Group Inc spans from Dec 31 2019 to Dec 31 2023, showing how the company's revenues, expenses, and earnings have changed across reporting periods.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2023)
2023 		(Dec 31 2022) (Dec 31 2021) (Dec 31 2020) (Dec 31 2019)
Revenues
Interest and Fee Income, Loans and Leases217.62
Interest and Dividend Income, Securities, Operating5.55
Interest Income, Deposits with Financial Institutions0.73
Other Income18.65
Total Interest Income242.55
Interest Expense, Deposits73.19
Interest Expense, Short-term Borrowing6.82
Total Interest Expense85.98
Net Interest Income156.57
Provision for loan losses12.25
Total Net Interest Income144.32
Insurance Commissions and Fees0.00
Revenue From Contract With Customer Including Assessed Tax18.26
Other Non-interest Income0.54
Gain (Loss) on Disposition of Assets and Other Investments0.00
Loss / Gain on Investment0.00
Other Non-Interest Income-1.35
Total Non-interest Income20.88
Total Revenues165.20
Costs & Expenses
Salaries & employee benefits, SGA1.11
Restructuring, Accretion & impairment charges6.44
Depreciation & Amortization3.34
Foreclosed Real Estate Expense0.00
Occupancy, Net5.85
Professional Fees1.78
Federal Deposit Insurance Corporation Premium Expense2.46
Other Noninterest Expense14.91
Other loss /-income58.91
Total Operating Expenses94.79
Total Costs & Expenses180.77
Income & Taxes
Income /-loss before income taxes70.40
Income taxes expenses/-benefit15.16
Income after income taxes54.34
Net income/-loss of other equity-0.90
Income /-loss after income taxes54.34
Net Income/-loss54.34
Income/-loss to shareholder54.34
Earnings Per Share
Basic EPS (excl. extra items)3.82
Basic Net EPS3.82
Basic shares outstanding (Mill. of Units)14.21
Diluted Net EPS3.81
Diluted average shares (Mill. of Units)14.25
Dividend per share0.84
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About Summit Financial Group Inc Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.