Summit Financial Group Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Summit Financial Group Inc (SMMF) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Summit Financial Group Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 173M vs 847,636M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+4.0% annualized vs trailing 12 months), vs decelerating (-13.3%) for its tracked peer group.
- Growth: Summit Financial Group Inc generated 21.4% revenue growth year over year in Q1 2024, vs 3.6% for its tracked competitors combined.
- Profitability: Its 37.4% net margin compares with 23.3% for the peer group.
- Peer revenue share: Summit Financial Group Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.64M compares with $0.48M for the peer group (1.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SMMF Sales vs. its Competitors, Q1 2024
Summit Financial Group Inc reported revenue growth of 21.38 % year on year in Q1 2024, above its competitors' combined revenue growth of 3.55 %.
With a net margin of 37.38 %, Summit Financial Group Inc achieved higher profitability than its competitors (23.28 %).
Summit Financial Group Inc generated 0.02 % of the combined sales of its peer group, up from 0.02 % a year earlier.
Summit Financial Group Inc vs. its Competitors, Q1 2024
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Summit Financial Group Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Summit Financial Group Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Summit Financial Group Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Summit Financial Group Inc's competitor groups requires a Commercial License.
For context: the Regional Banks industry grew revenue 7.8% year over year, combined, vs 21.4% for Summit Financial Group Inc. Summit Financial Group Inc's share of combined industry revenue moved from 0.02% to 0.03%, a gain of 0.00 percentage points.
Summit Financial Group Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Summit Financial Group Inc | Yes | Yes | Yes | Yes |
| Competitors combined (171) | ||||
| High-Confidence Competitors (1) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SMMF Stock Performance relative to its Competitors
SMMF Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Old Point Financial Corp | 282.9% | Outperformed |
| 2 | Optimumbank Holdings Inc | 282.9% | Outperformed |
| 3 | Community Ban corp | 282.9% | Outperformed |
| 4 | Lionsgate Studios Corp | 282.9% | Outperformed |
| 5 | The Bank Of New York Mellon Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Summit Financial Group Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Summit Financial Group Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Summit Financial Group Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Summit Financial Group Inc | 379.08 | 173.12 |
| Jpmorgan Chase and Co | 915,273.62 | 186,328.00 |
| Bank Of America Corporation | 373,681.87 | 121,098.00 |
| Wells Fargo and Company | 257,866.70 | 83,940.00 |
| Citigroup inc | 220,685.76 | 88,262.00 |
| Capital one financial corp | 125,300.71 | 51,099.00 |
| SUBTOTAL | 2,772,179.25 | 848,269.17 |
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Sources: Summit Financial Group Inc's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Summit Financial Group Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Summit Financial Group Inc's Competitors Named by the Company
Competitive relationships identified from Summit Financial Group Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Eltek Ltd | Company report | 85% |
| Bank Bradesco | Company report | 85% |
| Mvb Financial Corp | Company report | 85% |
| Premier Financial Bancorp Inc | Company report | 85% |
| Eastern Virginia Bankshares Inc | Company report | 85% |
| Highlands Bankshares Inc | Company report | 85% |
| Mainstreet Bancshares Inc | Company report | 85% |
| Richmond Mutual Bancorporation Inc | Company report | 85% |
| Eagle Financial Services Inc | Company report | 85% |
| Village Bank and Trust Financial Corp | Company report | 85% |
| Communityone Bancorp | Company report | 85% |
| First Sentry Bancshares, Inc. | Company report | 85% |
| Middleburg Financial Corp | Company report | 85% |
| Park Sterling Corp | Company report | 85% |
| C and F Financial Corporation | Company report | 85% |
| Primis Financial Corp | Company report | 85% |
| Bnc Bancorp | Company report | 85% |
| Fauquier Bankshares Inc | Company report | 85% |
| Xenith Bankshares, Inc. | Company report | 85% |
| Old Line Bancshares Inc | Company report | 85% |
| Southern Community Financial Corp | Company report | 85% |
| Community bankers trust corp | Company report | 85% |
| Atlantic Union Bankshares Corporation | Company report | 85% |
| Citizens Bancorp Of Virginia Inc | Company report | 85% |
| Fvcbankcorp Inc | Company report | 85% |
| Monarch Financial Holdings, Inc. | Company report | 85% |
| Potomac Bancshares Inc | Company report | 85% |
| The First Bancshares Inc | Company report | 85% |
| Community Trust Bancorp Inc | Company report | 85% |
| M and t Bank Corporation | Company report | 85% |
| Blue Ridge Bankshares Inc | Company report | 85% |
| First Citizens Banc Corp | Company report | 85% |
| John Marshall Bancorp inc | Company report | 85% |
| Skyline Bankshares Inc | Company report | 85% |
| Bank Of The James Financial Group Inc | Company report | 85% |
| First Community Bankshares Inc | Company report | 85% |
| Bay Banks Of Virginia Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Summit Financial Group Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Summit Financial Group Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Summit Financial Group Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Arthur J Gallagher and Co | Brokerage 45.31 % |
| D r Horton Inc | HomeBuildingOps 94.14 % |
| Brown and Brown Inc | Retail Segment 56.50 % |
| Pultegroup Inc | Florida 26.99 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Summit Financial Group Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Summit Financial Group Inc | 379 | 643,572 | 212,955 |
| Jpmorgan Chase and Co | 915,274 | 584,995 | 200,752 |
| Bank Of America Corporation | 373,682 | 568,535 | 158,005 |
| Wells Fargo and Company | 257,867 | 351,213 | 95,100 |
| Citigroup inc | 220,686 | 390,540 | 72,049 |
| Capital one financial corp | 125,301 | 669,712 | 137,615 |
| PEERS TOTAL | 2,771,800 | 476,872 | 122,530 |
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Summit Financial Group Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Arthur J Gallagher and Co | Other Foreign 4.06 % |
| Brown and Brown Inc | US 86.46 % |
| Lionsgate Studios Corp | UNITED STATES 64.70 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Summit Financial Group Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Regional Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (2 companies). See the full Regional Banks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 56.54 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 73.29 % | 50.49 % (avg) | +22.8 pp |
| Capital Intensity (Capex / Revenue) | 3.69 % | 2.34 % (avg) | +1.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Summit Financial Group Inc's Valuation vs Competitive Position
Valuation multiples vs the Regional Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Regional Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 7.0x | - | - |
| EV / EBITDA | 6.1x | - | - |
| P/B | 0.9x | - | - |
| Return on Equity | 13.29 % | industry aggregate | 4.88 % |
| Return on Invested Capital | 1.48 % | 4.16 % (avg) | -2.68 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Summit Financial Group Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | - | 31.97 % | 7.12 % | 11.50 % | 6.68 % | 24.81 % | 11.14 % | 17.84 % |
| Operating Margin | - | 27.20 % | 41.30 % | 41.78 % | 38.35 % | - | - | - |
| Return on Invested Capital | - | 4.71 % | 7.36 % | 7.59 % | 6.40 % | 7.78 % | 2.65 % | 1.45 % |
| P/E | 16.0x | 28.0x | 9.1x | 10.4x | 9.0x | 7.6x | 6.7x | 6.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Summit Financial Group Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 3.69 % vs industry average 2.34 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Summit Financial Group Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Summit Financial Group Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Summit Financial Group Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Summit Financial Group Inc falls in the High attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Summit Financial Group Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+4.0% annualized vs trailing 12 months).
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 11.9% median pace.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-13.3% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Summit Financial Group Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Summit Financial Group Inc | - | 1.06 | 0.85 |
| Jpmorgan Chase and Co | 0.17 | 0.42 | 1.40 |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.41 |
| Citigroup inc | 0.01 | 0.40 | 1.75 |
| Capital one financial corp | 0.03 | 1.03 | 0.39 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Summit Financial Group Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Summit Financial Group Inc | Q1 2024 | +21.4 % | +21.2 % |
| Jpmorgan Chase and Co | Q2 2026 | +30.4 % | +44.0 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Wells Fargo and Company | Q2 2026 | +14.2 % | +21.6 % |
| Citigroup inc | Q1 2026 | +14.1 % | +44.6 % |
| Capital one financial corp | Q2 2026 | +1,392.5 % | - |
| PEERS TOTAL | +22.0 % | +45.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Summit Financial Group Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Summit Financial Group Inc | Q1 2024 | - | -50.6 % |
| Jpmorgan Chase and Co | Q2 2026 | -6.4 % | - |
| Bank Of America Corporation | Q2 2026 | - | - |
| Wells Fargo and Company | Q2 2026 | -16.2 % | - |
| Citigroup inc | Q1 2026 | - | -6.7 % |
| Capital one financial corp | Q2 2026 | -73.8 % | -8.0 % |
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Summit Financial Group Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Summit Financial Group Inc | 1.24% | 1.24% | 13.29% |
| Jpmorgan Chase and Co | 1.35% | 3.71% | 17.50% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Wells Fargo and Company | 1.05% | 2.94% | 12.48% |
| Citigroup inc | 0.61% | 0.65% | 7.62% |
| Capital one financial corp | 1.56% | 3.24% | 9.26% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Summit Financial Group Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Summit Financial Group Inc | 6.56 | 2.19 |
| Jpmorgan Chase and Co | 14.30 | 4.91 |
| Bank Of America Corporation | 11.80 | 3.09 |
| Wells Fargo and Company | 12.26 | 3.07 |
| Citigroup inc | 15.46 | 2.50 |
| Capital one financial corp | 12.01 | 2.45 |
| PEERS AVERAGE | 12.72 | 3.27 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.