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Summit Financial Group Inc (SMMF) Quarterly Income Statement

Quarterly · GAAP · USD millions
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This income statement overview for Summit Financial Group Inc spans from Mar 31 2023 to Mar 31 2024, showing how the company's revenues, expenses, and earnings have changed across reporting periods.
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Commercial Data Licensing & OEM
Annual commercial subscriptions for corporate use, internal BI systems, management reporting, AI integration, and client-facing platforms
API & Data Feeds
Programmatic access to normalized fundamentals & ratios.
Quarterly Report, GAAP in USD millions
ITEM 		(Mar 31 2024)
Q1 2024 		(Dec 31 2023) (Sep 30 2023) (Jun 30 2023) (Mar 31 2023)
Revenues
Interest and Fee Income, Loans and Leases59.20
Interest and Dividend Income, Securities, Operating1.12
Interest Income, Deposits with Financial Institutions0.13
Other Income5.07
Total Interest Income65.52
Interest Expense, Deposits21.43
Interest Expense, Short-term Borrowing2.66
Total Interest Expense25.60
Net Interest Income39.92
Provision for loan losses0.00
Total Net Interest Income39.92
Revenue From Contract With Customer Including Assessed Tax4.50
Other Non-interest Income0.11
Loss / Gain on Investment0.02
Other Non-Interest Income-0.64
Total Non-interest Income5.08
Total Revenues45.00
Costs & Expenses
Salaries & employee benefits, SGA0.27
Restructuring, Accretion & impairment charges0.05
Depreciation & Amortization0.99
Occupancy, Net1.70
Professional Fees0.39
Federal Deposit Insurance Corporation Premium Expense0.72
Other Noninterest Expense3.44
Other loss /-income15.41
Total Operating Expenses22.96
Total Costs & Expenses48.56
Income & Taxes
Income /-loss before income taxes22.04
Income taxes expenses/-benefit5.00
Income after income taxes16.82
Net income/-loss of other equity-0.23
Income /-loss after income taxes16.82
Net Income/-loss16.82
Preferred dividends0.23
Income/-loss to shareholder16.82
Earnings Per Share
Basic EPS (excl. extra items)1.15
Basic Net EPS1.15
Basic shares outstanding (Mill. of Units)14.68
Diluted Net EPS1.14
Diluted average shares (Mill. of Units)14.75
Dividend per share0.22
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About Summit Financial Group Inc Quarterly 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-Q 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.