Summit Financial Group Inc 's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Summit Financial Group Inc 's ROA in the first quarter of 2024?
Summit Financial Group Inc achieved a return on average assets (ROA) of 1.25 % in its first quarter of 2024, this is above SMMF's average return on assets of 1.01%.
Summit Financial Group Inc s assets during the 12 months ending in the first quarter of 2024 are valued at $4 billion

ROA has improved compared to 1.24% in the fourth quarter of 2023, due to net income growth.

However, within the Financial sector 445 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2024 quarter, so far to 2130, from total ROA ranking in the fourth quarter of 2023 at 2492.

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Return On Assets	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Total Assets Change	17.6 %	-33.44 %	18.25 %	21.33 %	9.4 %
Y / Y Net Income Change	21.23 %	13.61 %	13.45 %	-33.54 %	18.67 %
Net Income (TTM) in million	57	54	52	50	54
Return On Assets (TTM)	1.25 %	1.24 %	1.05 %	1.05 %	1.18 %
SMMF's Total Ranking	# 2130	# 2492	# 2260	# 2304	# 2250
Total Assets (TTM) in million	4,609	4,603	4,564	4,505	3,919
Seq. Total Assets Change	0.13 %	0.85 %	1.31 %	14.95 %	-43.33 %
Seq. Net Income Change	2.75 %	1.65 %	101.74 %	-42.46 %	-3.71 %

SMMF's 5 Years Annual ROA >> Back to SMMF Management Effectiveness >> Compare SMMF ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 48
Sector	# 446
Overall	# 2103

Return On Assets Statistics
High	Average	Low
1.4 %	1.01 %	0.36 %
(Mar 31 2023)		(Sep 30 2012)

Financial Statements
Summit Financial Group Inc 's Assets	$ 4,609 million	SMMF's Balance sheet
Summit Financial Group Inc 's Income	$ 17 million	Quarterly SMMF's Income Statement
SMMF's Income by Division		See SMMF's Income by Division

Annual Return On Assets	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	(Dec 31 2020) FY 2020	(Dec 31 2019) FY 2019
Y / Y Total Assets Change	18.4 %	11.14 %	16.35 %	28.4 %	9.37 %
Total Assets in million	4,603	3,888	3,498	3,007	2,342
Y / Y Net Income Change	3.87 %	14.38 %	46.01 %	-1.69 %	13.52 %
Net Income in million	54	52	46	31	32
Annual Return On Assets	1.18 %	1.35 %	1.31 %	1.04 %	1.36 %

SMMF's 5 Years Annual ROA >> Back to SMMF Management Effectiveness >> Compare SMMF ROA to its Competitors

Comment on SMMF's ROA in the fiscal year ending 2023

In the fiscal year 2023 ROA deteriorated to 1.18 %, despite annual net income growth of 3.87 % to $54.34 million, from $52.32 million a year ago, as SMMF's assets increase to $4,603.22 million, by 3.87 %.

More Return On Assets Ratios
SMMF's' Return on Assets at Yahoo Finance
Regional Banks Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
SMMF's Roa Ratio versus Regional Banks Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for SMMF's Competitors
Subscribers only: Roa for Summit Financial Group Inc 's Suppliers
Subscribers only: Return On Assets for SMMF's Customers

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Companies with similar Return On Assets at Mar 31 2024, within Financial Sector	ROA
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Global Self Storage Inc	3.31 %
Credit Acceptance Corp	3.31 %
Blue Owl Capital Inc	3.29 %
Tortoiseecofin Acquisition Corp Iii	3.28 %
Hagerty Inc	3.27 %
Mountain and Co I Acquisition Corp	3.26 %
Centene Corporation	3.26 %
Seven Hills Realty Trust	3.22 %
Regency Centers Corporation	3.19 %
Caretrust Reit Inc	3.19 %
Invesco Currencyshares British Pound Sterling Trust	3.19 %
Bynordic Acquisition Corporation	3.18 %
Embrace Change Acquisition Corp	3.18 %
Cactus Acquisition Corp 1 Ltd	3.17 %
Franklin Resources Inc	3.16 %
Abrdn Precious Metals Basket Etf Trust	3.15 %
W P Carey Inc	3.13 %
Epr Properties	3.12 %
Aimfinity Investment Corp I	3.10 %
Silverbox Corp Iii	3.08 %
Universal Insurance Holdings Inc	3.08 %
Mercury General Corporation	3.06 %
Selective Insurance Group Inc	3.06 %
Tmt Acquisition Corp	3.04 %
Acri Capital Acquisition Corp	3.02 %
Omega Healthcare Investors Inc	3.02 %

Date modified: 2026-09-12T06:19:04+00:00

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