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Summit Financial Group Inc   (SMMF)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Summit Financial Group Inc 's ROE per quarter

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


What is ROE for Summit Financial Group Inc in the forth quarter 2023?
Summit Financial Group Inc achieved a return on average equity (ROE) of 13.26 % in its forth quarter 2023, this is above SMMF's average return on equity of 12.18%.
Summit Financial Group Inc shareholder's equity over the 12 months ending in its forth quarter 2023 are valued at $410 million

ROE fell compared to the third quarter 2023, despite the net income growth of 1.65% from the third quarter 2023.

Within the Regional Banks industry 37 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 821, from total ROE ranking in the third quarter 2023 at 1024.

What is ROE?



Return On Equity (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Equity Change 24.17 % 21.89 % 23.75 % 11.83 % -
Y / Y Net Income Change 13.61 % 13.45 % -33.54 % 18.67 % 14.55 %
Net Income (TTM) in Millions 54 52 50 54 52
Return On Equity (TTM) 13.26 % 13.48 % 13.65 % 15.58 % 15.38 %
SMMF's Total Ranking # 821 # 1024 # 1087 # 873 # 1029
Equity (TTM) in Millions 440 416 413 370 355
Seq. Equity Change 5.7 % 0.79 % 11.81 % 4.24 % 3.76 %
Seq. Net Income Change 1.65 % 101.74 % -42.46 % -3.71 % 1.5 %

Return On Equity Company Ranking
Within: No.
Industry # 38
Sector # 152
Overall # 821

Return On Equity Statistics
High Average Low
15.58 %
12.18 %
6.38 %
(Mar 31 2023)   (Dec 31 2017)





SMMF Annual Return On Equity (Dec 31 2023)
2023
(Dec 31 2022)
2022
(Dec 31 2021)
2021
(Dec 31 2020)
2020
(Dec 31 2019)
2019
Total Equity in Millions 440 355 327 282 248
Y / Y Equity Change 24.17 % 8.26 % 16.3 % 13.65 % 12.71 %
Net Income in Millions 54 52 46 31 32
Y / Y Net Income Change 3.87 % 14.38 % 46.01 % -1.69 % 13.52 %
Return On Equity 12.34 % 14.76 % 13.97 % 11.13 % 12.86 %





Annual Roe Comment
In 2023 ROE fell to 12.34 %, despite net income growth.


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




Companies with similar Return On Equity at Dec 31 2023, within Financial Sector ROE
Equitable Holdings Inc   35.72 %
Kinsale Capital Group Inc   33.32 %
Marsh and Mclennan Companies Inc   32.16 %
Slm Corp  31.80 %
Everest Group Ltd   31.18 %
American Express Co  30.99 %
Hamilton Lane Inc  30.79 %
Molina Healthcare Inc   29.09 %
Arch Capital Group Ltd   28.56 %
Erie Indemnity Company  28.29 %
Atlanticus Holdings Corp  27.68 %
Regions Financial Corporation  27.29 %
Federated Hermes Inc   27.28 %
Cme Group Inc   26.67 %
Unitedhealth Group Incorporated  25.92 %
Bread Financial Holdings Inc   25.57 %
Federal National Mortgage Association Fannie Mae  24.48 %
Federal Home Loan Mortgage Corporation  24.31 %
Pathward Financial Inc   24.21 %
Enstar Group Ltd  23.95 %
Westamerica Bancorporation  23.82 %
Manhattan Bridge Capital Inc   23.79 %
Globe Life Inc   22.93 %
Provident Bancorp Inc   22.88 %
Crossfirst Bankshares inc   22.77 %
Plumas Bancorp  22.70 %
Rli Corp  22.70 %
The Bank Of N t Butterfield and Son Limited  22.47 %
Sei Investments Company  22.40 %
Burford Capital Limited  22.39 %


Date modified: 2024-03-13T04:06:54+00:00



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