Summit Financial Group Inc (SMMF) Return on Equity ROE from the first quarter 2024 to first quarter 2023 and annually, average high and low, overall ranking from Mar 31 2024 to Mar 31 2023 - CSIMarket
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Summit Financial Group Inc   (NASDAQ: SMMF)
    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 first quarter 2024?
Summit Financial Group Inc achieved a return on average equity (ROE) of 13.29 % in its first quarter 2024, this is above SMMF's average return on equity of 10.94%.
Summit Financial Group Inc shareholder's equity over the 12 months ending in its first quarter 2024 are valued at $431 million

ROE has advanced compared to 13.26% in the fourth quarter 2023, due to net income growth.

Within the Regional Banks industry 40 other companies had a higher return on equity. While return on equity, the total ranking has deteriorated compared to the fourth quarter 2023 from 821 to 1063.

What is ROE?



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Return On Equity (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 Equity Change 22.93 % 24.17 % 21.89 % 23.75 % -
Y / Y Net Income Change 21.23 % 13.61 % 13.45 % -33.54 % 18.67 %
Net Income (TTM) in Millions 57 54 52 50 54
Return On Equity (TTM) 13.29 % 13.26 % 13.48 % 13.65 % 15.58 %
SMMF's Total Ranking # 1063 # 821 # 1024 # 1087 # 873
Equity (TTM) in Millions 454 440 416 413 370
Seq. Equity Change 3.2 % 5.7 % 0.79 % 11.81 % 4.24 %
Seq. Net Income Change 2.75 % 1.65 % 101.74 % -42.46 % -3.71 %

Back to SMMF Management Effectiveness >> SMMF's 5 Years Annual ROE >> Compare SMMF ROE to its Competitors
Return On Equity Company Ranking
Within: No.
Industry # 41
Sector # 213
Overall # 1063

Return On Equity Statistics
High Average Low
15.58 %
10.94 %
4.85 %
(Mar 31 2023)   (Sep 30 2012)





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 %

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




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
Subscribers only: Roe for SMMF's Competitors
Subscribers only: Roe for Summit Financial Group Inc 's Suppliers
Subscribers only: Return On Equity for SMMF's Customers




Companies with similar Return On Equity at Mar 31 2024, within Financial Sector ROE
Cohen and Steers Inc   35.91 %
Corvel Corporation  34.68 %
Kinsale Capital Group Inc   34.66 %
Hamilton Lane Incorporated  33.99 %
Greenlight Capital Re Ltd   33.75 %
Athene Holding Ltd  33.52 %
Equitable Holdings Inc   33.32 %
Marsh and Mclennan Companies Inc   32.63 %
American Express Company  32.46 %
Union Bankshares Inc   32.35 %
Jackson Financial Inc   32.23 %
Dynamic Shares Trust  31.18 %
Progressive Corp  30.37 %
Apollo Global Management Inc   30.29 %
Erie Indemnity Company  29.60 %
Paccar Inc  29.44 %
Arch Capital Group Ltd   28.67 %
Brookfield Oaktree Holdings Llc  27.58 %
Federated Hermes Inc   27.35 %
Primerica Inc   27.34 %
Atlanticus Holdings Corp  26.43 %
Molina Healthcare Inc   26.43 %
Churchill Capital Corp Ix  26.10 %
Diamond Hill Investment Group Inc   26.00 %
The Bancorp Inc   25.37 %
Manhattan Bridge Capital Inc   24.66 %
Pathward Financial Inc   24.62 %
Federal Home Loan Mortgage Corporation  24.48 %
Aflac Incorporated  24.15 %
Horizon Kinetics Holding Corporation  24.11 %

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



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