Summit Financial Group Inc   (SMMF)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $28.4800 $0.12 0.423%
Day's High: $28.73 Week Perf: -1.28 %
Day's Low: $ 28.29 30 Day Perf: -1.69 %
Volume (M): 19 52 Wk High: $ 30.83
Volume (M$): $ 541 52 Wk Avg: $27.48
Open: $28.73 52 Wk Low: $24.27

 Market Capitalization (Millions $) 364
 Shares Outstanding (Millions) 13
 Employees 231
 Revenues (TTM) (Millions $) 136
 Net Income (TTM) (Millions $) 50
 Cash Flow (TTM) (Millions $) -165
 Capital Exp. (TTM) (Millions $) 2

Summit Financial Group Inc

Summit Financial Group, Inc. is a financial holding company headquartered in Moorefield, West Virginia incorporated on March 5, 1987. We provide community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley and Northern region of Virginia. We provide these services through our community bank subsidiary, Summit Community Bank. We also operate Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia, which provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty insurance products, as well as group health and life insurance products and consulting services.

We provide a wide range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; letters of credit; and cash management services. The deposits of Summit Community are insured by the Federal Deposit Insurance Corporation ("FDIC").

In order to compete with other financial service providers, we principally rely upon personal relationships established by our officers, directors and employees with our clients, and specialized services tailored to meet our clients’ needs. We have maintained a strong community orientation by, among other things, supporting the active participation of staff members in local charitable, civic, school, religious and community development activities. We also have a marketing program that primarily utilizes local radio and newspapers to advertise. Banking, like most industries, is becoming more dependent on technology as a means of marketing to customers, including the Internet, which we also utilize. This approach, coupled with continuity of service by the same staff members, enables Summit Community to develop long-term customer relationships, maintain high quality service and respond quickly to customer needs. We believe that our emphasis on local relationship banking, together with a prudent approach to lending, are important factors in our success and growth.

All operational and support functions that are transparent to clients are centralized in order to achieve consistency and cost efficiencies in the delivery of products and services by each banking office. The central office provides services such as data processing, deposit operations, accounting, treasury management, loan administration, loan review, compliance, risk management and internal auditing to enhance our delivery of quality service. We also provide overall direction in the areas of credit policy and administration, strategic planning, marketing, investment portfolio management, human resources administration, and other financial and administrative services. The banking offices work closely with us to develop new products and services needed by their customers and to introduce enhancements to existing products and services.

Our primary lending focus is providing commercial loans to local businesses with annual sales generally ranging from $300,000 to $30 million and providing owner-occupied real estate loans to individuals. Typically, our customers have financing requirements between $50,000 and $5 million. We generally do not seek loans of more than $10 million but will consider larger lending relationships exhibiting above-average credit quality. Under our commercial banking strategy, we focus on offering a broad line of financial products and services to small and medium-sized businesses through full service banking offices. Summit Community Bank has senior management with extensive lending experience. These managers exercise substantial authority over credit and pricing decisions, subject to loan committee approval for larger credits.

We segment our loan portfolio in to the following major lending categories: commercial, commercial real estate, construction and development, residential real estate, and consumer. Commercial loans are loans made to commercial borrowers that are not secured by real estate. These encompass loans secured by accounts receivable, inventory, and equipment, as well as unsecured loans. Commercial real estate loans consist of commercial mortgages, which generally are secured by nonresidential and multi-family residential properties. Commercial real estate loans are made to many of the same customers and carry similar industry risks as the commercial loan portfolio. Construction and development loans are loans made for the purpose of financing construction or development projects. This portfolio includes commercial and residential land development loans, one-to-four family housing construction, both pre-sold and speculative in nature, multi-family housing construction, non-residential building construction, and undeveloped land. Residential real estate loans are mortgage loans to consumers and are secured primarily by a first lien deed of trust. These loans are traditional one-to-four family residential mortgages. Also included in this category of loans are second liens on one-to-four family properties, commercial loans secured by one-to-four family residence, and home equity loans. Consumer loans are loans that establish consumer credit that is granted for the consumer’s personal use. These loans include automobile loans and recreational vehicle loans, as well as personal secured and unsecured loans.

   Company Address: 300 North Main Street Moorefield 26836 WV
   Company Phone Number: 530-1000   Stock Exchange / Ticker: NASDAQ SMMF
   SMMF is expected to report next financial results on March 03, 2023.

Customers Net Income grew by SMMF's Customers Net Profit Margin grew to

24.94 %

17.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
BK   -0.96%    
BPOP   -0.07%    
CFG        1.01% 
FITB   -3.37%    
MTB   -1.8%    
NTRS   -2.86%    
• View Complete Report

Trutankless Inc

Extremely pressing reporting period for the company during the most recent fiscal period

For the fourth quarter of 2021 company had turn a round to income by presenting earnings per share of $0.25 per share compare to $-0.03 a year ago and earnings per share turned positive from $-0.20 per share from the previous reporting period.

Revenues fell sharply by -78.982 % to $0.05 millions from $0.22 millions in the similar reporting period a year ago and sequentially Revenue doubled by 181.82 % from $0.02 millions.

Crowdstrike Holdings Inc

Exceptional 72.016%, rise in Revenues at CRWD in the fiscal third quarter of 2022

For the third quarter of 2022 CRWD lost money of $-0.24 per share compare to $-0.25 a year before and increased loss from $-0.21 per share from the prior reporting season.

Revenues rose strongly by 72.016 % to $580.88 millions from $337.69 millions in the similar reporting season a year before and sequentially Revenues advanced by 8.545 % from $535.15 millions.

Fccc Inc

In the financial second quarter of 2022 operating loss reflected progress to $-0.028 millions, at the Fccc Inc

While the earnings cycle of fiscal July to September 30 2022 period resumes, many companies have disclosed their numbers. Among them, have been many businesses in the Blank Checks industry. And today, FCIC issued operating loss of $-0.015 millions, for the July to September 30 2022 span.

Applied Minerals Inc

Extremely demanding financial reporting period for the company amid the third quarter of 2022 earnings season

For the July to September 30 2022 time-frame company reached balanced books of $0.00 per share compare to $-0.01 a year ago and from $0.00 per share from the prior financial reporting period.

Revenues dropped sharply by -69.046 % to $0.11 millions from $0.36 millions in the similar financial reporting period a year ago and sequentially Revenues surged by 5.262 % from $0.11 millions.

The Children S Place Inc

Very notable Reduction in Revenues at the company during the fiscal time-frame closing Oct 29 2022

In the financial third quarter of 2022 EPS dropped by -38.49 % to $3.26 per share due to Revenue decrease of -8.797 % to $509.12 millions, year on year.


Summit Financial Group Inc 's Segments
• View Complete Report


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production


Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales


Event Calendar

UNB's Profile

Stock Price

UNB's Financials

Business Description


Charts & Quotes

UNB's News


UNB's Competitors

Customers & Markets

Economic Indicators

UNB's Growth

Company Segments


Stock Performance

Growth Rates




Financial Strength


Largest Companies

Management Effectivness


At a Glance


Growth Rates



Financial Strength


At a Glance



Sectors & Industries




At a Glance








About us


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2022 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071