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Summit Financial Group Inc   (SMMF)
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    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Summit Financial Group Inc Income Statement Quarterly

SMMF


Select the Financial Report:   Period:   Fiscal Year:

INCOME STATEMENT
(Quarterly GAAP In millions $)

(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
Interest and Fee Income, Loans and Leases 59.80 58.02 54.37 45.42 43.55
Interest and Dividend Income, Securities 1.41 1.39 1.35 1.41 -1.99
Interest Income, Deposits with Financial Institutions 0.12 0.24 0.20 0.17 0.07
Other Income 5.18 5.05 4.94 3.48 6.21
Total Interest Income 66.52 64.69 60.86 50.48 47.84
Interest Expense, Deposits 21.42 19.92 17.85 14.00 10.19
Interest Expense, Short-term Borrowings 2.79 1.99 1.21 0.82 -0.65
Other Intrest Expenses 1.51 1.50 1.44 1.45 3.94
Total Interest Expense 25.72 23.42 20.55 16.29 13.49
Net Interest Income 40.79 41.27 40.31 34.19 34.35
Provision for loan losses 1.50 1.25 8.00 1.50 1.50
Total Net Interest Income 39.29 40.02 32.31 32.69 32.85
Insurance Commissions and Fees - - - - -
Revenue From Contract With Customer Including Assessed Tax 4.84 4.65 4.88 3.89 10.32
Profit (Loss) from Real Estate Operations - - - - -
Other Noninterest Income 0.20 0.11 0.10 0.12 -0.45
Tax Exempt - - - - -
Debt Securities Available For Sale Realized Gain Loss 0.21 - -0.21 - -
Mortgage Origination Revenue -0.17 - 0.17 - -
Other Non-Interest Income 0.33 -0.47 -0.89 -0.33 -5.64
Bankcardexpense - - - - -1.52
Foreclosedpropertiesexpensenetoflosses - - - - -0.05
0.81 0.97 0.95 0.70 2.20
Total Noninterest Income 5.80 5.27 5.42 4.39 4.87
Total Revenues 45.10 45.29 37.74 37.08 37.72
Salaries & employee benefits, SGA 0.43 0.25 0.26 0.17 19.45
Restructuring, Accretion & impairment charges 0.84 1.11 4.16 0.33 0.08
Depriciation & Amortization 1.00 1.00 1.00 0.34 0.35
Foreclosed Real Estate Expense - - - - 0.21
Occupancy, Net 1.55 1.44 1.53 1.33 1.33
Professional Fees 0.53 0.40 0.47 0.38 0.39
Policyholder Benefits and Claims Incurred, Net - - - - -
Equipment, Postage and Supplies Net - - - - -
Federal Deposit Insurance Corporation Premium Expense 0.67 0.72 0.74 0.33 0.35
Other Noninterest Expense 4.35 3.95 3.64 2.97 2.93
Other loss/ -income 14.54 15.30 15.52 13.55 -7.11
Total Operating Expenses 23.91 24.16 27.32 19.40 18.85
Total Costs & Expenses 49.63 47.58 47.87 35.69 32.34
Income /-loss before income taxes 21.19 21.13 10.41 17.68 18.87
Income taxes expenses/-benefit 4.59 4.79 2.20 3.58 3.78
Income after income taxes 16.37 16.11 7.98 13.88 14.41
Net income/-loss of other equity -0.23 -0.23 -0.23 -0.23 -0.68
Income /-loss after income taxes 16.37 16.11 7.98 13.88 14.41
Noncontrolling Interests - - - - -
Discontinued Operations - - - - -
Extraordinary Items - - - - -
Net Income/-loss 16.37 16.11 7.98 13.88 14.41
   Noncontrolling interests - - - - -
   Prefered dividends - - - - -
   Other - - - - -
Income/-loss to shareholder 16.37 16.11 7.98 13.88 14.86


Per Share (GAAP Quarterly, in $) (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
Basic EPS (excl. extra items) 1.09 1.10 0.54 1.09 1.17
   Extraordinary items -0.02 0.00 0.00 0.00 0.00
Basic Net EPS 1.11 1.10 0.54 1.09 1.17
Basic shares outstanding (Mill. of Units) 14.74 14.64 14.79 12.73 12.69
   EPS other shares - - - - -
Diluted Net EPS 0.98 1.09 0.54 1.08 1.17
Diluted average shares (Mill. of Units) 14.26 14.78 14.79 12.85 12.82
Dividend per share 0.79 - 0.198 0.199 0.199



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