Summit Financial Group Inc Revenue Growth Rates (SMMF), Current and Historic Growth - CSIMarket
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Summit Financial Group Inc   (NASDAQ: SMMF)
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

SMMF's Revenue Growth by Quarter and Year

Summit Financial Group Inc 's Revenue results by quarter and year




SMMF Revenue (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
4th Quarter December -
3rd Quarter September -
2nd Quarter June -
1st Quarter March 45.00
FY 45.00

SMMFs Annual Revenue
Summit Financial Group Inc 's Revenue in the fiscal year 2023 $ 165.20 millions
Summit Financial Group Inc 's Revenue in the fiscal year 2022 $ 140.19 millions
Summit Financial Group Inc 's Revenue in the fiscal year 2021 $ 126.14 millions
Summit Financial Group Inc 's Revenue in the fiscal year 2020 $ 101.07 millions
Summit Financial Group Inc 's Revenue in the fiscal year 2019 $ 94.74 millions




SMMF Revenue first quarter 2024 Y/Y Growth Comment
Summit Financial Group Inc achieved in the first quarter 2024, above Company average Revenue growth of 21.36% year on year, to $ 45.00 millions.

Looking into first quarter 2024 results within Regional Banks industry 8 other companies have achieved higher Revenue growth. While Summit Financial Group Inc ' s Revenue rise of 21.36% ranks overall at the positon no. 701 in the first quarter 2024.




SMMF Revenue ( Y/Y Growth %) 2024
2023 2022 2021
4th Quarter December - 19.57 % 13.34 % 14.84 %
3rd Quarter September - 20.77 % 15.03 % 17.6 %
2nd Quarter June - 14.99 % 7.5 % 29.04 %
1st Quarter March 21.36 % 15.33 % 8.14 % 43.62 %
FY   - 17.85 % 11.14 % -

Financial Statements
Summit Financial Group Inc 's first quarter 2024 Revenue $ 45.00 millions SMMF's Income Statement
Summit Financial Group Inc 's first quarter 2023 Revenue $ 37.08 millions Quarterly SMMF's Income Statement


SMMF Revenue (Quarter on Quarter Growth %)

2024
2023 2022 2021
4th Quarter December - -0.42 % 0.59 % 2.09 %
3rd Quarter September - 20.01 % 14.26 % 6.78 %
2nd Quarter June - 1.78 % 2.08 % 2.69 %
1st Quarter March -0.22 % -1.7 % -3.4 % 2.59 %
FY (Year on Year)   - 17.85 % 11.14 % -




Revenue first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #9
Financial Sector #144
Overall #701

Revenue Y/Y Growth Statistics
High Average Low
72.11 % 13.61 % -100 %
(Dec 31 2013)   (Dec 31 2015)
Revenue first quarter 2024 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #9
Financial Sector #144
Overall #701
Revenue Y/Y Growth Statistics
High Average Low
72.11 % 13.61 % -100 %
(Dec 31 2013)   (Dec 31 2015)

Revenue by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Summit Financial Group Inc 's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
41.92 % 1.85 % -100 %
(Dec 31 2013)  


SMMF's I. Quarter Q/Q Revenue Comment
In the I. Quarter 2024 Summit Financial Group Inc disclosed decrease in Revenue from the fourth quarter by -0.22% to $ 45.00 millions, from $ 45.10 millions achived in the previous reporting period.

But that's not important problem, as Summit Financial Group Inc 's Revenue generally seem to plunge in this quarter.

Within Regional Banks industry 79 other companies have achieved higher Revenue quarter on quarter growth. While Summit Financial Group Inc 's Revenue growth quarter on quarter, overall rank is 1424.


Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #80
Financial Sector #353
Overall #1424
Revenue Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #80
Financial Sector #353
Overall #1424
Revenue Q/Q Growth Statistics
High Average Low
41.92 % 1.85 % -100 %
(Dec 31 2013)  


SMMF's I. Quarter Q/Q Revenue Comment
In the I. Quarter 2024 Summit Financial Group Inc disclosed decrease in Revenue from the fourth quarter by -0.22% to $ 45.00 millions, from $ 45.10 millions achived in the previous reporting period.

But that's not important problem, as Summit Financial Group Inc 's Revenue generally seem to plunge in this quarter.

Within Regional Banks industry 79 other companies have achieved higher Revenue quarter on quarter growth. While Summit Financial Group Inc 's Revenue growth quarter on quarter, overall rank is 1424.


Summit Financial Group Inc 's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
Cumulative Revenue 12 Months Ending $ 173.12 $ 165.20 $ 157.82 $ 150.03 $ 145.12
Y / Y Revenue Growth (TTM) 19.3 % 17.84 % 16.25 % 14.65 % 12.87 %
Year on Year Revenue Growth Overall Ranking # 244 # 704 # 633 # 1072 # 1195
Seqeuential Revenue Change (TTM) 4.8 % 4.67 % 5.19 % 3.39 % 3.51 %
Seq. Revenue Growth (TTM) Overall Ranking # 541 # 1196 # 1019 # 1817 # 2289


Cumulative Revenue growth Comment
Summit Financial Group Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 19.3% year on year, to $ 173 millions if the fiscal year would have ended in Mar 31 2024.
Summit Financial Group Inc 's trailing twelve months Revenue growth was higher than company's average 15.51% and higher than 17.84% growth in Dec 31 2023.
But from twelve months ended Dec 31 2023 rise was beneth at 4.8 % from $165.2 millions achieved in the period from Dec 31 2023 to Mar 31 2023.
We witness drop-off happening, more obvious observing the When you usual Q/Q TTM historic rise that is stronger at15.51%.
The momentum is even more impressive from twelve months ended Dec 31 2023 exhibited at 4.8 % increase from $165.2 millions in the period from Dec 31 2023 to Mar 31 2023.

In the Financial sector 66 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 244, from total ranking in previous quarter at 704.

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 13
Financial Sector # 67
Overall # 244

Revenue TTM Y/Y Growth Statistics
High Average Low
42.34 %
15.51 %
-0.24 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 150
S&P 500 # 541
Cumulative Revenue growth Comment
Summit Financial Group Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 19.3% year on year, to $ 173 millions if the fiscal year would have ended in Mar 31 2024.
Summit Financial Group Inc 's trailing twelve months Revenue growth was higher than company's average 15.51% and higher than 17.84% growth in Dec 31 2023.
But from twelve months ended Dec 31 2023 rise was beneth at 4.8 % from $165.2 millions achieved in the period from Dec 31 2023 to Mar 31 2023.
We witness drop-off happening, more obvious observing the When you usual Q/Q TTM historic rise that is stronger at15.51%.
The momentum is even more impressive from twelve months ended Dec 31 2023 exhibited at 4.8 % increase from $165.2 millions in the period from Dec 31 2023 to Mar 31 2023.

In the Financial sector 66 other companies have achieved higher trailing twelve month Revenue growth. While Total ranking has impoved so far to 244, from total ranking in previous quarter at 704.


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 13
Financial Sector # 67
Overall # 244

Revenue TTM Y/Y Growth Statistics
High Average Low
42.34 %
15.51 %
-0.24 %
 


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 13
Sector # 150
S&P 500 # 541




Other Revenue Growth
Regional Banks Industry Revenue Growth Trends and Statistics
Financial Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
SMMF's Revenue Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth




Companies with similar Revenue decrease for the quarter ending Mar 31 2024 within Financial SectorY/Y Change %Revenue for the quarter ending Mar 31 2024
Corebridge Financial Inc 36.93%$ 36.931 millions
Stonex Group Inc 36.79%$ 36.787 millions
Sofi Technologies Inc 36.61%$ 36.606 millions
STANDARD PREMIUM FINANCE HOLDINGS, INC.36.14%$ 36.136 millions
Pathward Financial Inc 34.38%$ 34.380 millions
Western Alliance Bancorporation34.01%$ 34.009 millions
Realty Income Corporation33.47%$ 33.470 millions
Fidelity National Financial Inc 33.35%$ 33.347 millions
Palomar Holdings Inc 32.88%$ 32.884 millions
Apollo Global Management Inc 32.81%$ 32.805 millions
Federal Home Loan Bank Of Des Moines32.58%$ 32.584 millions
Blue Owl Capital Inc 32.30%$ 32.303 millions
Pagaya Technologies Ltd 31.42%$ 31.418 millions
Tpg Re Finance Trust Inc 31.01%$ 31.006 millions
Cincinnati Financial Corporation30.97%$ 30.968 millions
Southern Missouri Bancorp Inc 30.73%$ 30.735 millions
Griid Infrastructure Inc 30.57%$ 30.574 millions
Tiptree Inc 30.55%$ 30.553 millions
Tradeweb Markets Inc 30.54%$ 30.539 millions
Velocity Financial Inc 30.16%$ 30.163 millions
Synchrony Financial30.15%$ 30.149 millions
Federal Home Loan Bank Of Boston29.77%$ 29.770 millions
National Western Life Group Inc 29.45%$ 29.455 millions
Moneylion Inc 29.18%$ 29.185 millions
Federal Home Loan Bank Of Topeka29.07%$ 29.067 millions
Federal Home Loan Bank Of Pittsburgh28.37%$ 28.369 millions
Tpg Inc 28.13%$ 28.131 millions
Axos Financial Inc 27.93%$ 27.928 millions
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About Summit Financial Group Inc Revenue Growth Rates (SMMF), Current and Historic Growth - CSIMarket Analysis

How we calculate this

This page is based on issuer-reported fundamentals and CSIMarket’s U.S. equities database (20+ years). Growth is computed using year-over-year (Y/Y), sequential, and trailing-twelve-month (TTM) methods.

What’s included here

Company: Summit Financial Group Inc (CIK 811808).

Source & verification

Last updated

  • Page updated:
  • Data lineage: SEC filings → XBRL parse → normalization CSIMarket.com Database → growth calculations.
  • Accession: 0001437749-24-014354
  • Figures are derived from filed reports and may be restated; numbers are subject to revision.

Sources: Summit Financial Group Inc ’s SEC filings (XBRL/Inline XBRL) and CSIMarket.com’s normalization & QA processes.



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