Summit Financial Annual Income Statement (NASDAQ:SMMF)

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$25.81 $0.89 (3.33%) SMMF stock closing price Jan 17, 2017 (Closing)

Looking at financial statements, along with the Summit Financial stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. The income statement for SMMF which implies a YoY revenue growth of $1.9M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The Summit Financial profit and loss statement for 2015 shows a profit of $16.1M. Profits have grown from $11.35M YoY. Apart from this an investor should also check Summit Financial assets and Summit Financial free cash flow. Summit Financial revenue for 2015 is $70.74M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Summit Financial Net Sales or Revenues
70.74M68.84M68.48M69.22M76.59M86.89M95.33M96.35M98.74M84.53M
Cost Of Goods Sold (COGS)8.33M8.99M10.39M13.15M18.27M21.03M24.95M27.34M34.29M28.31M
Summit Financial Gross Profit
62.4M59.85M58.09M56.06M58.32M65.85M70.38M69M64.44M56.21M
Research & Development Expense----------
Selling General & Admin Expense34.68M37.32M38.9M37.87M39.93M51.95M51.87M43.9M26.9M23.3M
Income Before Depreciation Depletion Amortization27.72M22.53M19.19M18.18M18.38M13.9M18.51M25.1M37.54M32.91M
Depreciation Depletion Amortization0.2M0.25M0.35M0.35M0.35M0.35M0.35M0.35M0.25M0.15M
Non Operating Income-------0.68M--
Interest Expense4.53M6.24M8.08M10.9M12.92M18.48M21.04M22.06M18.02M16.67M
Summit Financial Pretax Income
22.99M16.03M10.75M6.93M5.1M-4.93M-2.88M2M19.27M16.09M
Provision for Income Taxes6.89M4.67M2.68M1.21M1.03M-2.95M-2.16M-0.29M5.73M5.02M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations16.1M11.35M8.06M5.71M4.07M-1.97M-0.71M2.3M13.53M11.07M
Extraordinary Items & Discontinued Operations---------7.08M-2.8M
Summit Financial Net Income (Profit/Loss)
16.1M11.35M8.06M5.71M4.07M-1.97M-0.71M2.3M6.45M8.26M
Average Shares used to compute Diluted EPS10.72M9.71M9.62M9.6M8.34M7.43M7.43M7.45M7.24M7.18M
Average Shares used to compute Basic EPS10.3M7.54M7.44M7.43M7.43M7.43M7.42M7.41M7.24M7.12M
Income Before Nonrecurring Items16.1M11.36M8.07M5.71M8.4M-1.98M1.98M6.24M13.54M11.07M
Income from Nonrecurring Items-----4.32M--2.7M-3.94M--
Summit Financial Earnings Per Share Basic Net
1.561.400.980.660.50-0.31-0.110.310.891.16
Summit Financial Earnings Per Share Diluted Net
1.501.170.840.600.49-0.31-0.110.310.881.15
EPS Diluted Before Nonrecurring Items1.501.170.840.601.01-0.310.260.841.851.54
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.32-----0.060.360.340.32
All figures in USD. M: Millions of USD, B: Billions of USD.
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Summit Financial stock analysis involves checking at least a few of the important things like:
  • Topline: A growing topline, as seen from the Summit Financial revenue chart, as is the case with Summit Financial indicates a growing business. One needs to compare the QoQ or YoY topline growth of SMMF stock with its peers like OABC stock and AMNB stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $70.74M - other expenses = $16.1M for SMMF stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Summit Financial historical stock prices provides a lot of details about the firm. .

Summit Financial Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
16.4390
PS ratio (
price sales ratio
)
3.7910
Operating margin
43.4
Net profit margin
22.9
Dividend yield
1.47%