Summit Financial Annual Income Statement (NASDAQ:SMMF)

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$20.25 $0.37 (1.86%) SMMF stock closing price Oct 21, 2016 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Summit Financial stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. 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. 2015 revenue is $70.74M and has increased from $68.84M year on year as is evident when you compare the latest figures in the latest Summit Financial profit and loss statement with those of the prior corresponding period. (See also: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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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Summit Financial Net Sales or Revenues
Cost Of Goods Sold (COGS)8.33M8.99M10.39M13.15M18.27M21.03M24.95M27.34M34.29M28.31M
Summit Financial Gross Profit
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
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)
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
Summit Financial Earnings Per Share Diluted Net
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.

Before investing one should read a report on Summit Financial stock analysis. It helps to look at the following income statement items:
  • 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 BLMT stock and MNRK stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $16.1M for Summit Financial for 2015. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Summit Financial historical stock prices to check how the price has moved with time. .

Summit Financial Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield