Summit Financial Annual Income Statement (NASDAQ:SMMF)

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$21.15 $0.47 (2.27%) SMMF stock closing price Mar 29, 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.   The income statement gives the investor an understanding of the topline and bottomline numbers of the company and helps investors evaluate if a company has been growing or not. The income statement for SMMF which implies a YoY revenue growth of $4.95M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The Summit Financial profit and loss statement for 2016 shows a profit of $17.3M. Profits have grown from $16.1M YoY. Apart from this an investor should also check Summit Financial assets and Summit Financial free cash flow. Summit Financial revenue for 2016 is $75.69M. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Summit Financial Net Sales or Revenues
75.69M70.74M68.84M68.48M69.22M76.59M86.89M95.33M96.35M98.74M
Cost Of Goods Sold (COGS)-8.33M8.99M10.39M13.15M18.27M21.03M24.95M27.34M34.29M
Summit Financial Gross Profit
-62.4M59.85M58.09M56.06M58.32M65.85M70.38M69M64.44M
Research & Development Expense----------
Selling General & Admin Expense-34.68M37.32M38.9M37.87M39.93M51.95M51.87M43.9M26.9M
Income Before Depreciation Depletion Amortization-27.72M22.53M19.19M18.18M18.38M13.9M18.51M25.1M37.54M
Depreciation Depletion Amortization-0.2M0.25M0.35M0.35M0.35M0.35M0.35M0.35M0.25M
Non Operating Income--------0.68M-
Interest Expense-4.53M6.24M8.08M10.9M12.92M18.48M21.04M22.06M18.02M
Summit Financial Pretax Income
-22.99M16.03M10.75M6.93M5.1M-4.93M-2.88M2M19.27M
Provision for Income Taxes-6.89M4.67M2.68M1.21M1.03M-2.95M-2.16M-0.29M5.73M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations17.3M16.1M11.35M8.06M5.71M4.07M-1.97M-0.71M2.3M13.53M
Extraordinary Items & Discontinued Operations----------7.08M
Summit Financial Net Income (Profit/Loss)
17.3M16.1M11.35M8.06M5.71M4.07M-1.97M-0.71M2.3M6.45M
Average Shares used to compute Diluted EPS10.72M10.72M9.71M9.62M9.6M8.34M7.43M7.43M7.45M7.24M
Average Shares used to compute Basic EPS10.69M10.3M7.54M7.44M7.43M7.43M7.43M7.42M7.41M7.24M
Income Before Nonrecurring Items17.3M16.1M11.36M8.07M5.71M8.4M-1.98M1.98M6.24M13.54M
Income from Nonrecurring Items------4.32M--2.7M-3.94M-
Summit Financial Earnings Per Share Basic Net
1.621.561.400.980.660.50-0.31-0.110.310.89
Summit Financial Earnings Per Share Diluted Net
1.611.501.170.840.600.49-0.31-0.110.310.88
EPS Diluted Before Nonrecurring Items1.611.501.170.840.601.01-0.310.260.841.85
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.400.32-----0.060.360.34
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Summit Financial stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that SMMF stock has a topline or revenue of $75.69M for 2016 as per this Summit Financial revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. SMMF stock had a healthy bottom line growth.
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)
13.0560
PS ratio (
price sales ratio
)
2.9923
Operating margin
45.8
Net profit margin
22.7
Dividend yield
1.89%