Summit Financial Income Statement - Quarterly (NASDAQ:SMMF)

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$25.44 $0.44 (1.7%) SMMF stock closing price Jan 19, 2017 (Closing)

Financial analysis of Summit Financial involves more than just checking the Summit Financial stock price, by looking at the financial statements of the company in detail. 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. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $18.33M to $18.66M and how operating and non operating activities have impacted the SMMF stock. One also needs to look at Summit Financial assets, operating expenses and Summit Financial free cash flow. The profit and loss statement shows revenue of $18.66M for 2016-Q3. Revenue has grown by $0.33M QoQ for SMMF stock. View details of revenue and profits for Summit Financial for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Summit Financial Net Sales or Revenues
18.66M18.33M17.97M17.82M17.52M17.52M17.88M17.27M17.67M17.05M
Cost Of Goods Sold (COGS)2.2M2.15M2.17M2.09M2.1M2.07M2.07M2.14M2.28M2.33M
Summit Financial Gross Profit
16.44M16.17M15.8M15.74M15.41M15.44M15.81M15.15M15.38M14.71M
Research & Development Expense----------
Selling General & Admin Expense8.28M8.48M8.64M8.7M9.07M8.51M8.4M9.07M9.38M9.46M
Income Before Depreciation Depletion Amortization8.15M7.69M7.15M7.05M6.34M6.93M7.4M6.1M5.99M5.24M
Depreciation Depletion Amortization0.05M0.05M0.05M0.05M0.05M0.05M0.05M0.06M0.05M0.06M
Non Operating Income0.08M0.15M0.11M-------
Interest Expense1.66M1.39M1.21M1.14M1.12M1.12M1.15M1.38M1.39M1.68M
Summit Financial Pretax Income
6.36M6.09M5.78M5.87M5.17M5.75M6.2M4.67M4.55M3.49M
Provision for Income Taxes2.08M1.84M1.71M1.72M1.51M1.74M1.92M1.47M1.21M1.06M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations4.28M4.24M4.06M4.15M3.66M4.01M4.29M3.2M3.34M2.43M
Extraordinary Items & Discontinued Operations----------
Summit Financial Net Income (Profit/Loss)
4.28M4.24M4.06M4.15M3.66M4.01M4.29M3.2M3.34M2.43M
Average Shares used to compute Diluted EPS10.73M10.7M10.68M10.67M10.71M10.68M10.49M9.96M9.63M9.63M
Average Shares used to compute Basic EPS10.69M10.68M10.67M10.66M10.7M10.67M8.82M7.8M7.46M7.46M
Income Before Nonrecurring Items4.38M3.92M4.06M4.15M3.66M4.01M4.44M3.2M3.34M3.1M
Income from Nonrecurring Items-0.1M0.32M-----0.15M---0.67M
Summit Financial Earnings Per Share Basic Net
0.400.400.380.390.340.380.490.390.420.30
Summit Financial Earnings Per Share Diluted Net
0.400.400.380.390.340.380.410.320.350.25
EPS Diluted Before Nonrecurring Items0.410.370.370.390.340.380.420.320.350.32
Preferred Dividends Acc Pd----------
Dividends Common1.07---------
Dividend Per Share Common0.100.100.100.080.080.080.08---
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Summit Financial stock analysis. It helps to look at the following income statement items:
  • 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 $18.66M for 2016-Q3 as per this Summit Financial revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $18.66M - other expenses = $4.28M 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)
16.2040
PS ratio (
price sales ratio
)
3.7367
Operating margin
43.4
Net profit margin
22.9
Dividend yield
1.49%