Summit Financial Income Statement - Quarterly (NASDAQ:SMMF)

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$24.11 $0.25 (1.03%) SMMF stock closing price Feb 24, 2017 (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 is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the SMMF stock is bound to reflect the impact of the QoQ growth of $2.08M. 2016-Q4 revenue is $20.74M and has increased from $18.66M quarter on quarter 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) 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-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Summit Financial Net Sales or Revenues
20.74M18.66M18.33M17.97M17.82M17.52M17.52M17.88M17.27M17.67M
Cost Of Goods Sold (COGS)-2.2M2.15M2.17M2.09M2.1M2.07M2.07M2.14M2.28M
Summit Financial Gross Profit
-16.44M16.17M15.8M15.74M15.41M15.44M15.81M15.15M15.38M
Research & Development Expense----------
Selling General & Admin Expense-8.28M8.48M8.64M8.7M9.07M8.51M8.4M9.07M9.38M
Income Before Depreciation Depletion Amortization-8.15M7.69M7.15M7.05M6.34M6.93M7.4M6.1M5.99M
Depreciation Depletion Amortization-0.05M0.05M0.05M0.05M0.05M0.05M0.05M0.06M0.05M
Non Operating Income-0.08M0.15M0.11M------
Interest Expense-1.66M1.39M1.21M1.14M1.12M1.12M1.15M1.38M1.39M
Summit Financial Pretax Income
-6.36M6.09M5.78M5.87M5.17M5.75M6.2M4.67M4.55M
Provision for Income Taxes-2.08M1.84M1.71M1.72M1.51M1.74M1.92M1.47M1.21M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations4.71M4.28M4.24M4.06M4.15M3.66M4.01M4.29M3.2M3.34M
Extraordinary Items & Discontinued Operations----------
Summit Financial Net Income (Profit/Loss)
4.71M4.28M4.24M4.06M4.15M3.66M4.01M4.29M3.2M3.34M
Average Shares used to compute Diluted EPS10.76M10.73M10.7M10.68M10.67M10.71M10.68M10.49M9.96M9.63M
Average Shares used to compute Basic EPS10.71M10.69M10.68M10.67M10.66M10.7M10.67M8.82M7.8M7.46M
Income Before Nonrecurring Items4.71M4.38M3.92M4.06M4.15M3.66M4.01M4.44M3.2M3.34M
Income from Nonrecurring Items--0.1M0.32M-----0.15M--
Summit Financial Earnings Per Share Basic Net
0.440.400.400.380.390.340.380.490.390.42
Summit Financial Earnings Per Share Diluted Net
0.440.400.400.380.390.340.380.410.320.35
EPS Diluted Before Nonrecurring Items0.440.410.370.370.390.340.380.420.320.35
Preferred Dividends Acc Pd----------
Dividends Common1.071.07--------
Dividend Per Share Common0.100.100.100.100.080.080.080.08--
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:
  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth (See: Summit Financial revenue chart) implies that the company is growing, which has been the case with Summit Financial. One must stay away from stocks whose revenues are declining.
  • 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)
14.8830
PS ratio (
price sales ratio
)
3.4111
Operating margin
43.4
Net profit margin
22.9
Dividend yield
1.66%