Summit State Bank Revenue, Profits - SSBI Annual Income Statement

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$13.85 $0.25 (1.84%) SSBI stock closing price Apr 18, 2018 (Closing)

Financial analysis of Summit State Bank involves more than just checking the Summit State Bank stock price, by looking at the financial statements of the company in detail. 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 SSBI which shows a YOY revenue growth of 2.28% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The operating expenses as shown in the Summit State Bank profit and loss statement for 2017 total to $0. This line item shows that the operating expenses has decreased compared with last year. Also check: Summit State Bank assets and Summit State Bank free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Summit State Bank Revenues or Net Sales
22.43M21.93M21.22M19.93M19.51M21.78M20.6M20.14M-20.25M
Cost Of Goods Sold (COGS)------2.58M3.05M-7.33M
Summit State Bank Gross Profit
------18.01M17.09M-12.91M
Research & Development Expense----------
Selling General & Admin Expense------13.88M13.41M12.64M9.32M
Income Before Depreciation Depletion Amortization------4.13M3.68M-12.64M3.59M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense---------1.87M
Summit State Bank Pretax Income
------3.79M3.18M3.54M1.71M
Provision for Income Taxes------1.56M1.37M1.46M-
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations3.29M4.97M6.03M5.49M4.32M3.45M2.22M1.8M2.08M1M
Extraordinary Items & Discontinued Operations----------
Summit State Bank Profit/ Loss (Net Income)
3.29M4.97M6.03M5.49M4.32M3.45M2.22M1.8M2.08M1M
Average Shares used to compute Diluted EPS6.06M6.04M6.05M6.04M5.99M5.93M5.93M5.97M5.96M5.93M
Average Shares used to compute Basic EPS6.03M6.01M5.98M5.97M5.95M5.93M5.93M5.93M5.93M5.93M
Income Before Nonrecurring Items3.58M4.97M6.03M5.49M4.32M3.45M2.23M1.81M2.08M1.01M
Income from Nonrecurring Items-0.29M---------
Summit State Bank Earnings Per Share Basic Net
0.550.820.990.900.680.500.260.210.260.17
Summit State Bank Earnings Per Share Diluted Net
----------
EPS Diluted Before Nonrecurring Items0.590.820.980.890.680.500.260.210.260.17
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.460.380.380.350.340.290.290.290.290.29
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 State Bank 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 YoY growth - See: Summit State Bank revenue chart implies that the company is growing. It has been the case with Summit State Bank. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Summit State Bank try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called the profit and loss statement. Apart from the SSBI income statement, one can check the Summit State Bank historical stock prices to check how the price has moved with time.

Summit State Bank Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
25.18
PS Ratio (price sales ratio)
3.73
Operating Margin
0
Net Profit Margin
7.5
Dividend Yield
3.32%