Summit State Bank (SSBI)
Provides customized credit and deposit services across Sonoma County and the North Bay.
Summit State Bank Reports Second Quarter 2026 Financial Results
SANTA ROSA, Calif., July 28, 2026 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported a net loss of $1,307,000, or $0.19 loss per diluted share for the second quarter ended June 30, 2026, compared to net income of $2,417,000, or $0.36 per diluted share for the second quarter ended June 30, 2025.
Summit State Bank Earns $1,674,000, or $0.25 Per Diluted Share, in First Quarter 2026
SANTA ROSA, Calif., April 28, 2026 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income of $1,674,000, or $0.25 per diluted share for the first quarter ended March 31, 2026, compared to net income of $2,494,000, or $0.37 per diluted share for the first quarter ended March 31, 2025.
Summit State Bank (NASDAQ:SSBI) & First National of Nebraska (OTCMKTS:FINN) Critical Survey
First National of Nebraska (OTCMKTS:FINN - Get Free Report) and Summit State Bank (NASDAQ: SSBI - Get Free Report) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, profitability, dividends, risk and earnings. Insider and Institutional Ownership 0.7%
Summit State Bank (NASDAQ:SSBI) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened
Summit State Bank (NASDAQ: SSBI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.00 and traded as high as $13.33. Summit State Bank shares last traded at $13.07, with a volume of 7,458 shares traded. Analyst Ratings Changes Separately,
Summit State Bank Earns $1,067,000, or $0.16 Per Diluted Share, in Fourth Quarter 2025
SANTA ROSA, Calif., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income of $1,067,000, or $0.16 per diluted share for the fourth quarter ended December 31, 2025, compared to net loss of $7,142,000, or $1.06 loss per diluted share for the fourth quarter ended December 31, 2024.
Comparing Summit State Bank (NASDAQ:SSBI) and Zions Bancorporation, N.A. (NASDAQ:ZION)
Zions Bancorporation, N.A. (NASDAQ: ZION - Get Free Report) and Summit State Bank (NASDAQ: SSBI - Get Free Report) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends and earnings. Valuation and Earnings This table compares
Summit State Bank (NASDAQ:SSBI) & Heritage Commerce (NASDAQ:HTBK) Head-To-Head Contrast
Heritage Commerce (NASDAQ: HTBK - Get Free Report) and Summit State Bank (NASDAQ: SSBI - Get Free Report) are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, valuation, dividends, institutional ownership and earnings. Institutional and Insider Ownership 75.6% of
Summit State Bank (NASDAQ:SSBI) Share Price Passes Above 200 Day Moving Average – Here’s What Happened
Summit State Bank (NASDAQ: SSBI - Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.29 and traded as high as $11.60. Summit State Bank shares last traded at $11.34, with a volume of 14,180 shares. Wall Street Analysts Forecast Growth Separately, Weiss
Summit State Bank (NASDAQ:SSBI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?
Summit State Bank (NASDAQ: SSBI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $11.23 and traded as high as $11.38. Summit State Bank shares last traded at $11.10, with a volume of 5,100 shares. Analysts
Financial Contrast: Summit State Bank (NASDAQ:SSBI) & Five Star Bancorp (NASDAQ:FSBC)
Five Star Bancorp (NASDAQ: FSBC - Get Free Report) and Summit State Bank (NASDAQ: SSBI - Get Free Report) are both small-cap finance companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, profitability and risk. Volatility and Risk Five Star
Summit State Bank (NASDAQ:SSBI) vs. RBB Bancorp (NASDAQ:RBB) Financial Analysis
Summit State Bank (NASDAQ: SSBI - Get Free Report) and RBB Bancorp (NASDAQ: RBB - Get Free Report) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, profitability, risk, dividends, earnings and analyst recommendations. Volatility and Risk Summit State Bank
Summit State Bank Earns $818,000, or $0.12 Per Diluted Share, in Third Quarter 2025
SANTA ROSA, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income of $818,000, or $0.12 per diluted share for the third quarter ended September 30, 2025, compared to net income of $626,000, or $0.09 per diluted share for the third quarter ended September 30, 2024.
Summit State Bank Earns $2.4 Million, or $0.36 Per Diluted Share, in Second Quarter 2025
SANTA ROSA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income of $2,417,000, or $0.36 per diluted share for the second quarter ended June 30, 2025, compared to net income of $928,000, or $0.14 per diluted share for the second quarter ended June 30, 2024.
Summit State Bank Earns $2.5 Million, or $0.37 Per Diluted Share, in First Quarter 2025
SANTA ROSA, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income of $2,494,000, or $0.37 per diluted share for the first quarter ended March 31, 2025, compared to net income of $1,395,000, or $0.21 per diluted share for the first quarter ended March 31, 2024.
Summit State Bank Reports Revised Fourth Quarter 2024 Financial Results
SANTA ROSA, Calif., March 28, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported that it has revised its fourth quarter and full year 2024 financial results from those announced in the press release dated January 28, 2025. In connection with the preparation and review of its 2024 financial statements, the Bank has concluded it is necessary to record a $693,000 other real estate owned valuation adjustment, a $146,000 increase in reserve for unfunded loans, and a $76,000 credit loss provision reversal for the fourth quarter 2024. The need for the valuation adjustment results from an updated appraisal report obtained in the first quarter of 2025. The additional reserve for unfunded loans and provision reversal results from the Bank's adoption of a new CECL model as of December 31, 2024. The valuation adjustment was expensed against noninterest income and also reduced the Bank's other real estate owned asset. The additional reserve for undisbursed loans and the reversal of the credit losses on loans resulted in a net expense against the provision for credit losses. The income tax provision was adjusted accordingly for all changes noted above.
Summit State Bank Reports Fourth Quarter 2024 Financial Results
SANTA ROSA, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported a net loss of $6,605,000, or $0.98 loss per diluted share for the fourth quarter ended December 31, 2024, compared to net income of $1,901,000, or $0.28 per diluted share for the fourth quarter ended December 31, 2023. The current quarter's results were impacted by expenses including a $6,646,000 provision for credit losses on loans and a $4,119,000 one-time non-cash impairment charge to write off the remaining balance of goodwill. The Bank has taken significant charge offs and provisions for credit losses in the fourth quarter of 2024 as a proactive step towards resolving its problem loans. The goodwill impairment was a result of the Bank's stock price trading below book value and is a non-cash charge that does not impact the Bank's cash flows, liquidity, or regulatory capital. The Bank ended the year with improved regulatory capital ratios and is focused on expanding net interest margin in 2025.
Summit State Bank Reports Net Income of $626,000 for Third Quarter 2024
SANTA ROSA, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the third quarter ended September 30, 2024 of $626,000, or $0.09 per diluted share, compared to net income of $1,821,000, or $0.27 per diluted share for the third quarter ended September 30, 2023. Net operating income before credit loss provision and income tax was $2,122,000 for the third quarter ended September 30, 2024 compared to $2,520,000 for the third quarter ended 2023.
Summit State Bank Declares Quarterly Cash Dividend
SANTA ROSA, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Summit State Bank's (the “Bank”) (Nasdaq: SSBI) Board of Directors declared the Bank's eighty third consecutive quarterly cash dividend to common shareholders for $0.04 per share on September 11, 2024. The dividend will be paid on October 10, 2024, to shareholders of record on October 3, 2024.
Summit State Bank Reports Net Income of $928,000 for Second Quarter 2024
SANTA ROSA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the second quarter ended June 30, 2024 of $928,000, or $0.14 per diluted share, compared to net income of $2,985,000, or $0.45 per diluted share for the second quarter ended June 30, 2023.
Summit State Bank Reports Net Income of $1.4 Million for First Quarter 2024; Declares Quarterly Cash Dividend of $0.12 Per Common Share
SANTA ROSA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income for the first quarter ended March 31, 2024 of $1,395,000, or $0.21 per diluted share, compared to net income of $4,116,000, or $0.62 per diluted share for the first quarter ended March 31, 2023.