Summit Financial Group, Inc.

SMMF

US86606G1013

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
27.45 ^USD	+0.15%		+0.92%	-10.56%

Apr. 25	Summit Financial Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 25	Earnings Flash (SMMF) SUMMIT FINANCIAL GROUP Reports Q1 EPS $1.14	MT

Summit Financial Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023

January 25, 2024 at 12:01 pm EST

Summit Financial Group, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 156.57 million compared to USD 128.99 million a year ago. Net income was USD 55.24 million compared to USD 53.22 million a year ago.

Basic earnings per share from continuing operations was USD 3.82 compared to USD 4.1 a year ago. Diluted earnings per share from continuing operations was USD 3.81 compared to USD 4.08 a year ago.

Latest news about Summit Financial Group, Inc.

Summit Financial Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Earnings Flash (SMMF) SUMMIT FINANCIAL GROUP Reports Q1 EPS $1.14	Apr. 25	MT
Summit Financial Group, Burke & Herbert Financial Services Receive All Regulatory Approvals for Proposed Merger	Apr. 19	MT
Tranche Update on Summit Financial Group, Inc.'s Equity Buyback Plan announced on February 28, 2020.	Mar. 12	CI
Summit Financial Group, Inc. Declares Dividend for the First Quarter 2024, Payable on March 29, 2024	Feb. 23	CI
Summit Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
Summit Financial Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 25	CI
Earnings Flash (SMMF) SUMMIT FINANCIAL GROUP Posts Q4 EPS $1.11	Jan. 25	MT
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
Earnings Flash (SMMF) SUMMIT FINANCIAL GROUP Reports Q4 EPS $1.11	Jan. 25	MT
Summit Financial Group, Inc. Announces Resignation of John H. Shott as Member of the Board of Director	Dec. 08	CI
Summit Financial Keeps Quarterly Dividend at $0.22 Per Share; Payable Dec. 29 to Shareholders of Record on Dec. 15	Nov. 28	MT
Summit Financial Group, Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023	Nov. 28	CI
Tranche Update on Summit Financial Group, Inc.'s Equity Buyback Plan announced on February 28, 2020.	23-10-27	CI
Summit Financial Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-27	CI
Earnings Flash (SMMF) SUMMIT FINANCIAL GROUP Posts Q3 EPS $1.09	23-10-26	MT
Summit Financial Group, Inc. Reports Impairment Charges for the Third Quarter Ended September 30, 2023	23-10-26	CI
Burke & Herbert Financial Services, Summit Financial Group Submit Filings for Planned $371.5 Million Merger	23-10-02	MT
Summit Financial Group Insider Bought Shares Worth $343,222, According to a Recent SEC Filing	23-09-14	MT
Summit Financial Group, Inc. Announces Resignation of John W. Crites, as A Member of the Board of Directors	23-09-11	CI
DA Davidson Adjusts Price Target on Summit Financial to $27 From $25, Maintains Neutral Rating	23-08-29	MT
Summit Financial Group Ups Quarterly Dividend 10% to $0.22 a Share, Payable Sept. 29 to Shareholders of Record Sept. 15	23-08-25	MT
Summit Financial Group, Inc. Increases Quarterly Common Dividend, Payable on September 29, 2023	23-08-25	CI
Burke & Herbert Financial Services, Summit Financial Group Enter Into All-Stock $371.5 Million Merger	23-08-24	MT
Burke & Herbert Financial Services Corp. agreed to acquire Summit Financial Group, Inc. from shareholders in a merger of equals transaction for approximately $380 million.	23-08-03	CI

Chart Summit Financial Group, Inc.

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Company Profile

Summit Financial Group, Inc. is the financial holding company for Summit Community Bank, Inc (the Bank). The Company provides a range of banking and other financial services to individuals and businesses. It has a trust and wealth management division offering trust services and other non-bank financial products within its community bank's market area. It provides a range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; trust and wealth management services, and cash management services. Under its commercial banking, it is focused on offering a broad line of financial products and services to small and medium-sized businesses through full service banking offices. Its bankers serve commercial and individual clients throughout West Virginia, the Washington, D.C. metropolitan area, Virginia, Kentucky, Eastern Shore of Maryland and Delaware. The Bank operates approximately 54 banking offices.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Ratings for Summit Financial Group, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

27.45 USD

Average target price

30 USD

Spread / Average Target

+9.29%

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