NASDAQ · Financial Statements

Summit State Bank (SSBI) Financial Statements

$12.11 NASDAQ: SSBI Market Cap $81.94M

Summit State Bank most recently reported annual revenue of $59.0M, net profit of $7.0M. Revenue grew at an average annual rate of 7.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Summit State Bank: Revenue rose from $22.0M in 2016 to $59.0M in 2025, a change of +168.2% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 38.5% to 15.2%, a shift of -23.3 percentage points; the most recent year shows net profit of $7.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$22.0M$22.0M$28.0M$32.0M$41.0M$46.0M$56.0M$65.0M$62.0M$59.0M
Operating Expenses$13.0M$17.0M$20.0M$24.0M$26.0M$26.0M$32.0M$50.0M$66.0M$50.0M
Operating Profit$8.0M$6.0M$8.0M$9.0M$15.0M$21.0M$24.0M$15.0M$-4.0M$9.0M
Operating Margin38.5%26.4%28.9%27.3%36.8%45.0%42.5%23.5%-7.1%15.2%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$1.0M$2.0M$4.0M$7.0M$6.0M$4.0M$7.0M$25.0M$29.0M$23.0M
Depreciation$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$8.0M$6.0M$8.0M$9.0M$15.0M$21.0M$24.0M$15.0M$-4.0M$9.0M
Tax$41.2M$44.4M$27.6M$27.0M$29.6M$29.6M$28.9M$29.2M$4.4M$24.2M
Net Profit$5.0M$3.0M$6.0M$6.0M$11.0M$15.0M$17.0M$11.0M$-4.0M$7.0M
EPS$0.75$0.49$0.87$0.97$1.57$2.20$2.54$1.62$-0.62$1.01
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$16.0M$15.0M$15.0M$15.0M$16.0M$15.0M$15.0M$15.0M$15.0M$13.0M$15.0M$15.0M
Operating Expenses$14.0M$12.0M$13.0M$14.0M$15.0M$24.0M$12.0M$12.0M$14.0M$12.0M$13.0M$17.0M
Operating Profit$3.0M$3.0M$2.0M$1.0M$1.0M$-9.0M$3.0M$3.0M$1.0M$1.0M$2.0M$-2.0M
Operating Margin15.3%18.1%13.2%8.5%5.2%-55.4%20.4%20.9%8.4%10.4%15.1%-13.0%
Interest$7.0M$7.0M$7.0M$7.0M$8.0M$7.0M$6.0M$6.0M$6.0M$5.0M$5.0M$5.0M
Profit Before Tax$3.0M$3.0M$2.0M$1.0M$1.0M$-9.0M$3.0M$3.0M$1.0M$1.0M$2.0M$-2.0M
Tax$27.4M$29.8M$31.6M$27.7M$24.4M$16.4M$19.5M$25.4M$35.6M$21.0M$26.4M$32.8M
Net Profit$2.0M$2.0M$1.0M$1.0M$1.0M$-7.0M$2.0M$2.0M$1.0M$1.0M$2.0M$-1.0M
EPS$0.27$0.28$0.21$0.14$0.09$-1.06$0.37$0.36$0.12$0.16$0.25$-0.19

Over the 10 years reported for Summit State Bank, borrowings decreased from $69.0M in 2016 to $6.0M in 2025, cash stood at $66.0M in the latest year, shareholders' equity was $38.0M.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$514.0M$611.0M$622.0M$696.0M$866.0M$958.0M$1.1B$1.1B$1.1B$1.0B
Current Assets$136.0M$151.0M$97.0M$98.0M$106.0M$123.0M$187.0M$134.0M$111.0M$66.0M
Cash$24.0M$69.0M$22.0M$38.0M$31.0M$41.0M$78.0M$58.0M$51.0M$66.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$4.0M$3.0M$5.0M$5.0M$8.0M$13.0M$26.0M$0$0$3.0M
Fixed Assets$5.0M$5.0M$6.0M$6.0M$6.0M$6.0M$5.0M$5.0M$5.0M$5.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$470.0M$524.0M$583.0M$639.0M$814.0M$894.0M$1.0B$1.0B$973.0M$913.0M
Other Assets$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M$0$0
Total Liabilities$455.0M$551.0M$561.0M$629.0M$790.0M$874.0M$1.0B$1.0B$975.0M$903.0M
Current Liabilities$388.0M$536.0M$504.0M$577.0M$731.0M$817.0M$975.0M$1.0B$963.0M$0
Borrowings$69.0M$15.0M$57.0M$51.0M$59.0M$54.0M$47.0M$6.0M$6.0M$6.0M
Other Liabilities$386.0M$536.0M$504.0M$577.0M$731.0M$819.0M$980.0M$1.0B$969.0M$897.0M
Equity$37.0M$37.0M$37.0M$37.0M$37.0M$37.0M$37.0M$37.0M$38.0M$38.0M
Reserves$59.0M$60.0M$62.0M$67.0M$76.0M$84.0M$89.0M$98.0M$92.0M$101.0M

For Summit State Bank, operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $7.0M; free cash flow was positive in 9 of 10 years; financing activities used $71.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$5.0M$4.0M$4.0M$24.0M$4.0M$7.0M$14.0M$-2.0M$6.0M$7.0M
Investing Cash Flow$-5.0M$-53.0M$-60.0M$-73.0M$-169.0M$-75.0M$-117.0M$-20.0M$37.0M$79.0M
Financing Cash Flow$-13.0M$149.0M$-32.0M$78.0M$152.0M$85.0M$151.0M$47.0M$-47.0M$-71.0M
Net Cash Flow$9.0M$45.0M$-49.0M$17.0M$-7.0M$10.0M$37.0M$-20.0M$-6.0M$14.0M
Free Cash Flow$5.0M$4.0M$3.0M$23.0M$4.0M$7.0M$14.0M$-3.0M$6.0M$7.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.23
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y12.12%
Return 3Y-5.87%
Return 5Y6.53%

Summit State Bank (SSBI) financials — frequently asked questions

What is Summit State Bank's annual revenue?

Summit State Bank (SSBI) reported annual revenue of $59.0M in its most recent fiscal year.

What is Summit State Bank's net profit?

Summit State Bank (SSBI) reported net profit of $7.0M in its most recent fiscal year.

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