SMMF · Summit Financial Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.06M | - | - | - | $869.0K | - | - | - | $930.0K | - |
| Operating Income | $22.04M | - | $21.13M | $10.41M | $17.68M | - | $18.28M | $15.21M | $14.95M | - |
| Interest Expense | $25.60M | - | $23.42M | $20.55M | $16.29M | - | $8.34M | $4.60M | $3.34M | - |
| Income Tax | $5.00M | - | $4.79M | $2.20M | $3.58M | - | $3.86M | $3.20M | $3.26M | - |
| Net Income | $17.05M | - | $16.33M | $8.21M | $11.69M | - | $14.42M | $11.79M | $11.47M | - |
| EPS - Basic | $1.15 | - | $1.10 | $0.54 | $1.09 | - | $1.11 | $0.92 | $0.90 | - |
| EPS - Diluted | $1.14 | - | $1.09 | $0.54 | $1.08 | - | $1.11 | $0.92 | $0.90 | - |
Balance Sheet
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $55.66M | $52.23M | $59.56M | $63.24M | $70.82M | $44.72M | $45.65M | $49.60M | $61.26M | $78.46M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $4.64B | $4.63B | $4.60B | $4.55B | $3.98B | $3.92B | $3.89B | $3.76B | $3.64B | $3.58B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $630.0K | $637.0K | $642.0K | $648.0K | $653.0K | $658.0K | $663.0K | $669.0K | $674.0K | $679.0K |
| Total Liabilities | $4.19B | $4.19B | $4.19B | $4.14B | $3.61B | $3.56B | $3.55B | $3.43B | $3.31B | $3.25B |
| Stockholders' Equity | $454.28M | $440.21M | $416.45M | $413.17M | $369.55M | $354.53M | $341.67M | $333.89M | $330.47M | $327.47M |
| Retained Earnings | $316.38M | $302.78M | $289.64M | $276.76M | $271.71M | $260.39M | $248.08M | $236.44M | $226.94M | $217.77M |
Cash Flow
| Line item | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $19.36M | - | - | - | $17.18M | - | - | - | $14.84M | - |
| Investing Cash Flow | ($5.21M) | - | - | - | ($32.55M) | - | - | - | ($94.88M) | - |
| Financing Cash Flow | ($10.72M) | - | - | - | $41.47M | - | - | - | $62.85M | - |
| CapEx | $684.0K | - | - | - | $1.38M | - | - | - | $320.0K | - |
| Free Cash Flow | $18.68M | - | - | - | $15.79M | - | - | - | $14.52M | - |
Ratios
| Metric | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.10 | - | - | - | 1.35 | - | - | - | 1.27 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 22.7% | - | 22.7% | 21.2% | 23.4% | - | 21.1% | 21.3% | 22.1% | - |
| Return on assets | 0.4% | - | 0.4% | 0.2% | 0.3% | - | 0.4% | 0.3% | 0.3% | - |
| Return on equity | 3.8% | - | 3.9% | 2.0% | 3.2% | - | 4.2% | 3.5% | 3.5% | - |
| Return on invested capital | 3.7% | - | 3.9% | 2.0% | 3.7% | - | 4.2% | 3.6% | 3.5% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.03 | - | - | - | 0.04 | - | - | - | 0.04 | - |
| Interest coverage | 0.9x | - | 0.9x | 0.5x | 1.1x | - | 2.2x | 3.3x | 4.5x | - |
| Equity multiplier | 10.22 | 10.53 | 11.06 | 11.02 | 10.76 | 11.05 | 11.38 | 11.27 | 11.03 | 10.92 |
| Liabilities / Assets | 0.90 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 24.7% | - | 15.6% | -31.6% | 18.2% | - | 19.8% | 12.8% | 12.5% | - |
| Net income growth (YoY) | 45.8% | - | 13.2% | -30.4% | 2.0% | - | 20.1% | 13.1% | 10.7% | - |
| EPS growth (YoY) | 5.6% | - | -1.8% | -41.3% | 20.0% | - | 20.7% | 15.0% | 12.5% | - |
| EPS CAGR (3y) | 12.5% | - | 13.8% | 0.0% | 45.6% | - | 19.5% | 10.6% | 17.1% | - |
| EPS CAGR (5y) | 15.3% | - | 14.7% | 1.1% | 12.5% | - | 18.3% | 16.4% | - | - |
| FCF growth (YoY) | 18.3% | - | - | - | 8.8% | - | - | - | 4.4% | - |
| FCF CAGR (5y) | 12.2% | - | - | - | 12.6% | - | - | - | 31.1% | - |
| Book value growth (YoY) | 22.9% | 24.2% | 21.9% | 23.7% | 11.8% | 8.3% | 5.7% | 5.9% | 12.6% | 16.3% |
Peer comparison
Same SIC group: State Commercial Banks
Comparing SUMMIT FINANCIAL GROUP against the 5 most active filers in the same SIC group.