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Summit State Bank (SSBI)

10.00

-0.19

(-1.86%)

At close: April 25 at 4:00 PM EDT

Summit State Bank welcomes Dr. Frank Chong and James Finley to its Board of Directors

SANTA ROSA, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) welcomes Dr. Frank Chong and James Finley, to its Board of Directors. Dr. Chong and Mr. Finley were elected to the Board of Directors at the Bank’s Board Meeting held on Monday, February 26, 2024. “We are pleased to welcome Dr. Chong and Mr. Finley as directors. Frank served as Superintendent/President of Santa Rosa Junior College, has a vast knowledge of the Sonoma County community and possesses strong leade

GlobeNewswire 27 days ago
Summit State Bank Reports Net Income of $10.8 Million for the Year 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share

SANTA ROSA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the year ended December 31, 2023 of $10,822,000, or $1.62 per diluted share, a decrease of $6,146,000, or 36%, compared to net income of $16,968,000, or $2.54 per diluted share for the year ended December 31, 2022. For the fourth quarter ended December 31, 2023, net income was $1,901,000, or $0.28 per diluted share, compared to $4,553,000 or $0.68 per diluted share, for the fourth

GlobeNewswire 2 months ago
Summit State Bank Reports Net Income of $1.8 Million for Third Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share

SANTA ROSA, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the third quarter ended September 30, 2023 of $1,821,000, or $0.27 per diluted share, a decrease of $2,158,000, or 54.2%, compared to net income of $3,979,000, or $0.59 per diluted share for the third quarter ended September 30, 2022. Financial results for the quarter reflect strong non-interest income resulting from increased gain on sale of loans. Lower net interest income resul

GlobeNewswire 5 months ago
Summit State Bank Ranked a Top Bay Area Corporate Philanthropist by San Francisco Business Times

SANTA ROSA, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced today that it has been ranked number 52nd on the San Francisco Business Times’ 2023 Bay Area Corporate Philanthropists List which was published in a supplement in the San Francisco Business Times on July 28, 2023. The Corporate Philanthropy Awards, list and supplement celebrates the Bay Area’s most generous corporate citizens and recognizes those companies that also give their time, talent and resour

GlobeNewswire 8 months ago
Summit State Bank Comments on Big Poppy Bancorp, Inc.’s Federal Reserve Application

SANTA ROSA, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) (“Summit”) announced today that it is aware that Big Poppy Holdings, Inc. (“Poppy”) has published a notice stating that it holds 332,464 shares of Summit’s common stock, which is approximately 4.9% of the outstanding shares, and that it intends to file an application with the Federal Reserve Board to acquire up to 24.99% of Summit’s common stock. Poppy is the holding company for Poppy Bank, which is headquarte

GlobeNewswire 8 months ago
Summit State Bank Reports Net Income of $3.0 Million for Second Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share

SANTA ROSA, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the second quarter ended June 30, 2023 of $2,985,000, or $0.45 per diluted share, a decrease of $1,516,000, or 33.7%, compared to net income of $4,501,000, or $0.67 per diluted share for the second quarter ended June 30, 2022. Financial results for the quarter reflect strong net interest income offset by lower non-interest income resulting from reduced gain on sale of loan activit

GlobeNewswire 8 months ago
Summit State Bank Named to CB Durable Performance Index™

SANTA ROSA, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has been named to the CB Durable Performance Index™ for 1Q 2023. The index highlights banks who have maintained above average performance over the course of the last 3 years by aggregating and analyzing performance and regulatory data. The report identified high performing banks by scoring 11 key performance indicators regularly used in analyzing bank value. “We are delighted to be name

GlobeNewswire 9 months ago
Summit State Bank Ranks #18 on American Banker Magazine’s Top 200 Publicly Traded Community Banks list

SANTA ROSA, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has once again been named to American Banker Magazine’s Top 200 Publicly Traded Community Banks list. In its June 12, 2023 article, American Banker ranked Summit State Bank 18th on its Top 200 Publicly Traded Community Banks list based on three-year average return on equity (“ROE”) as of 12/31/22 (Source: Capital Performance Group). The rankings include publicly-traded banks with less t

GlobeNewswire 10 months ago
Community Banks Virtual Investor Conference: Presentations Now Available for Online Viewing

Company Executives Share Vision and Answer Questions at VirtualInvestorConferences.comNEW YORK, May 26, 2023 (GLOBE NEWSWIRE) -- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Community Banks Virtual Investor Conference, held on May 25th are now available for online viewing. REGISTER NOW AT: https://bit.ly/3BTlUgC The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may downlo

GlobeNewswire 10 months ago
Community Banks Virtual Investor Conference Agenda Announced for May 25th

Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.comNEW YORK, May 22, 2023 (GLOBE NEWSWIRE) -- Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Community Banks Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend. REGISTER NOW AT: https://bit.ly/45fvhor It is recommended that investors pre-register and run the online system

GlobeNewswire 10 months ago
Summit State Bank Recognized Among Top Performing Banks by the Independent Community Bankers Association

SANTA ROSA, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) has been recognized by the Independent Community Bankers Association (ICBA) as one of the 2023 Top Performing Banks and the only California bank to be recognized in the More Than a Billion category. ICBA is a member-based trade organization comprised of community banks throughout the United States. The ICBA recognizes consistently high-performing banks utilizing FDIC data, taking into account pre-tax return-on-

GlobeNewswire 10 months ago
Summit State Bank Recognized for 2022 Raymond James Bankers Cup Award

SANTA ROSA, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) ranked 9th and is one of only 22 banks in the U.S. to be named to the 2022 Raymond James Bankers Cup, in its annual list of top-performing community banks. Raymond James, an independent investment bank and research firm, analyzed banks nationwide to select its Bankers Cup recipients. This elite annual list recognizes the top 10% of community banks based on various profitability, operational efficiency, and bala

GlobeNewswire 11 months ago

Performance Overview

Return	SSBI	S&P 500
YTD	-17.75%	+5.84%
1-Year	-29.30%	+22.03%
3-Year	-27.04%	+20.77%

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Summit State Bank (SSBI)

Summit State Bank welcomes Dr. Frank Chong and James Finley to its Board of Directors

Summit State Bank Reports Net Income of $10.8 Million for the Year 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share

Summit State Bank Reports Net Income of $1.8 Million for Third Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share

Summit State Bank Ranked a Top Bay Area Corporate Philanthropist by San Francisco Business Times

Summit State Bank Comments on Big Poppy Bancorp, Inc.’s Federal Reserve Application

Summit State Bank Reports Net Income of $3.0 Million for Second Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share

Summit State Bank Named to CB Durable Performance Index™

Summit State Bank Ranks #18 on American Banker Magazine’s Top 200 Publicly Traded Community Banks list

Community Banks Virtual Investor Conference: Presentations Now Available for Online Viewing

Community Banks Virtual Investor Conference Agenda Announced for May 25th

Summit State Bank Recognized Among Top Performing Banks by the Independent Community Bankers Association

Summit State Bank Recognized for 2022 Raymond James Bankers Cup Award

Performance Overview