Summit Bank Group Reports 2024 3rd Quarter Earnings
SUMMIT BANK GROUP INC (SBKO)
NASDAQ:AMEX Investor Relations:
sbko.bank/investor-relations
Company Research
Source: Business Wire
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO)This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023226992/en/Summit Bank Group Reports 2024 3rd Quarter Earnings (Graphic: Business Wire)Q3 2024 Net Income - $3.17 million or $0.41 per fully diluted share, up 29.7 percent over Q3 2023.2024 Year to Date Net Income - $8.30 million or $1.06 per fully diluted share, an increase of $1.05 million or $0.13 per share and 14.0 percent over the similar period in 2023.Cash and securities total $225.3 million – 17.7 percent of assets.Year over year Net Loan Growth - $143.8 million or 16.4 percent.Year over year Deposit Growth - $229.1 million or 25.2 percent.Summit Bank Group reported net income for the third quarter of $3.17 million or 41 cents per fully diluted share. Third quarter net income was $727 thousand or 9 cents per fully diluted share higher than the similar period in 2023, representing 29.7 and 29.2 per
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