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Complete financial analysis of Summit Bancshares, Inc. (SMAL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Summit Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Summit Bancshares, Inc. (SMAL)
About Summit Bancshares, Inc.
Summit Bancshares, Inc., through its subsidiary, Summit Bank, provides commercial credit and other banking services in California. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial real estate, land development and construction, and commercial and consumer loans, as well as letters of credit. The company offers its products and services through three branches to small and mid-sized businesses and professionals, including professional firms of physicians, attorneys, accountants, real estate developers, retailers, service firms, wholesalers, and distributors, as well as individuals. Summit Bancshares, Inc. was founded in 1982 and is based in Oakland, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.13M | 14.13M | 13.10M | 13.66M | 14.71M | 12.89M | 11.41M | 9.90M | 10.23M | 10.67K | 7.51K | 7.35K | 8.14M | 8.33M | 10.27M | 11.39M | 11.69M | 9.85M | 8.19M | 7.78M | 7.61M | 8.31M | 7.28M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 19.13M | 14.13M | 13.10M | 13.66M | 14.71M | 12.89M | 11.41M | 9.90M | 10.23M | 10.67K | 7.51K | 7.35K | 8.14M | 8.33M | 10.27M | 11.39M | 11.69M | 9.85M | 8.19M | 7.78M | 7.61M | 8.31M | 7.28M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 122.00K | 101.00K | 173.50K | 211.22K | 0.00 | 0.00 | 0.00 | 0.00 | 140.00 | 60.00 | 349.13 | 3.43M | 3.21M | 3.23M | 3.33M | 3.72M | 3.70M | 3.58M | 3.21M | 3.03M | 3.00M | 2.46M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.50K | 3.97K | 4.03K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.48M | 122.00K | 101.00K | 173.50K | 211.22K | 0.00 | 0.00 | 0.00 | 0.00 | 4.64K | 4.03K | 4.38K | 3.43M | 3.21M | 3.23M | 3.33M | 3.72M | 3.70M | 3.58M | 3.21M | 3.03M | 3.00M | 2.46M |
| Other Expenses | -1.74M | -1.77M | -1.63M | -1.85M | -1.80M | -1.90M | -1.37M | -1.39M | -1.31M | 0.00 | 0.00 | 0.00 | -9.97M | -10.62M | -10.16M | -8.81M | -9.47M | -9.56M | -9.12M | -8.16M | -7.78M | -7.94M | -6.59M |
| Operating Expenses | 1.74M | 1.77M | 1.63M | 1.85M | 1.80M | 1.90M | 1.37M | 1.39M | 1.31M | 5.79K | 5.28K | 5.86K | -6.55M | -7.41M | -6.93M | -5.48M | -5.75M | -5.86M | -5.54M | -4.96M | -4.75M | -4.94M | -4.13M |
| Cost & Expenses | 11.23M | 9.29M | 9.81M | 9.73M | 8.40M | 8.52M | 7.03M | 6.51M | 6.35M | 5.79K | 5.28K | 5.86K | -6.55M | -7.41M | -6.93M | -5.48M | -5.75M | -5.86M | -5.54M | -4.96M | -4.75M | -4.94M | -4.13M |
| Interest Income | 0.00 | 13.03M | 11.98M | 12.83M | 13.04M | 12.10M | 9.81M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.69M | 9.17M | 10.76M | 14.20M | 14.11M | 10.97M | 8.49M | 8.20M | 8.87M | 10.69M | 8.76M |
| Interest Expense | 0.00 | 597.66K | 533.71K | 538.08K | 514.31K | 412.04K | 404.02K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.22M | 1.53M | 2.68M | 3.40M | 2.94M | 1.67M | 878.00K | 915.79K | 1.71M | 2.77M | 2.15M |
| Depreciation & Amortization | 155.78K | 152.40K | 148.93K | 151.53K | 120.53K | 71.41K | 48.06K | 48.93K | 82.19K | -5.02K | -2.43K | -1.74K | 155.58K | 240.87K | 275.14K | 0.00 | 0.00 | 0.00 | 0.00 | 205.51K | 233.05K | 235.43K | 266.94K |
| EBITDA | 7.94M | 13.62K | 374.00 | 2.92K | -324.00 | -1.03K | 4.43M | 48.93K | 82.19K | -141.20 | -192.43 | 1.61M | 0.00 | 1.16M | 0.00 | 0.00 | 5.95M | 3.99M | 2.65M | 0.00 | 3.09M | 3.61M | 3.15M |
| EBITDA Ratio | 41.49% | 1.08% | 1.14% | 1.11% | 0.82% | 0.55% | 0.42% | 0.49% | 0.80% | -1.32% | -2.56% | -3.51% | 21.54% | 13.94% | 35.19% | 51.86% | 50.85% | 40.53% | 32.38% | 38.91% | 40.65% | 43.39% | 46.91% |
| Operating Income | 7.90M | -76.09K | -87.63K | -54.77K | -51.33K | -89.73K | 0.00 | -1.00 | 0.00 | 5.02K | 2.43K | 1.74K | 1.60M | 920.38K | 3.34M | 5.91M | 5.95M | 3.99M | 2.65M | 2.82M | 2.86M | 3.37M | 3.15M |
| Operating Income Ratio | 41.31% | -0.54% | -0.67% | -0.40% | -0.35% | -0.70% | 0.00% | 0.00% | 0.00% | 47.05% | 32.30% | 23.73% | 19.63% | 11.05% | 32.51% | 51.86% | 50.85% | 40.53% | 32.38% | 36.27% | 37.59% | 40.55% | 43.24% |
| Total Other Income/Expenses | -121.00K | -16.17K | -682.26K | -686.69K | -635.17K | -484.48K | -44.44K | 1.00 | 0.00 | -1.15K | -1.25K | 1.48M | 1.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -155.00 | 0.00 | -2.29M |
| Income Before Tax | 7.78M | 4.83M | 3.29M | 3.93M | 6.31M | 4.37M | 4.38M | 3.39M | 3.89M | 4.88K | 2.23K | 1.49K | 1.60M | 920.38K | 3.34M | 5.91M | 5.95M | 3.99M | 2.65M | 2.82M | 2.86M | 3.37M | 3.15M |
| Income Before Tax Ratio | 40.68% | 34.18% | 25.12% | 28.80% | 42.92% | 33.89% | 38.37% | 34.21% | 37.98% | 45.73% | 29.74% | 20.21% | 19.63% | 11.05% | 32.51% | 51.86% | 50.85% | 40.53% | 32.38% | 36.27% | 37.59% | 40.55% | 43.24% |
| Income Tax Expense | 2.29M | 1.43M | 960.09K | 1.15M | 1.79M | 1.29M | 2.53M | 1.35M | 1.55M | 1.96K | 872.23 | 579.61 | 615.38K | 402.96K | 1.25M | 2.22M | 2.32M | 1.54M | 1.03M | 1.09M | 1.15M | 1.36M | 1.31M |
| Net Income | 5.49M | 3.40M | 2.33M | 2.79M | 4.52M | 3.08M | 1.85M | 2.04M | 2.33M | 2.92K | 1.36K | 906.09 | 983.66K | 517.42K | 2.09M | 3.69M | 3.63M | 2.46M | 1.62M | 1.73M | 1.71M | 2.02M | 1.84M |
| Net Income Ratio | 28.70% | 24.07% | 17.79% | 20.40% | 30.73% | 23.90% | 16.19% | 20.59% | 22.80% | 27.32% | 18.13% | 12.33% | 12.08% | 6.21% | 20.34% | 32.35% | 31.00% | 24.93% | 19.78% | 22.21% | 22.51% | 24.24% | 25.27% |
| EPS | 4.72 | 2.92 | 1.95 | 2.33 | 3.79 | 2.58 | 1.54 | 1.58 | 1.79 | 2.24 | 1.05 | 0.70 | 0.79 | 0.40 | 1.58 | 2.37 | 1.99 | 1.34 | 0.89 | 0.94 | 0.93 | 1.09 | 1.32 |
| EPS Diluted | 4.72 | 2.92 | 1.95 | 2.33 | 3.79 | 2.58 | 1.54 | 1.58 | 1.79 | 2.24 | 1.05 | 0.70 | 0.79 | 0.40 | 1.58 | 2.37 | 1.99 | 1.34 | 0.88 | 0.94 | 0.92 | 1.08 | 1.30 |
| Weighted Avg Shares Out | 1.16M | 1.16M | 1.19M | 1.19M | 1.19M | 1.19M | 1.20M | 1.29M | 1.30M | 1.30K | 1.30K | 1.30K | 1.25M | 1.30M | 1.32M | 1.55M | 1.82M | 1.82M | 1.83M | 1.84M | 1.85M | 1.85M | 1.83M |
| Weighted Avg Shares Out (Dil) | 1.16M | 1.16M | 1.19M | 1.19M | 1.19M | 1.19M | 1.20M | 1.29M | 1.30M | 1.30K | 1.30K | 1.30K | 1.25M | 1.30M | 1.32M | 1.56M | 1.82M | 1.82M | 1.84M | 1.84M | 1.87M | 1.87M | 1.83M |
Summit Bancshares, Inc. Announces a Special Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares, Inc., at a meeting held on October 16, 2024, in recognition of the bank's 42nd year in business, declared a special cash dividend of $0.42 per share, payable on December 13th,...
Summit Bancshares, Inc. Announces a Special Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on September 18, 2024, in recognition of the bank's 42nd year in business, declared a one-time special cash dividend of $0.31 per share, payable on October...
Summit Bancshares, Inc. Announces a Special Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares, Inc., at a meeting held on April 17, 2024, in recognition of the bank's 42nd year in business, declared a one-time special cash dividend of $0.42 per share, payable on June...
Summit Bancshares, Inc. Announces 1st Quarter Cash Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on April 17, 2024, declared a quarterly cash dividend of $0.11 per share, payable on June 14, 2024, to holders of record as of the close...
Summit Bancshares, Inc. Announces a Special Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on January 17, 2024, in recognition of the bank's 42nd year in business, declared a one-time special cash dividend of $0.42 per share, payable on February...
Summit Bancshares, Inc. Announces 1st Quarter Cash Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on January 17, 2024, declared a quarterly cash dividend of $0.11 per share, an increase of $0.01 from 2023 quarterly dividends, payable on March 15, 2024,...
Summit Bancshares, Inc. Announces 4th Quarter Cash Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on October 18, 2023, declared a quarterly cash dividend of $0.10 per share, payable on December 15, 2023, to holders of record as of the close...
Summit Bancshares, Inc. Announces 3rd Quarter Cash Dividend
OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on July 19, 2023, declared a quarterly cash dividend of $0.10 per share, payable on September 15, 2023, to holders of record as of the close...
Source: https://incomestatements.info
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