Summit State Bank (SSBI) Financial Statements & Analysis

Summit State Bank (SSBI) Income Statement

Summit State Bank reported revenue of $34.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.9% from $32.74M a year earlier. Net income was $6.80M, a net margin of 19.4%. Gross margin was 93.8% and operating margin 25.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $4.36M, down 71.8% from the same quarter a year earlier.

Summit State Bank Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Summit State Bank income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	34.99	32.74	65.06	56.16	46.43	40.58	32.47	27.88	22.43
Cost of Revenue	26.01	37.22	25.05	9.07	5.66	8.26	7.73	4.48	2.66
Gross Profit	32.81	24.81	40.01	47.09	40.77	32.32	24.74	23.40	19.77
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	17.60	18.37	18.39	17.73	14.91	12.54	12.81	12.38	10.88
Operating Expenses	23.85	29.20	24.73	23.22	19.89	17.38	15.87	15.36	13.85
Operating Income	8.96	-4.39	15.28	23.87	20.88	14.94	8.88	8.04	5.92
Other Income/Expense
Interest Income	57.91	58.25	59.83	48.66	41.73	36.20	29.78	25.31	20.48
Interest Expense	23.48	29.29	24.78	6.53	4.37	6.16	7.03	3.95	2.14
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	8.96	-4.39	15.28	23.87	20.88	14.94	8.88	8.04	5.92
Income Tax Expense	2.17	-0.20	4.46	6.90	6.18	4.42	2.40	2.22	2.63
Net Income	6.80	-4.19	10.82	16.97	14.70	10.52	6.48	5.83	3.29
Net Income - Continuous Operations	6.80	-4.19	10.82	16.97	14.70	10.52	6.48	5.83	3.29
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	9.34	-4.00	15.67	24.26	21.29	15.37	9.37	8.39	6.26
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.38	0.39	0.39	0.39	0.41	0.43	0.50	0.35	0.34
Earnings Per Share
Basic EPS	1.00	-1.00	2.00	3.00	2.00	2.00	1.00	1.00	1.00
Diluted EPS	1.00	-1.00	2.00	3.00	2.00	2.00	1.00	1.00	-
Basic Shares Outstanding	6.73	6.71	6.70	6.69	6.68	6.68	6.68	6.67	6.63
Diluted Shares Outstanding	6.73	6.71	6.70	6.69	6.68	6.68	6.68	6.68	6.66

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Summit State Bank Financial Statements

What was Summit State Bank's revenue in fiscal 2025?

Summit State Bank reported revenue of $34.99M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.9% from $32.74M a year earlier.

Is Summit State Bank profitable?

Yes. Summit State Bank earned net income of $6.80M in fiscal 2025, a net margin of 19.4%. In fiscal 2024 it lost $4.19M.

What is Summit State Bank's operating margin?

Summit State Bank's operating income was $8.96M on revenue of $34.99M in fiscal 2025, an operating margin of 25.6%, compared with -13.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition