SSBI - NASDAQ

Summit State Bank

Summit State Bank

SSBI·NASDAQ

$13.55

-0.22%
Financial ServicesBanks - Regional

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, individual retirement, and other retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and lines of credit, term, and equipment loans, as well as loans to agriculture-related businesses. In addition, the company provides Internet and telephone banking; and other services, such as banking by appointment, online banking, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier, safe deposit boxes, night depository facilities, notary, travelers checks, lockbox, and banking by mail. Further, it offers electronic banking, cash management, and electronic bill payment services. The company operates through five depository offices located in Santa Rosa, Rohnert Park, Healdsburg, and Petaluma, as well as loan production offices in Roseville, California, Irvine, and Scottsdale, Arizona. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$91.75M
EPS1.0100
P/E Ratio13.42
Earnings Date05/05/2026
58.82M
Revenue
-5%
3Y+5.0%
5Y+45.0%
10Y+168.0%
6.80M
Net Income
-262%
3Y-60.0%
5Y-35.0%
10Y+37.0%
6.59M
Operating Cash Flow
13%
3Y-52.0%
5Y+77.0%
10Y+26.0%
Summit State Bank

Summit State Bank Profit Bridge

SSBI · NASDAQ
Revenue58.82M
Cost of Goods Sold (26.01M)
Gross Profit32.81M
Operating Expenses (23.84M)
Operating Income8.96M
Interest Expense (23.48M)
Other Income/Expense0.00
Pretax Income8.96M
Income Tax (2.17M)
Net Income6.80M
Net Income
6.80M

Profitability Analysis

Gross Margin

55.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

15.2%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

11.6%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

24.2%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Summit State Bank Income Statement

SSBI • NASDAQ

Summit State Bank Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
Revenue
58.8M
62M
65.1M
56.2M
46.4M
40.6M
32.5M
27.9M
22.4M
21.9M
21.2M
19.9M
19.5M
20.4M
20.6M
20.2M
21.8M
22.7M
24M
21.8M
GROSS PROFIT
Cost of Revenue
(26M)
(37.2M)
(25.1M)
(9.1M)
(5.7M)
(8.3M)
(7.7M)
(4.5M)
(2.7M)
(1.2M)
(136K)
-384K
(1.3M)
(5.4M)
(6.6M)
(7.4M)
(9.2M)
(9.9M)
(12.7M)
(9.7M)
Gross Profit
32.8M
24.8M
40M
47.1M
40.8M
32.3M
24.7M
23.4M
19.8M
20.7M
21.1M
20.3M
18.2M
15M
14M
12.8M
12.6M
12.8M
11.3M
12.1M
OPERATING INCOME
Operating Expenses
(23.8M)
(29.2M)
(24.7M)
(23.2M)
(19.9M)
(17.4M)
(15.9M)
(15.4M)
(13.8M)
(12.2M)
(10.8M)
(11M)
(10.8M)
(9.2M)
(10.2M)
(9.6M)
(9M)
(11.1M)
(8M)
(7.2M)
Selling, General & Administrative
(16.3M)
(18.4M)
(18.4M)
(17.7M)
(14.9M)
(12.5M)
(12.8M)
(12.4M)
(10.9M)
(9.6M)
(8.1M)
(8M)
(7.9M)
(7.5M)
(7.3M)
(6.8M)
(4.3M)
(4.3M)
(4M)
(3.7M)
Operating Income
9M
-4.4M
15.3M
23.9M
20.9M
14.9M
8.9M
8M
5.9M
8.4M
10.3M
9.3M
7.4M
5.9M
3.8M
3.2M
3.5M
1.7M
3.3M
4.9M
PRE-TAX INCOME
Interest Expense
(23.5M)
(29.3M)
(24.8M)
(6.5M)
(4.4M)
(6.2M)
(7M)
(4M)
(2.1M)
(1.2M)
(936K)
(1M)
(1.3M)
(2M)
(2.9M)
(3.6M)
(5.6M)
(9.2M)
(11.9M)
(9.4M)
Net Interest Income
34.9M
29M
35M
42.1M
37.4M
30M
22.8M
21.4M
18.3M
18.3M
17.3M
16.7M
16.5M
16.2M
15.7M
15.3M
15.1M
12.2M
10.7M
11M
Other Expenses
(7.6M)
(10.8M)
(6.3M)
(5.5M)
(5M)
(4.8M)
(3.1M)
(3M)
(3M)
(2.6M)
(2.7M)
(3M)
(3M)
(1.6M)
(2.9M)
(2.8M)
(4.8M)
(6.8M)
(4M)
(3.6M)
Income Before Tax
9M
-4.4M
15.3M
23.9M
20.9M
14.9M
8.9M
8M
5.9M
8.4M
10.3M
9.3M
7.4M
5.9M
3.8M
3.2M
3.5M
1.7M
3.3M
4.9M
NET INCOME
Income Tax Expense
(2.2M)
-195K
(4.5M)
(6.9M)
(6.2M)
(4.4M)
(2.4M)
(2.2M)
(2.6M)
(3.5M)
(4.2M)
(3.8M)
(3M)
(2.4M)
(1.6M)
(1.4M)
(1.5M)
(707K)
(1.4M)
(2.1M)
Net Income
6.8M
-4.2M
10.8M
17M
14.7M
10.5M
6.5M
5.8M
3.3M
5M
6M
5.5M
4.3M
3.4M
2.2M
1.8M
2.1M
1M
1.9M
2.8M

SEC Filings

SSBI - Filing history and reports

No SEC filings available for SSBI

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