Summit Bank Group
Income Statement

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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Summit Bank Group's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 21% to $38,015,336. Profit margin reached 23%. Total operating expenses were $21,125,348.

Profit Margin

Summit Bank Group, Inc. (OTC:SBKO): Profit margin
2014 8.92M 2.40M 26.89%
2015 10.83M 2.74M 25.28%
2017 17.72M 3.28M 18.52%
2019 28.71M 5.61M 19.57%
2020 31.47M 7.93M 25.2%
2021 36.33M 10.87M 29.92%
2022 48.11M 13.55M 28.17%
2023 38.01M 8.92M 23.47%

SBKO Income Statement (2014 – 2023)

2023 2022 2021 2020 2019 2017 2015 2014
Revenue
Revenue
38.01M48.11M36.33M31.47M28.71M17.72M10.83M8.92M
Cost of revenue
-27.71M0000000
Gross profit
65.73M48.11M36.33M31.47M28.71M17.72M10.83M8.92M
Operating exp.
Research and development
00000000
Selling and marketing
838.56K715.24K603.93K436.11K541.94K298.03K159.22K106.95K
Total operating expenses
21.12M4.84M4.35M3.42M3.71M2.21M6.42M5.13M
Operating income
16.88M18.12M14.66M10.89M7.71M6.09M4.44M3.82M
Other income (expenses), net
-4.67M18.02M14.59M8.94M7.50M-1.33M-919.19K-672.47K
Income before tax
12.21M18.02M14.59M10.66M7.50M5.92M4.41M3.78M
Income tax expense
3.29M4.47M3.72M2.73M1.88M2.63M1.67M1.38M
Net income
8.92M13.55M10.87M7.93M5.61M3.28M2.74M2.40M
Earnings per share
Basic EPS
1.151.781.441.110.870.540.510.47
Diluted EPS
1.151.761.421.110.860.530.510.46