Summit Bancshares
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 Bancshares's past years’ income statements indicate that its last revenue has increased compared to the previous period by 35% to $19,133,358. The net income raised on $5,491,983 and profit margin reached 29%. Total operating expenses were $1,740,970.
Profit Margin
| 2014 | 10.67K | 2.91K | 27.31% |
|---|---|---|---|
| 2015 | 10.23M | 2.33M | 22.8% |
| 2016 | 9.89M | 2.03M | 20.59% |
| 2017 | 11.41M | 1.84M | 16.19% |
| 2018 | 12.89M | 3.08M | 23.9% |
| 2019 | 14.71M | 4.52M | 30.73% |
| 2020 | 13.65M | 2.78M | 20.4% |
| 2021 | 13.09M | 2.33M | 17.79% |
| 2022 | 14.13M | 3.40M | 24.07% |
| 2023 | 19.13M | 5.49M | 28.7% |
SMAL Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 19.13M | 14.13M | 13.09M | 13.65M | 14.71M | 12.89M | 11.41M | 9.89M | 10.23M | 10.67K |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 19.13M | 14.13M | 13.09M | 13.65M | 14.71M | 12.89M | 11.41M | 9.89M | 10.23M | 10.67K |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.49K |
Total operating expenses | 1.74M | 1.77M | 1.62M | 1.85M | 1.79M | 1.89M | 1.36M | 1.38M | 1.30M | 5.79K |
Operating income | 7.90M | 0 | 0 | -54.77K | 0 | 0 | 0 | -1 | 0 | 5.02K |
Other income (expenses), net | -121K | 4.83M | 3.29M | -686.68K | 6.31M | 4.36M | -44.44K | 3.38M | 0 | -1.15K |
Income before tax | 7.78M | 4.83M | 3.29M | 3.93M | 6.31M | 4.36M | 4.37M | 3.38M | 3.88M | 4.87K |
Income tax expense | 2.29M | 1.42M | 960.09K | 1.14M | 1.79M | 1.28M | 2.53M | 1.34M | 1.55M | 1.96K |
Net income | 5.49M | 3.40M | 2.33M | 2.78M | 4.52M | 3.08M | 1.84M | 2.03M | 2.33M | 2.91K |
Earnings per share | ||||||||||
Basic EPS | 4.72 | 2.92 | 1.95 | 2.33 | 3.79 | 2.58 | 1.54 | 1.58 | 1.79 | 2.24 |
Diluted EPS | 4.72 | 2.92 | 1.95 | 2.33 | 3.79 | 2.58 | 1.54 | 1.58 | 1.79 | 2.24 |