Summit State Bank
Income Statement
Last updated:
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 State Bank's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 19% to $40,331,000. Profit margin reached 27%. Total operating expenses were $18,386,000.
Profit Margin
| 2014 | 18.91M | 5.48M | 29% |
|---|---|---|---|
| 2015 | 20.28M | 6.03M | 29.73% |
| 2016 | 20.69M | 4.96M | 24% |
| 2017 | 20.28M | 3.29M | 16.23% |
| 2018 | 23.93M | 5.82M | 24.35% |
| 2019 | 25.63M | 6.47M | 25.26% |
| 2020 | 34.70M | 10.51M | 30.3% |
| 2021 | 42.05M | 14.69M | 34.95% |
| 2022 | 49.62M | 16.96M | 34.19% |
| 2023 | 40.33M | 10.82M | 26.83% |
SSBI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 40.33M | 49.62M | 42.05M | 34.70M | 25.63M | 23.93M | 20.28M | 20.69M | 20.28M | 18.91M |
Cost of revenue | -25.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 65.44M | 49.62M | 42.05M | 34.70M | 25.63M | 23.93M | 20.28M | 20.69M | 20.28M | 18.91M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 1.27M | 1.48M | 959K | 764K | 649K | 808K | 828K | 883K | 655K | 682K |
Total operating expenses | 18.38M | -19.22M | -21.17M | -19.77M | -16.76M | -11.93M | -12.22M | -11.01M | -9.08M | -8.56M |
Operating income | 21.94M | 30.39M | 20.88M | 14.93M | 8.87M | 11.99M | 8.06M | 9.68M | 11.19M | 10.34M |
Other income (expenses), net | -6.66M | -6.52M | 20.88M | -4.55M | 8.87M | -3.95M | -3.72M | -1.23M | 0 | 0 |
Income before tax | 15.28M | 23.87M | 20.88M | 14.93M | 8.87M | 8.04M | 5.92M | 8.44M | 10.25M | 9.33M |
Income tax expense | 4.45M | 6.90M | 6.18M | 4.42M | 2.39M | 2.21M | 2.63M | 3.48M | 4.22M | 3.84M |
Net income | 10.82M | 16.96M | 14.69M | 10.51M | 6.47M | 5.82M | 3.29M | 4.96M | 6.03M | 5.48M |
Earnings per share | ||||||||||
Basic EPS | 1.62 | 2.54 | 2.2 | 1.58 | 0.97 | 0.87 | 0.5 | 0.75 | 0.9 | 0.82 |
Diluted EPS | 1.62 | 2.54 | 2.2 | 1.57 | 0.97 | 0.87 | 0.49 | 0.75 | 0.89 | 0.81 |